ABOUT THE BOOK

Text divided in 4 parts – Part 1 (chapter 1 to 3) provides an introduction to the book and presents the major probability distributions usually advocated to represent the number of claims. Part 2 (chapter 4 to 9) is a comparison of most of the BMS currently in force around the world. Thirty different systems, from twenty-two countries, are simulated, under the Poisson assumption. The main goal of the part is to rank all systems according to an Index of Toughness. Part 3 (chapter 10 to 14) aims at constructing an ideal or optimal system, defined as a BMS that is obtained with Bayesian analysis. Part 4 (chapter 14 and 15) author investigate the consequences of the introduction of a straight deductible and compare them to bonus-malus rating.