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Asignación de primas en el seguro del automóvil utilizando el Análisis en Componentes Principales Funcionales = Premium allocation in the car insurance by using Functional Principal Component Analysis

Author

Listed:
  • Segovia González, M. Manuela

    (Department of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide)

  • Guerrero Casas, Flor M.

    (Department of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide)

  • Herranz Peinado, C. Patricia

    (Department of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide)

Abstract

El estudio de las primas de riesgo en el seguro del automóvil es de suma importancia, debido a la gran competitividad existente en el mercado asegurador. En este artículo se pretende proponer un sistema de bonificación-penalización de las primas de riesgo utilizando el Análisis Funcional en Componentes Principales. En concreto, se realiza un estudio empírico con los datos reales de una compañía aseguradora con cobertura nacional. Aplicando el sistema propuesto de bonificación-penalización a los perfiles de comportamiento de los asegurados, se obtienen las primas de riesgo para cada uno de los perfiles considerados y tramos de edad. = The study of the premium risk in the car insurance is really important because the insurance market is very competitive. In this article we show a bonus-malus method of risk premiums. To do this, we use the Functional Principal Component Analysis. More precisely, we explain an empirical study with the real data of an insurance company. By applying the bonus-malus method that we have given, we are able to obtain the premium risk for different profiles and age ranges.

Suggested Citation

  • Segovia González, M. Manuela & Guerrero Casas, Flor M. & Herranz Peinado, C. Patricia, 2007. "Asignación de primas en el seguro del automóvil utilizando el Análisis en Componentes Principales Funcionales = Premium allocation in the car insurance by using Functional Principal Component Analysis," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 4(1), pages 56-74, December.
    • Handle: RePEc:pab:rmcpee:v:4:y:2007:i:1:p:56-74
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    More about this item

    Keywords

    primas; seguro del automóvil; análisis funcional en componentes principales; riesgo = Premium; car insurance; functional principal component análisis; risk;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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