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La logique des systèmes bonus-malus en assurance automobile: une approche théorique

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  • Dominique Henriet
  • Jean-Charles Rochet

Abstract

Two justifications can be found for the use of a system of bonuses and penalties in automobile insurance. The first refers to risk selection, the second to the inducement to greater prudence at the wheel. Based on a model which incorporates both factors, it appears that the system of bonuses and penalties should be radically different depending on the primacy of one factor or the other. From the stand point of risk selection, only the observed frequence of past accidents matters; but in order to incite safe driving the time element should enter in the tarification. In the light of the theoretical discussion, the French insurance clauses of 1976 and 1984 are reviewed.

Suggested Citation

  • Dominique Henriet & Jean-Charles Rochet, 1986. "La logique des systèmes bonus-malus en assurance automobile: une approche théorique," Annals of Economics and Statistics, GENES, issue 1, pages 133-152.
    • Handle: RePEc:adr:anecst:y:1986:i:1:p:133-152
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    File URL: http://www.jstor.org/stable/20075597
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    Cited by:

    1. Georges Dionne & Olfa Ghali, 2005. "The (1992) Bonus‐Malus System in Tunisia: An Empirical Evaluation," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(4), pages 609-633, December.
    2. B. Caillaud & R. Guesnerie & P. Rey & J. Tirole, 1988. "Government Intervention in Production and Incentives Theory: A Review of Recent Contributions," RAND Journal of Economics, The RAND Corporation, vol. 19(1), pages 1-26, Spring.
    3. Dionne, G. & Doherty, N., 1991. "Adverse Selection in Insurance Markets: a Selective Survey," Cahiers de recherche 9105, Universite de Montreal, Departement de sciences economiques.
    4. Nathalie Fombaron & Georges Dionne & Wanda Mimra, 2023. "Adverse Sélection in Insurance," Post-Print hal-04416340, HAL.
    5. Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
    6. Youn Ahn, Jae & Jeong, Himchan & Lu, Yang, 2021. "On the ordering of credibility factors," Insurance: Mathematics and Economics, Elsevier, vol. 101(PB), pages 626-638.

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