{"product_id":"9789401042758","title":"Bonus-Malus Systems in Automobile Insurance","description":"\u003ch1\u003eBonus-Malus Systems in Automobile Insurance\u003c\/h1\u003e \u003ch2\u003eLemaire, Jean\u003c\/h2\u003e \u003cp\u003eMost insurers around the world have introduced some form of  merit-rating in automobile third party liability insurance. Such  systems, penalizing at-fault accidents by premium surcharges and  rewarding claim-free years by discounts, are called bonus-malus  systems (BMS) in Europe and Asia. With the current deregulation trends  that concern most insurance markets around the world, many companies  will need to develop their own BMS. The main objective of the book is  to provide them models to design BMS that meet their objectives. \u003cbr\u003e  Part I of the book contains an overall presentation of the pros and  cons of merit-rating, a case study and a review of the different  probability distributions that can be used to model the number of  claims in an automobile portfolio. In Part II, 30 systems from 22  different countries, are evaluated and ranked according to their  `toughness' towards policyholders. Four tools are created to evaluate  that toughness and provide a tentative classification of all systems.  Then, factor analysis is used to aggregate and summarize the data, and  provide a final ranking of all systems. Part III is an up-to-date  review of all the probability models that have been proposed for the  design of an optimal BMS. The application of these models would enable  the reader to devise the system that is ideally suited to the behavior  of the policyholders of his own insurance company. Finally, Part IV  analyses an alternative to BMS; the introduction of a policy with a  deductible. \u003cbr\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-10-04\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003e ISBN-10: 9789401042758\u003c\/p\u003e \u003cp\u003eISBN-13: 9789401042758\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-0631-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 285\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44343407181964,"sku":"9789401042758","price":153.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789401042758_1b20a597-e63a-405d-9f74-ac566d7c64cb.jpg?v=1755054403","url":"https:\/\/lateknightbooks.com\/products\/9789401042758","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}