Bonus systems in an open portfolio

Bibliographic Details
Main Author: Centeno, Maria de Lourdes
Publication Date: 2001
Other Authors: Silva, João Andrade e
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/27615
Summary: In this paper, we study bonus systems in an open portfolio, i.e. we consider that a policyholder can transfer his policy to a different insurance company at any time. We make use of inhomogeneous Markov chains to model the system and show, under reasonable assumptions, that the stationary distribution is independent of the market shares, and is easily calculated.
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spelling Bonus systems in an open portfolioBonus SystemsMarkov ChainsStationary DistributionIn this paper, we study bonus systems in an open portfolio, i.e. we consider that a policyholder can transfer his policy to a different insurance company at any time. We make use of inhomogeneous Markov chains to model the system and show, under reasonable assumptions, that the stationary distribution is independent of the market shares, and is easily calculated.ElsevierRepositório da Universidade de LisboaCenteno, Maria de LourdesSilva, João Andrade e2023-04-11T18:45:24Z20012001-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/27615engCenteno, Maria de Lourdes and João Andrade e Silva .(2001). “Bonus systems in an open portfolio”. Insurance: Mathematics and Economics, Vol. 28, No. 3: pp. 341–350. (Search PDF in 2023)0167-6687info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:20:43Zoai:repositorio.ulisboa.pt:10400.5/27615Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:10:51.839005Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Bonus systems in an open portfolio
title Bonus systems in an open portfolio
spellingShingle Bonus systems in an open portfolio
Centeno, Maria de Lourdes
Bonus Systems
Markov Chains
Stationary Distribution
title_short Bonus systems in an open portfolio
title_full Bonus systems in an open portfolio
title_fullStr Bonus systems in an open portfolio
title_full_unstemmed Bonus systems in an open portfolio
title_sort Bonus systems in an open portfolio
author Centeno, Maria de Lourdes
author_facet Centeno, Maria de Lourdes
Silva, João Andrade e
author_role author
author2 Silva, João Andrade e
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Centeno, Maria de Lourdes
Silva, João Andrade e
dc.subject.por.fl_str_mv Bonus Systems
Markov Chains
Stationary Distribution
topic Bonus Systems
Markov Chains
Stationary Distribution
description In this paper, we study bonus systems in an open portfolio, i.e. we consider that a policyholder can transfer his policy to a different insurance company at any time. We make use of inhomogeneous Markov chains to model the system and show, under reasonable assumptions, that the stationary distribution is independent of the market shares, and is easily calculated.
publishDate 2001
dc.date.none.fl_str_mv 2001
2001-01-01T00:00:00Z
2023-04-11T18:45:24Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/27615
url http://hdl.handle.net/10400.5/27615
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Centeno, Maria de Lourdes and João Andrade e Silva .(2001). “Bonus systems in an open portfolio”. Insurance: Mathematics and Economics, Vol. 28, No. 3: pp. 341–350. (Search PDF in 2023)
0167-6687
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833601970851545088

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