{"title":"Bonus-Malus System in Iran: An Empirical Evaluation","authors":"R. Mahmoudvand, A. Edalati, Farhad Shokoohi","doi":"10.6339/JDS.2013.11(1).1098","DOIUrl":null,"url":null,"abstract":"The aim of this paper is to represent the Bonus-Malus System (BMS) of Iran, which is a mandatory scheme based on Insurance act num- ber 56. We examine the current Iranian BMS, using various criteria such as elasticity and time of convergence to steady state with respect to the claim frequency as well as nancial balance. We also nd the closed form of stationary distribution of the Iranian BMS that plays a key role in study of BMSs. Moreover, we compare the results with the German and Japan BMS. Finally we give some hints that can be used to improve the performance of the current Iranian BMS.","PeriodicalId":73699,"journal":{"name":"Journal of data science : JDS","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of data science : JDS","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.6339/JDS.2013.11(1).1098","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
The aim of this paper is to represent the Bonus-Malus System (BMS) of Iran, which is a mandatory scheme based on Insurance act num- ber 56. We examine the current Iranian BMS, using various criteria such as elasticity and time of convergence to steady state with respect to the claim frequency as well as nancial balance. We also nd the closed form of stationary distribution of the Iranian BMS that plays a key role in study of BMSs. Moreover, we compare the results with the German and Japan BMS. Finally we give some hints that can be used to improve the performance of the current Iranian BMS.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
