Analysis of the No-Claim Discount system and the proposed modification: a case study in Malaysia

• Main Authors: Haslifah Hashim,, Nurin Haniah Asmuni,
• Format: Article
• Published: Penerbit ukm 2009
• Online Access: http://journalarticle.ukm.my/1932/; http://www.ukm.my/~ppsmfst/jqma/index.html

The No-Claim Discount (NCD) is a system that adjusts the premium paid by policyholders according to their individual insurance claim history. The current NCD system in Malaysia is not protecting good drivers more than bad drivers. Good drivers, who are in the maximum discount group are being pena...