On algebraic equivalence of tariffing systems (Q1094067)
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scientific article; zbMATH DE number 4024584
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| English | On algebraic equivalence of tariffing systems |
scientific article; zbMATH DE number 4024584 |
Statements
On algebraic equivalence of tariffing systems (English)
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1988
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Based on a concept of insurance form we show that the following three tariffing systems are mathematically equivalent: the model of experience rating, the over-loss risk covering and the bonus system. The equivalence is described by explicit one-to-one algebraic correspondences. As by- product a known result on self-financed insurance forms is derived very simply.
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algebraic equivalence of tariffing systems
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insurance form
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experience rating
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over-loss risk covering
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bonus system
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self-financed insurance forms
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0.7288666367530823
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0.7216812968254089
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0.7058743238449097
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0.7011812329292297
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