Auto Insurance Premium Calculation Using Generalized Linear Models

Premium Calculation and Insurance Pricing

This survey of premium calculation and insurance pricing explains classical theories and their recent generalizations, summarizes main issues and results, and describes current developments in the area.

Unisex-Calculation and Secondary Premium Differentiation in Private Health Insurance

Insurance The de facto paid premium in the (German) private health insurance depends on the insurance payments in the past (claim's experience). In case the insured does not make use of the insurance contract and accepts his health costs, he receives a defined premium refund – based on the monthly premium – the following year. The insured should therefore trade off between the premium refund an...

Stochastic Models for Pricing Weather Derivatives using Constant Risk Premium

‎Pricing weather derivatives is becoming increasingly useful‎, ‎especially in developing economies‎. ‎We describe a statistical model based approach for pricing  weather derivatives by modeling and forecasting daily average temperatures data which exhibits long-range dependence‎. ‎We pre-process the temperature data by filtering for seasonality and volatility an...

Semiconductor Yield Modeling Using Generalized Linear Models

Rating Endorsements using Generalized Linear Models

Insurance policies often contain optional insurance coverages known as endorsements. Because these additional coverages are typically inexpensive relative to primary coverages and data can be sparse (coverages are optional), rating of endorsements is often done in ad hoc manner after a primary analysis has been conducted. This paper describes a study of the Wisconsin Local Government Property I...