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PRACTICAL ASPECTS OF TARIFF CALCULATION IN RISKY TYPES OF INSURANCE

B. I. Trifonov

Business Strategies, 2016, issue 3

Abstract: The most important condition for the functioning of the insurance company is a correlation between the size of the insurance premium and the amount of risk that is accepted for insurance. It is shown that the standard method of calculating insurance rate, that the regulator recommends to use, is not suitable for use in practice. The article discusses the advantages of using a generalized linear model to solve this task. It’s given the basic requirements and recommendations for its use.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aci:journl:y:2016:id:225

DOI: 10.17747/2311-7184-2016-3-5

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