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A Review of the Scope for Using Claims Histories of Individual Policies in Risk Assessment

Published online by Cambridge University Press:  18 August 2016

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Extract

The aim of this paper is to review some of the theoretical and practical questions associated with experience rating in motor insurance, with particular reference to the no claim discount (NCD) systems widely used in the United Kingdom. We shall describe some work carried out in one U.K. insurance office which has in force about 650,000 private motor car policies each covering a single vehicle.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 97 , Issue 2-3 , December 1971 , pp. 202 - 249
Copyright
Copyright © Institute and Faculty of Actuaries

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References

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