Advances and Applications in Statistics
Volume 51, Issue 4, Pages 295 - 307
(October 2017) http://dx.doi.org/10.17654/AS051040295 |
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A STUDY OF THE BONUS-MALUS SYSTEM IN THE CASE OF THE CAR INSURANCE SECTOR IN MALI
Diabaté Lassina, Kané Ladji, Diawara Daouda and Diarra Diby
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Abstract: In insurance, a bonus-malus system is a system that adjusts the premium paid by a customer according to his individual claim history. In order to avoid the ruin of insurance companies in Mali, we conduct a study of the bonus-malus system in the case of the Malian automobile insurance sector. In particular, we give a pure premium optimization approach so that the insurance companies are financially stable. |
Keywords and phrases: bonus-malus, insurance premium, Markov Chain, Monte Carlo method. |
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