ASSOCIE A :. Institut de Finance Mathématique de Montréal (IFM 2). Laboratoires universitaires Bell Canada. Réseau de calcul et de modélisation mathématique [RCM 2 ]. Réseau de centres d'excellence MITACS (Les mathématiques des technologies de l'information et des systèmes complexes) Les cahiers de la série scientifique (CS) visent à rendre accessibles des résultats de recherche effectuée au CI...

With new technologies that enable insurers to electronically monitor vehicles and drivers, insurers should be able to price automobile insurance more accurately, creating individualized prices for consumers. The welfare effects of lower prices are straightforward, but we also consider that consumers have heterogeneous valuations of privacy that they may lose if they adopt the monitoring technol...

Auto insurance rates can vary dramatically; premiums are often much higher in poor and minority areas than elsewhere, even after accounting for individual characteristics, driving history, and coverage. This paper uses a unique data set to examine the relative influence of place-based socioeconomic (SES) characteristics (or “redlining”) and place-based risk factors on the place-based component ...

Article history: Received June 26, 2012 Received in Revised form August, 12, 2012 Accepted 15 September 2012 Available online September 17 2012 One of the primary concerns with data envelopment analysis arises when the number of inputs and outputs increases. In such a case, required computations will become time consuming and there is a concern on developing some hybrid methods to increase the ...

This paper is a continuation of previous paper where the imbalance dataset problem was solved by applying a proposed novel partitioning-undersampling technique. Then a proposed innovative Insurance Fraud Detection (IFD) models were designed using base-classifiers; Decision Tree, Support Vector Machine and Artificial Neural Network. This paper proposed an innovative insurance fraud detection mod...

This paper reviews theoretical and empirical literature on the measurement of the major automobile externalities, namely local pollution, global pollution, oil dependence, traffic congestion and traffic accidents. It then dicusses the rationale for traditional policies to address these externalities, including fuel taxes, fuel economy standards, emissions standards and related policies. Finally...

The property-liability insurance industry has experienced significant turmoil during the past decade. Three related issues have received enormous attention: increases in the frequency and severity of insurance company insolvencies, high and increasing costs of automobile and workers’ compensation coverage, and volatility in prices and in availability of commercial liability insurance coverage. ...

This paper focuses on techniques for constructing Bonus-Malus systems in third party liability automobile insurance. Specifically, the article presents a practical method for constructing optimal Bonus-Malus scales with reasonable penalties that can be commercially implemented. For this purpose, the symmetry between the overcharges and the undercharges reflected in the usual quadratic loss func...

Influenced by Toyota’s recent automobile recalls 2009-2010, and highlighting the importance of recalls research, this study conducts a car recalls trend analysis for the US market that is a first of its kind. The research uses secondary data from recall websites maintained by public and private organizations. The study shows recalls are a common event with the majority of recalls initiated by o...