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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| Format: | Article |
| Language: | English |
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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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| _version_ | 1846146513731846144 |
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| author | SANDRA TEODORESCU |
| author_facet | SANDRA TEODORESCU |
| author_sort | SANDRA TEODORESCU |
| collection | DOAJ |
| description | 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 efficiency in the motor insurance domain. This system has been recently introduced by the Romanian insurers as well. In this paper I present the means for modelling the bonus-malus system using the transition matrix. |
| format | Article |
| id | doaj-art-528ebc90cac345349f43b5d75f90e6e7 |
| institution | Kabale University |
| issn | 2068-7796 |
| language | English |
| publishDate | 2012-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-528ebc90cac345349f43b5d75f90e6e72024-12-02T02:25:38ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962012-05-012-15021507THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIXSANDRA TEODORESCUThe 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 efficiency in the motor insurance domain. This system has been recently introduced by the Romanian insurers as well. In this paper I present the means for modelling the bonus-malus system using the transition matrix.http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_033.pdfBonus-MalussystemRomanian Bonus-Malus systemtransition matrixmotor insurance |
| spellingShingle | SANDRA TEODORESCU THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX Challenges of the Knowledge Society Bonus-Malus system Romanian Bonus-Malus system transition matrix motor insurance |
| title | THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX |
| title_full | THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX |
| title_fullStr | THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX |
| title_full_unstemmed | THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX |
| title_short | THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX |
| title_sort | bonus malus system modelling using the transition matrix |
| topic | Bonus-Malus system Romanian Bonus-Malus system transition matrix motor insurance |
| url | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=02_economics%2F&download=cks_2012_economics_art_033.pdf |
| work_keys_str_mv | AT sandrateodorescu thebonusmalussystemmodellingusingthetransitionmatrix AT sandrateodorescu bonusmalussystemmodellingusingthetransitionmatrix |