Business Economics and Public Policy Papers

Document Type

Journal Article

Date of this Version

11-1994

Publication Source

ASTIN Bulletin: The Journal of the IAA

Volume

24

Issue

2

Start Page

287

Last Page

309

DOI

10.2143/AST.24.2.2005071

Abstract

The automobile third party insurance merit-rating systems of 22 countries are simulated and compared, using as main tools the stationary average premium level, the variability of the policyholders' payments, their elasticity with respect to the claim frequency, and the magnitude of the hunger for bonus. Principal components analysis is used to define an “Index of Toughness” for all systems.

Copyright/Permission Statement

This article has been published in a revised form in ASTIN Bulletin: The Journal of the IAA https://doi.org/10.2143/AST.24.2.2005071. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press.

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Date Posted: 27 November 2017

This document has been peer reviewed.