In order to determine a suitable automobile insurance policy premium, one needs take into account three factors: the risk associated with drivers and cars on policy, operational costs management of desired profit margin. The premium should then be some function these values. We focus assessment using data science approach. Instead traditional frequency severity metrics, we instead predict total...

The article tests the hypothesis that insurance price subsidies created by rate regulation lead to higher insurance cost growth. The article makes use of data from the Massachusetts private passenger automobile insurance market, where cross-subsidies were explicitly built into the rate structure through rules that limit rate differentials and differences in rate increases across driver rating c...

This work describes statistical modeling of detailed, micro-level automobile insurance records. We consider 1993-2001 data from a major insurance company in Singapore. By detailed micro-level records, we refer to experience at the individual vehicle level, including vehicle and driver characteristics, insurance coverage and claims experience, by year. The claims experience consists of detailed ...