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Experience Rating Schemes for Fleets of Vehicles*

Published online by Cambridge University Press:  29 August 2014

Denise Desjardins ,
Georges Dionne  and
Jean Pinquet
Denise Desjardins
Affiliation:
Centre de Recherche sur les Transports, Université de Montréal, C.P. 6128, Succursale Centre-ville, Montréal (Québec), Canada, H3C 3J7, email: [email protected]
Georges Dionne
Affiliation:
Ecole des Hautes Etudes Commerciales, Chaire de Gestion des Risques, 3000, chemin de la Côte-Sainte-Catherine, Montréal (Québec), Canada, H3T 2A7, email: [email protected]
Jean Pinquet
Affiliation:
U.F.R. de Sciences Economiques, Université de Paris X, 200, avenue de la République, 92001 Nanterre Cedex, France, email: [email protected]
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Abstract

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This paper proposes bonus-malus systems for fleets of vehicles, by using the individual characteristics of both the vehicles and the carriers. Bonus-malus coefficients are computed from the history of claims or from the history of safety offences of the carriers and the drivers. The empirical results are derived from a data set obtained from the Société de l'Assurance Automobile du Québec, the public insurer for bodily injuries and the regulator of road safety.

Keywords

Stratified portfolioscredibilityvehiclefleetaccidentssafety offences
Type
Workshop
Information
ASTIN Bulletin: The Journal of the IAA , Volume 31 , Issue 1 , May 2001 , pp. 81 - 105
Copyright
Copyright © International Actuarial Association 2001

Footnotes

*

The paper benefited from useful comments of two anonymous referees. This research was funded by the programme de recherche universitaire en sécurité routière of the Ministère des Transports du Québec (MTQ) and the Société de l'Assurance Automobile du Québec. The authors also acknowledge financial support from the Fédération Françhise des Sociétés d'Assurances (FFSA) and the FCAR in Quebec. They remain responsible for the errors, if any. A first version was presented at two research meetings of the FFSA and at the Risk Theory Seminar of the American Risk and Insurance Association.

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