A Logistic Regression Based Auto Insurance Rate-Making Model Designed for the Insurance Rate Reform
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Bailey, Robert A. & Simon, LeRoy J., 1960. "Two Studies in Automobile Insurance Ratemaking," ASTIN Bulletin, Cambridge University Press, vol. 1(4), pages 192-217, December.
- Greene, William, 2008. "Functional forms for the negative binomial model for count data," Economics Letters, Elsevier, vol. 99(3), pages 585-590, June.
- McCullagh, Peter, 1984. "Generalized linear models," European Journal of Operational Research, Elsevier, vol. 16(3), pages 285-292, June.
- Rainer Winkelmann, 2004.
"Co‐payments for prescription drugs and the demand for doctor visits – Evidence from a natural experiment,"
Health Economics, John Wiley & Sons, Ltd., vol. 13(11), pages 1081-1089, November.
- Rainer Winkelmann, 2003. "Co-Payments for Prescription Drugs and the Demand for Doctor Visits - Evidence from a Natural Experiment," SOI - Working Papers 0307, Socioeconomic Institute - University of Zurich.
- Michael Hoy, 1982. "Categorizing Risks in the Insurance Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(2), pages 321-336.
- David Mihaela & Jemna Dănuţ-Vasile, 2015. "Modeling the Frequency of Auto Insurance Claims by Means of Poisson and Negative Binomial Models," Scientific Annals of Economics and Business, Sciendo, vol. 62(2), pages 151-168, July.
- Crocker, Keith J & Snow, Arthur, 1986. "The Efficiency Effects of Categorical Discrimination in the Insurance Industry," Journal of Political Economy, University of Chicago Press, vol. 94(2), pages 321-344, April.
- Yip, Karen C.H. & Yau, Kelvin K.W., 2005. "On modeling claim frequency data in general insurance with extra zeros," Insurance: Mathematics and Economics, Elsevier, vol. 36(2), pages 153-163, April.
- Denuit, Michel & Lang, Stefan, 2004. "Non-life rate-making with Bayesian GAMs," Insurance: Mathematics and Economics, Elsevier, vol. 35(3), pages 627-647, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Shengkun Xie, 2019. "Defining Geographical Rating Territories in Auto Insurance Regulation by Spatially Constrained Clustering," Risks, MDPI, vol. 7(2), pages 1-20, April.
- Šoltés Erik & Zelinová Silvia & Bilíková Mária, 2019. "General Linear Model: An Effective Tool For Analysis Of Claim Severity In Motor Third Party Liability Insurance," Statistics in Transition New Series, Statistics Poland, vol. 20(4), pages 13-31, December.
- Jennifer S. K. Chan & S. T. Boris Choy & Udi Makov & Ariel Shamir & Vered Shapovalov, 2022. "Variable Selection Algorithm for a Mixture of Poisson Regression for Handling Overdispersion in Claims Frequency Modeling Using Telematics Car Driving Data," Risks, MDPI, vol. 10(4), pages 1-10, April.
- Shengkun Xie & Anna T. Lawniczak, 2018. "Estimating Major Risk Factor Relativities in Rate Filings Using Generalized Linear Models," IJFS, MDPI, vol. 6(4), pages 1-14, October.
- Erik Šoltés & Silvia Zelinová & Mária Bilíková, 2019. "General Linear Model: An Effective Tool For Analysis Of Claim Severity In Motor Third Party Liability Insurance," Statistics in Transition New Series, Polish Statistical Association, vol. 20(4), pages 13-31, December.
- Leunglung Chan, 2018. "Editorial for Special Issue “Finance, Financial Risk Management and their Applications”," IJFS, MDPI, vol. 6(4), pages 1-3, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- David Mihaela & Jemna Dănuţ-Vasile, 2015. "Modeling the Frequency of Auto Insurance Claims by Means of Poisson and Negative Binomial Models," Scientific Annals of Economics and Business, Sciendo, vol. 62(2), pages 151-168, July.
- Lisa Posey & Abdullah Yavas, 2007.
"Screening equilibria in experimental markets,"
The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(2), pages 147-167, December.
- Lisa L. Posey & Abdullah Yavas, 2007. "Screening equilibria in experimental markets," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 32(2), pages 147-167, December.
- Georges Dionne & Casey G. Rothschild, 2011.
"Risk Classification in Insurance Contracting,"
Cahiers de recherche
1137, CIRPEE.
- Dionne, Georges & Rothschild, Casey, 2012. "Risk classification in insurance contracting," Working Papers 11-5, HEC Montreal, Canada Research Chair in Risk Management.
- Finkelstein, Amy & Poterba, James & Rothschild, Casey, 2009.
"Redistribution by insurance market regulation: Analyzing a ban on gender-based retirement annuities,"
Journal of Financial Economics, Elsevier, vol. 91(1), pages 38-58, January.
- Amy Finkelstein & James Poterba & Casey Rothschild, 2006. "Redistribution by Insurance Market Regulation: Analyzing a Ban on Gender-Based Retirement Annuities," NBER Working Papers 12205, National Bureau of Economic Research, Inc.
- Dardanoni, Valentino & Li Donni, Paolo, 2012.
"Incentive and selection effects of Medigap insurance on inpatient care,"
Journal of Health Economics, Elsevier, vol. 31(3), pages 457-470.
- Valentino Dardanoni & Paolo Li Donni, 2012. "Incentive and Selection Effects of Medigap Insurance on Inpatient Care," EIEF Working Papers Series 1203, Einaudi Institute for Economics and Finance (EIEF), revised Feb 2012.
- Michael Hoy & Michael Ruse, 2005. "Regulating Genetic Information in Insurance Markets," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 8(2), pages 211-237, September.
- Georges Dionne & Casey Rothschild, 2014.
"Economic Effects of Risk Classification Bans,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 39(2), pages 184-221, September.
- Georges Dionne & Casey G. Rothschild, 2014. "Economic Effects of Risk Classification Bans," Cahiers de recherche 1420, CIRPEE.
- Dionne, Georges & Rothschild, Casey, 2014. "Economic Effects of Risk Classification Bans," Working Papers 14-4, HEC Montreal, Canada Research Chair in Risk Management.
- Keith J. Crocker & Nan Zhu, 2021. "The efficiency of voluntary risk classification in insurance markets," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(2), pages 325-350, June.
- Dionne, G. & Doherty, N., 1991.
"Adverse Selection in Insurance Markets: a Selective Survey,"
Cahiers de recherche
9105, Universite de Montreal, Departement de sciences economiques.
- Dionne, G. & Doherty, N., 1991. "Adverse Selection In Insurance Markets: A Selective Survey," Cahiers de recherche 9105, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Filipova-Neumann, Lilia & Hoy, Michael, 2014. "Managing genetic tests, surveillance, and preventive medicine under a public health insurance system," Journal of Health Economics, Elsevier, vol. 34(C), pages 31-41.
- Tzougas, George & Hoon, W. L. & Lim, J. M., 2019. "The negative binomial-inverse Gaussian regression model with an application to insurance ratemaking," LSE Research Online Documents on Economics 101728, London School of Economics and Political Science, LSE Library.
- Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
- Michael Hoy & Peter Lambert, 2000.
"Genetic Screening and Price Discrimination in Insurance Markets,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 25(2), pages 103-130, December.
- Michael Hoy & Peter Lambert, "undated". "Genetic Screening and Price Discrimination in Insurance Markets," Discussion Papers 99/25, Department of Economics, University of York.
- Schwarze, Reimund & Wein, Thomas, 2005.
"Is the market classification of risk always efficient? Evidence from German third party motor insurance,"
German Risk and Insurance Review (GRIR), University of Cologne, Department of Risk Management and Insurance, vol. 1(4), pages 173-202.
- Schwarze, Reimund & Wein, Thomas, 2005. "Is the market classification of risk always efficient? evidence from german third party motor insurance," LSE Research Online Documents on Economics 36104, London School of Economics and Political Science, LSE Library.
- Reimund Schwarze & Thomas Wein, 2005. "Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance," Working Paper Series in Economics 3, University of Lüneburg, Institute of Economics.
- Luigi Biagini & Simone Severini, 2021. "The role of Common Agricultural Policy (CAP) in enhancing and stabilising farm income: an analysis of income transfer efficiency and the Income Stabilisation Tool," Papers 2104.14188, arXiv.org.
- Pau Olivella & Fred Schroyen, 2014.
"Multidimensional Screening in a Monopolistic Insurance Market,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 39(1), pages 90-130, March.
- Olivella, Pau & Schroyen, Fred, 2011. "Multidimensional screening in a monopolistic insurance market," Discussion Paper Series in Economics 19/2011, Norwegian School of Economics, Department of Economics.
- Pau Olivella & Fred Schroyen, 2012. "Multidimensional Screening in a Monopolistic Insurance Market," Working Papers 619, Barcelona School of Economics.
- OLIVELLA, Pau & SCHROYEN, Fred, 2011. "Multidimensional screening in a monopolistic insurance market," LIDAM Discussion Papers CORE 2011056, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- George Tzougas, 2020. "EM Estimation for the Poisson-Inverse Gamma Regression Model with Varying Dispersion: An Application to Insurance Ratemaking," Risks, MDPI, vol. 8(3), pages 1-23, September.
- Katrien Antonio & Emiliano Valdez, 2012. "Statistical concepts of a priori and a posteriori risk classification in insurance," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 96(2), pages 187-224, June.
- Mattias K. Polborn, 2008. "Endogenous Categorization in Insurance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(6), pages 1095-1113, December.
- Georges Dionne & Ying Liu, 2021.
"Effects of Insurance Incentives on Road Safety: Evidence from a Natural Experiment in China,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 453-477, April.
- Dionne, Georges & Liu, Ying, 2017. "Effects of Insurance Incentives on Road Safety: Evidence from a Natural Experiment in China," Working Papers 17-1, HEC Montreal, Canada Research Chair in Risk Management, revised 15 Oct 2019.
More about this item
Keywords
auto insurance; claim frequency; logistic regression model;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijfss:v:6:y:2018:i:1:p:18-:d:130591. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.