A note on the behavior of the insureds in auto-insurance systems in Turkey

The aim of the paper is to examine the relation between the type of bonus-malus system, accident frequency and the decision process of the insureds in auto-insurance, and show that there can be no unique heuristic rule which holds true for various bonus-malus systems and accident causing propensitie...

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Veröffentlicht in:	European journal of operational research 1998-04, Vol.106 (1), p.39-44
Hauptverfasser:	Dimitriyadis, Irini, Tekta§, Arzu
Format:	Artikel
Sprache:	eng
Schlagworte:	Accident frequency Applied sciences Auto-insurance Automobile insurance Behavior Bonus-malus systems Budget-constraint Claim limit Exact sciences and technology Insurance claims Insured's behavior Operational research and scientific management Operational research. Management science Risk theory. Actuarial science Studies
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Beschreibung
Zusammenfassung:	The aim of the paper is to examine the relation between the type of bonus-malus system, accident frequency and the decision process of the insureds in auto-insurance, and show that there can be no unique heuristic rule which holds true for various bonus-malus systems and accident causing propensities. A budget-constrained mechanism is introduced to explain possible external effects on the decision of the insureds.
ISSN:	0377-2217 1872-6860
DOI:	10.1016/S0377-2217(97)00156-2