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An Integrated System for Estimating the Risk Premium of Individual Car Models in Motor Insurance*

Published online by Cambridge University Press:  29 August 2014

Malcolm Campbell
Malcolm Campbell*
Affiliation:
Skandia International, Stockholm
*
Skandia International, Box 7693, S-103 95 Stockholm, Sweden.
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Abstract

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The estimation of risk premium for individual car models is discussed. Cluster analysis is used to identify groups of car models with similar technical attributes. Credibility theory is used to combine estimates of risk premium from individual car model claim statistics, group claim statistics, and a technical assessment carried out by car experts. The procedure is applied to a small set of car models.

Keywords

Credibilitymotor insurancecluster analysisrisk premium
Type
Workshop
Information
ASTIN Bulletin: The Journal of the IAA , Volume 16 , Issue 2 , November 1986 , pp. 165 - 183
Copyright
Copyright © International Actuarial Association 1986

Footnotes

*

A previous version of this paper was presented to the Astin Colloquium at Biarritz, France.

References

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