PREMIUM DETERMINATION OF VEHICLE INSURANCE USING BONUSMALUS SYSTEM

Jesandra, Jesandra (2019) PREMIUM DETERMINATION OF VEHICLE INSURANCE USING BONUSMALUS SYSTEM. Undergraduate thesis, UNDIP.

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Abstract

This Thesis discusses the premium of non-life insurance for vehicle using BonusMalus System. The calculation of this premium based on the history of the policyholder. From the policyholder point of view, premium has been discussed is fair, because the payment on the extension of policy proportional to the estimated frequency of the claim. Meanwhile, from the company point of view, there will be a financial balance. Premium calculated based on the Bayes Theorem. The result of this Final Test concluded that the more frequent accidents occur, the higher the premiums imposed on policyholders for the next period premium payment. While the premium always decreases if there are no accidents that occur in each period of coverage.

Item Type:Thesis (Undergraduate)
Subjects:Q Science > QA Mathematics
Divisions:Faculty of Science and Mathematics > Department of Mathematics
ID Code:84229
Deposited By:Admin Departemen Matematika
Deposited On:11 Jun 2022 19:59
Last Modified:11 Jun 2022 19:59

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