A Markov chain based no-claim-discount system

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Please use this identifier to cite or link to this item: https://repository.iimb.ac.in/handle/123456789/635

DC Field	Value	Language
dc.contributor.author	Das, Shubhabrata	en_US
dc.contributor.author	Basu, Sankarshan	en_US
dc.date.accessioned	2012-07-26T11:27:42Z	-
dc.date.accessioned	2016-01-01T07:15:07Z	-
dc.date.accessioned	2019-05-27T08:37:37Z	-
dc.date.available	2012-07-26T11:27:42Z	-
dc.date.available	2016-01-01T07:15:07Z	-
dc.date.available	2019-05-27T08:37:37Z	-
dc.date.copyright	2003	en_US
dc.date.issued	2003	-
dc.identifier.other	WP_IIMB_211	-
dc.identifier.uri	http://repository.iimb.ac.in/handle/123456789/635	-
dc.description.abstract	In automobile insurance, among other general insurance policies, it is quite common to reduce the premium by a factor in case the insured does not make any claim in a given period. This is popularly known as NCD or no-claim-discount. Equally popular is the practice of increasing (known as 'loading') the premium, in case a claim is made. In effect, either system amounts to a multi-layer premium policy, where any particular policyhoder is required to pick the level depending on the history of claims (s)he made in the immediate past few years.	-
dc.language.iso	en	en_US
dc.publisher	Indian Institute of Management Bangalore	-
dc.relation.ispartofseries	IIMB Working Paper-211	-
dc.subject	No-claim-discount	-
dc.subject	Discrete time parameter	-
dc.subject	Markov chain	-
dc.subject	Transition probability	-
dc.title	A Markov chain based no-claim-discount system	en_US
dc.type	Working Paper	-
dc.pages	12p.	-
dc.identifier.accession	E23125	-
Appears in Collections:	2003

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