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Automobile Insurance

Actuarial Models

  • Jean Lemaire

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Third Party Liability Automobile Insurance in the World

    1. Front Matter
      Pages 1-2
    2. Jean Lemaire
      Pages 3-15
    3. Jean Lemaire
      Pages 17-38
    4. Mary Lou O’Neil
      Pages 39-55
  3. A Priori Classification Criteria

    1. Front Matter
      Pages 63-63
    2. Jean Lemaire
      Pages 65-67
    3. Jean Lemaire
      Pages 69-70
    4. Jean Lemaire
      Pages 81-85
    5. Jean Lemaire
      Pages 87-91
    6. Jean Lemaire
      Pages 93-100
  4. A Posteriori Classification: Bonus-Malus Systems

    1. Front Matter
      Pages 115-115
    2. Jean Lemaire
      Pages 117-127
    3. Jean Lemaire
      Pages 151-156
    4. Jean Lemaire
      Pages 157-162
    5. Jean Lemaire
      Pages 163-171
    6. Jean Lemaire
      Pages 173-184
    7. Jean Lemaire
      Pages 185-192
  5. Some Statistical Methods of Evaluating Claims Provisions

    1. Front Matter
      Pages 203-203
    2. Jean Lemaire
      Pages 205-230
    3. Jean Lemaire
      Pages 231-240
  6. Back Matter
    Pages 241-249

About this book

Introduction

The mathematical theory of non-life insurance developed much later than the theory of life insurance. The problems that occur in the former field are far more intricate for several reasons: 1. In the field oflife insurance, the company usually has to pay a claim on the policy only once: the insured dies or the policy matures only once. It is with only a few particular types of policy (for instance, sickness insurance, when the insured starts working again after a period of sickness) that a valid claim can be made on a number of different occasions. On the other hand, the general rule in non-life insurance is that the policyholder is liable to be the victim of several losses (in automobile insurance, of course, but also in burglary and fire insurance, householders' comprehensive insurance, and so on). 2. In the field of life insurance, the amount to be paid by the company­ excluding any bonuses-is determined at the inception of the policy. For the various types of life insurance contracts, the sum payable on death or at maturity of the policy is known in advance. In the field of non-life insurance, the amount of a loss is a random variable: the cost of an automobile crash, the partial or totalloss of a building as a result of fire, the number and nature of injuries, and so forth.

Keywords

Mobile efficiency insurance regression regression analysis statistical method value-at-risk

Authors and affiliations

  • Jean Lemaire
    • 1
  1. 1.Université Libre de BruxellesBelgium

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-015-7708-3
  • Copyright Information Springer Science+Business Media B.V. 1985
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-90-481-5814-0
  • Online ISBN 978-94-015-7708-3
  • Series Print ISSN 0924-5014
  • Buy this book on publisher's site
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