CHAID Algorithm Applied in a Post-rating and Managing the Business-Risk Insurance Contracts

Assia Khenoussi ()
Additional contact information
Assia Khenoussi: Kolea University pole

Chapter Chapter 20 in Advances in Empirical Economic Research, 2023, pp 327-340 from Springer

Abstract: Abstract The industrial risks of non-life insurance are especially affected by severe claims. The study was conducted on a sample of 742 insurance policies (Business and Industrial Risks Contracts) provided by one Algerian insurance company covering a period of 6 years (2009–2014). The contribution of this work is manifested in the application of the CHAID algorithm in the management and pricing of commercial insurance contracts in order to identify the combinations of guarantees and the characteristics of the contracts which determine the classification of new contracts, depending on the class and severity of the risk or, in other words, is to propose an internal management model and a posteriori pricing model for “Corporate-Risk Insurance.”

Keywords: Industrial risks; Risk management; Internal model; Decision tree; CHAID algorithm; C38; G22 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-22749-3_20

Ordering information: This item can be ordered from
http://www.springer.com/9783031227493

DOI: 10.1007/978-3-031-22749-3_20

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().