Insurance is an important thing to have if there a risk of something detrimental happening. regulated in laws and regulations. In addition, setting fire insurance policies based on applicable legal norms will create certainty for the parties involved agreement. Normative research which often also called doctrinal focuses activities carried out by examining literature secondary data form primary...

For a typical insurance portfolio, the claims process for short period, typically one year, is characterized by observing frequency of together with associated severities. The collective risk model describes this portfolio as random sum aggregation claim amounts. In classical framework, simplicity, and severities are assumed to be mutually independent. However, there growing interest in relaxin...

The presence of fire insurance products offered by companies to the public is provide protection and guarantee for loss or damage property caused fire. segmenting model marketing strategy includes dominant applied market products. People who have a low high level risk are target market. In application this strategy, although it has been effective successful in products, there still obstacles th...

The global insurance industry provides investment and supportive insurance services such as: motor/vehicle, fire, home, personal accident, product liability, public liability and professional indemnity. These services are very beneficial to private individuals and companies and critically depend on the actual factors and risks involved in the insurance policy. There are risks involved in taking...

This paper examines an integrated ratemaking scheme including a priori risk classification and a posteriori experience rating. In order to avoid the high penalties implied by the quadratic loss function, the symmetry between the overcharges and the undercharges is broken by introducing parametric loss functions of exponential type.