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Application of Autoregressive Models for Forecasting Marine Insurance Market

Author

Listed:
  • Burcã Ana-Maria

    (Bucharest Academy of Economic Studies)

  • Bãtrînca Ghiorghe

    (Constanta Maritime University)

Abstract

The shipping industry represents an important component of the global economy. In the context of globalization the importance of marine insurance has increased more than even before. Without insurance, ship owners would be subjected to a wide range of risks that they would not be protected from. Marine insurance facilitates global trade, ensures economic property, provides peace of mind, improves quality of life and provides social benefits. Taking in consideration all these advantages, it becomes essential to analyze and forecast the evolution of the marine insurance market.

Suggested Citation

  • Burcã Ana-Maria & Bãtrînca Ghiorghe, 2013. "Application of Autoregressive Models for Forecasting Marine Insurance Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1125-1129, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1125-1129
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    Citations

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    Cited by:

    1. Aurelia Patrascu & Radu-Serban Zaharia, 2016. "Analysis On The Evolution Of Insurance Systems In Romania - The Past Five Years," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 208-213, August.
    2. Carli, Federico & Pesce, Elena & Porro, Francesco & Riccomagno, Eva, 2024. "Combination of autoregressive graphical models and time series bootstrap methods for risk management in marine insurance," Socio-Economic Planning Sciences, Elsevier, vol. 92(C).

    More about this item

    Keywords

    marine insurance; gross written premiums; ARIMA models; forecasting;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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