The impact of the bonus-malus system on the insurance ratemaking in the system of compulsory insurance of the responsibility of transport owners in Russia

Aleksander Tsyganov (), Valery Baskakov (), Andrey Yazykov (), Nikolay Sheparnev (), Evgeny Yanenko () and Yulia Grysenkova ()
Additional contact information
Aleksander Tsyganov: Financial University under the Government of the Russian Federation, Moscow, Russian Federation
Valery Baskakov: International Actuarial Advisory Company, Moscow, Russian Federation
Andrey Yazykov: Financial University under the Government of the Russian Federation, Moscow, Russian Federation
Nikolay Sheparnev: International Actuarial Advisory Company, Moscow, Russian Federation
Evgeny Yanenko: International Actuarial Advisory Company, Moscow, Russian Federation
Yulia Grysenkova: Financial University under the Government of the Russian Federation, Moscow, Russian Federation

Applied Econometrics, 2019, vol. 56, 123-141

Abstract: The existing system for calculating the bonus-malus coefficient was adopted 15 years ago and has not been tested for many years from the point of view of its mathematical influence on the ratemaking in the system of compulsory motor third party liability insurance. The study showed that the bonus-malus system in force in 2018 is not balanced. In the work, the factors influencing the calculation of the bonus-malus coefficient are investigated, three alternative models for calculating this coefficient are proposed and justified.

Keywords: Insurance; motor insurance; insurance rate; bonus-malus; actuarial calculations; generalized linear model (search for similar items in EconPapers)
JEL-codes: C52 G22 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://pe.cemi.rssi.ru/pe_2019_56_123-141.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0384

Access Statistics for this article

Applied Econometrics is currently edited by Anatoly Peresetsky

More articles in Applied Econometrics from Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Bibliographic data for series maintained by Anatoly Peresetsky ().