On automobile insurance ratemaking
نویسندگان
چکیده
منابع مشابه
Statistical Learning Algorithms Applied to Automobile Insurance Ratemaking
We recently conducted a research project for a large North American automobile insurer. This study was the most exhaustive ever undertaken by this particular insurer and lasted over an entire year. We analyzed the discriminating power of each variable used for ratemaking. We analyzed the performance of several models within five broad categories: linear regressions, generalized linear models, d...
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Insurance claims have deductibles, which must be considered when pricing for insurance premium. Deductibles may cause censoring and truncation to the frequencies, severities, and peril types of observed insurance claims. In practice, the regression approach is often used with deductible amount included as an explanatory variable inside a frequency-severity model, so that the resulting coefficie...
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We show how data collected from a GPS device can be incorporated in motor insurance ratemaking. The calculation of premium rates based upon driver behaviour represents an opportunity for the insurance sector. Our approach is based on count data regression models for frequency, where exposure is driven by the distance travelled and additional parameters that capture characteristics of automobile...
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Research on insurer management of opportunism in claiming has developed in two parallel literatures. One is a theoretical literature on insurance contracting that yields predictions about the nature of optimal auditing strategies for the deterrence of fraud. The other is a literature based upon statistical analysis of claims that yields empirical strategies for the detection of fraudulent claim...
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A Bayesian Updating Approach to Crop Insurance Ratemaking by Stephen Milton Stohs Doctor of Philosophy in Agricultural and Resource Economics University of California, Berkeley Professor Peter Berck, Chair The U.S. government operates the multiple peril crop insurance (MPCI) program to provide farmers with comprehensive protection against yield risk due to weather-related causes of loss and cer...
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ژورنال
عنوان ژورنال: ASTIN Bulletin
سال: 1968
ISSN: 0515-0361,1783-1350
DOI: 10.1017/s0515036100002191