English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113822/144841 (79%)
Visitors : 51789261      Online Users : 709
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/111650


    Title: THE USE OF ANNUAL MILEAGE AS A RATING VARIABLE
    Authors: Lemaire, Jean;Park, Sojung Carol;Wang, Kili C.
    汪琪玲
    Contributors: 風險與保險研究中心
    Keywords: Auto liability insurance;Rating variables;Annual mileage
    Date: 2015-10
    Issue Date: 2017-08-07 17:41:03 (UTC+8)
    Abstract: Auto insurance companies must adapt to ever-evolving regulations and technological progress. Several variables commonly used to predict accidents rates, such as gender and territory, are being questioned by regulators. Insurers are pressured to find new variables that predict accidents more accurately and are socially acceptable. Annual mileage seems an ideal candidate. The recent development in new technologies should induce insurance carriers to explore ways to introduce mileage-based insurance premiums. We use the unique database of a major insurer in Taiwan to investigate whether annual mileage should be introduced as a rating variable in auto third-party liability insurance. We find that annual mileage is an extremely powerful predictor of the number of claims at-fault. The inclusion of mileage as a new variable should, however, not take place at the expense of bonus-malus systems; rather, the information contained in the bonus-malus premium level complements the value of annual mileage. An accurate rating system should therefore include annual mileage and bonus-malus as the two main building blocks, possibly supplemented by the use of other variables like age, territory and engine cubic capacity. While Taiwan has specific characteristics (high traffic density, a mild bonus-malus system and limited compulsory auto coverage), our results are so strong that we can confidently conjecture that they extend to all developed nations. © 2015 by Astin Bulletin. All rights reserved.
    Relation: ASTIN Bulletin, 46(1), 39-69
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1017/asb.2015.25
    DOI: 10.1017/asb.2015.25
    Appears in Collections:[風險管理與保險學系] 期刊論文

    Files in This Item:

    File SizeFormat
    asb.2015.25.pdf283KbAdobe PDF2349View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback