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Bonus Made Easy1

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  • Holtan, Jon

Abstract

The paper introduces an alternative approach to the traditional experience rating theory in automobile insurance. The approach is based on a simple theory of how high deductibles financed by loans maintain the risk differentiation in an automobile insurance arrangement. Thus the approach differs totally from the usual bonus-malus classes as well as from the credibility based experience rating ideas. The paper is of a theoretical nature and leads up to a mathematical description of how the approach may be optimalized within the framework of a risk model.

Suggested Citation

  • Holtan, Jon, 1994. "Bonus Made Easy1," ASTIN Bulletin, Cambridge University Press, vol. 24(1), pages 61-74, May.
    • Handle: RePEc:cup:astinb:v:24:y:1994:i:01:p:61-74_00
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    Cited by:

    1. Olena Ragulina, 2017. "Bonus--malus systems with different claim types and varying deductibles," Papers 1707.00917, arXiv.org.
    2. Kamil Gala & Wojciech Bijak, 2015. "Bonus-malus system with premium adjustment," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 37, pages 99-126.

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