THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX
The motor insurance is an important branch of non-life insurance in many countries; in some of them, coming first in total premium income category (in Romania, for example). The Bonus-Malus system implementation is one of the solutions chosen by the insurance companies in order to increase the effic...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University Publishing House
2012-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_033.pdf |
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