Optimal Claiming Strategies in Bonus Malus Systems and Implied Markov Chains
In this paper, we investigate the impact of the accident reporting strategy of drivers, within a Bonus-Malus system. We exhibit the induced modification of the corresponding class level transition matrix and derive the optimal reporting strategy for rational drivers. The hunger for bonuses induces o...
Main Authors: | Arthur Charpentier, Arthur David, Romuald Elie |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2017-11-01
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Series: | Risks |
Subjects: | |
Online Access: | https://www.mdpi.com/2227-9091/5/4/58 |
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