The Research of Risk Classification in Property Insurance - Applied with GLM Method
| Autor: | King-Sun Poon, 潘景燊 |
|---|---|
| Rok vydání: | 2007 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 95 It is expected that the third stage of the free-rating plan will apply in April 2008. We will introduce generalized linear models to provide property insurance companies more convenient statistic tools in rating plan. Considering the effect on rating under different risk classification and reciprocation that minimum bias method can not be considered, we find out the advantages of GLMs. The empirical data source about private auto accident insurance comes from a property company A. By the data we can conclude: 1. Estimating by GLM and minimum bias method gets similar results, and we prove that two method have the same result. 2. The difference between GLM and minimum bias method is that the effect of factors reciprocation is involved in the GLM. 3. Unlike the observed data which does not show the regular pattern, the GLM fitting results are much more smooth than the original data. 4. Minimum bias method and GLM doesn’t have coordinating relation, it is only the GLM exceptional case. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|