Insurance Pricing: Research on Experience Rating Systems: Research on Experience Rating Systems

Author: Meng Shengwang
Publisher:
Publish Date: 2004-02-01
Features: Based on academic research achievements both domestically and internationally, this book primarily studies how insurance companies adjust their renewal premiums according to the claim experience of policyholders. It focuses on a comprehensive study of the Optimal BMS system, proposing several new theoretical models. Furthermore, the application effectiveness of the theoretical actuarial models is tested using actual data from insurance companies. The results indicate that this research not only has a solid theoretical foundation but also demonstrates excellent practical validation, offering strong application value for practical departments.
The theoretical and applied research in non-life actuarial science in China is still in its initial stage of development, and as an important component, the experience rating system is particularly a weak link in this field. In non-life actuarial science, the experience rating system holds a significant position, and BMS (Bonus-Malus System) is one of the most important experience rating systems. Professor Meng Shengwang's book Insurance Pricing: A Study on the Experience Rating System takes BMS as its main focus, combined with its application in third-party liability insurance for automobiles.
Based on academic research achievements both domestically and internationally, this book primarily studies how insurance companies adjust their renewal premiums according to the claim experience of policyholders. It focuses on a comprehensive study of the Optimal BMS system, proposing several new theoretical models. Furthermore, the application effectiveness of the theoretical actuarial models is tested using actual data from insurance companies. The results indicate that this research not only has a solid theoretical foundation but also demonstrates excellent practical validation, offering strong application value for practical departments.