A STATISTICAL MODEL FOR THE COSTS OF PASSENGER CAR TRAFFIC ACCIDENTS

B. S. van der Laan and A. S. Louter

No 272296, Econometric Institute Archives from Erasmus University Rotterdam

Abstract: The total costs of damage caused by passenger car traffic accidents per distance interval of an individual motorist can be split into two components: the number of accidents which occur to the motorist, and the amount of damage associated with these accidents. In our study we present a probability model for the number of accidents of an individual motorist. We also discuss models, on empirical results, for the amount of damage. The integration of both models results in a general model for the costs of damage. From this general model we derive a model for the costs of indemnity to be paid by car insurance companies. The models are applied to a sample of Dutch car insurance data.

Keywords: Financial Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 35
Date: 1985-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eureia:272296

DOI: 10.22004/ag.econ.272296

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