The Application of Bühlmann-Straub Model to the Estimation of Net Premium Rates in the Motor Third-Party Liability Insurance of Vehicle Owners

Anna Szymańska

Abstract


One of the elements used in the process of tariff calculation of premiums in motor liability insurance is a bonus-malus system. This systems takes into account the “claims ratio” by means of increases and discounts of the base premium called net premium rates. The aim of this work is to propose an estimation method of the net premium rates in the groups of the motor third-party liability insurance portfolio of individuals. One of the maximum likelihood models, called the Bühlmann-Straub model was used for the premium estimation.


Keywords


credibility theory; Bühlmann-Straub model; bonus-malus system; net premium rates; motor third-party liability insurance

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References


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DOI: http://dx.doi.org/10.17951/h.2016.50.4.497
Date of publication: 2017-02-20 17:31:15
Date of submission: 2016-05-29 12:07:35


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