1990-03-01
Optimal claim behaviour for third-party liability insurances or to claim or not to claim: that is the question
Publication
Publication
Insurance: Mathematics and Economics , Volume 9 - Issue 1 p. 59- 76
It is proved that the optimal decision rule to claim or not to claim for damage is of the form: ‘to claim for damage only if its amount exceeds a certain limit’. Optimal critical claim sizes are derived, and a sensitivity analysis is given with respect to changes in (the parameters of) the distributions of the number of claims and the claim size.
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| doi.org/10.1016/0167-6687(90)90016-7, hdl.handle.net/1765/11663 | |
| Insurance: Mathematics and Economics | |
| Organisation | Erasmus School of Economics |
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Dellaert, N., Frenk, H., & Kouwenhoven, A. (1990). Optimal claim behaviour for third-party liability insurances or to claim or not to claim: that is the question. Insurance: Mathematics and Economics, 9(1), 59–76. doi:10.1016/0167-6687(90)90016-7 |
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