La logique des systèmes bonus-malus en assurance automobile: une approche théorique
Dominique Henriet and
Jean Rochet
Annals of Economics and Statistics, 1986, issue 1, 133-152
Abstract:
Two justifications can be found for the use of a system of bonuses and penalties in automobile insurance. The first refers to risk selection, the second to the inducement to greater prudence at the wheel. Based on a model which incorporates both factors, it appears that the system of bonuses and penalties should be radically different depending on the primacy of one factor or the other. From the stand point of risk selection, only the observed frequence of past accidents matters; but in order to incite safe driving the time element should enter in the tarification. In the light of the theoretical discussion, the French insurance clauses of 1976 and 1984 are reviewed.
Date: 1986
References: Add references at CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
http://www.jstor.org/stable/20075597 (text/html)
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:adr:anecst:y:1986:i:1:p:133-152
Access Statistics for this article
Annals of Economics and Statistics is currently edited by Laurent Linnemer
More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().