On the Bonus Malus System for automobile insurance in Singapore.

A study of the bonus malus systems, looking specifically at three countries namely Singapore, Luxembourg and Denmark forms the subject of this project. By exploring the average premium income for the bonus malus system under a new set of transition rules, we have attempted to explore the various asp...

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Bibliographic Details
Main Authors: Chin, Su Ann., Tee, Yu Shiang., Tan, Gay Siong.
Other Authors: Doray, Louis Guy
Format: Final Year Project (FYP)
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/10782
Description
Summary:A study of the bonus malus systems, looking specifically at three countries namely Singapore, Luxembourg and Denmark forms the subject of this project. By exploring the average premium income for the bonus malus system under a new set of transition rules, we have attempted to explore the various aspects of the system with a view to identifying means by which an `optimal’ bonus malus system could be achieved.