A comprehensive auto insurance policy usually provides the broadest protection for most common events which policyholder would file a claim. On other hand, some insurers offer extended third-party car to adapt personal needs of every policyholder. The extra coverage includes cover against fire, natural hazards, theft, windscreen repair, and legal expenses, among coverages that apply specific ma...

We propose a hierarchical random effect model for the posterior insurance ratemaking of vehicles belonging to fleet by allowing effects fleet, vehicle, and time. The is an alternative gamma-Dirichlet Angers et al (2018), which does not allow closed form formula. Our theoretical extension derives simple tractable formula based on specification. estimate corresponding econometric compute premiums in...

While both zero-inflation and the unobserved heterogeneity in risks are prevalent issues modeling insurance claim counts, determination of Bayesian credibility premium counts with these features often demanding due to high computational costs associated a use MCMC. This article explores way approximate for claims frequency that follows zero-inflated Poisson distribution via variational Bayes ap...

This paper analyses the willingness-to-pay (WTP) of forest owners for insurance against natural hazards such as fire. The objective is to identify the determinants of forest owner’s participation to insurance and insurance demand. In particular, we are interested in the impact of different types of public compensation: fixed help, contingent fixed help and insurance subsidy. We also analyse the...