Optimal Claiming in an Automobile Insurance System with Bonus-Malus Structure
作者:
KoldermanJ.,
VolgenantA.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1985)
卷期:
Volume 36,
issue 3
页码: 239-247
ISSN:0160-5682
年代: 1985
DOI:10.1057/jors.1985.42
出版商: Taylor&Francis
关键词: insurance system;optimal claiming;Markov programming
数据来源: Taylor
摘要:
AbstractA motorist involved in an accident will have to decide whether to claim from his insurance company or not when he is at fault. An optimal decision rule can only be determined in the light of future developments and future decisions, since the consequences of claiming or not claiming are felt in the subsequent year's premiums. In this paper, optimal no-claim limits are determined for a common Dutch type of insurance policy with bonus-malus structures, using generalized Markovian programming. The computational results are given for various values of the expected number of accidents per year.
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