Optimal claim behaviour for vehicle damage insurances
June 1993
Article
pp 225-244.
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In this paper we analyse the optimal claim behaviour of a risk sensitive policy holder having a vehicle damage insurance. It is proved that the optimal decision is of the form: to claim for damages only if its amount exceeds a certain limit. Moreover, we also derive the optimal stopping rule to terminate the insurance. Finally, some computational results are presented.
Keywords
Automatically Extracted Terms
- policy holder
- claim
- policy
- holder
- insurance
- damage
- vehicle damage insurance
- claim sizes
- table
- decision
- combination
- claim behaviour
- premium
- subperiod
- vehicle
- value
- bonus-malu
- accident
- insurance year
- model
