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Bonus-Malus Systems: “Lack of Transparency” and Adequacy Measure

Published online by Cambridge University Press:  29 August 2014

Paola Verico
Paola Verico*
Affiliation:
Dipartimento di Scienze Attuariali e Finanziarie, via Nomentana, 41 00161 – Roma, Italia, E-mail: paola.verico@unirom.it
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Abstract

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Based on a recent contribution by Baione and others in this Journal, some consequences of the decrease of the mean merit coefficient for portfolios of Bonus-Malus policies, and some alternative ways to measure the “quality” of a Bonus-Malus system are discussed.

Type
Articles
Information
ASTIN Bulletin: The Journal of the IAA , Volume 32 , Issue 2 , November 2002 , pp. 315 - 318
Copyright
Copyright © International Actuarial Association 2002

References

Baione, E., Levantesi, S. and Menzietti, M. (2002) The Development of an Optimal Bonus-Malus System in a Competitive Market, ASTIN Bulletin 32, 159–169.CrossRefGoogle Scholar
Lemaire, J. (1995) Bonus-Malus Systems in Automobile Insurance, Kluwer Academic Publ.CrossRefGoogle Scholar
Verico, P. (2000) Sistemi Bonus-malus: trasparenza, equita ed un nuovo approccio per lo studio; Publ. of the Dept. for Act. and Fin. Sc., University of Rome “La Sapienza”, 16.Google Scholar