What is a Sports Car?

Jean-François Ingenbleek and Jean Lemaire

ASTIN Bulletin, 1988, vol. 18, issue 2, 175-187

Abstract: Principal component analysis is employed to construct a new formula defining ‘sports cars’, a classification variable commonly used by Belgian insurers in motor insurance. Five hundred and eighty-one different car models were used in the design of the formula. It is based solely on the cars' technical characteristics and hence does not rely on the subjective opinion of experts; the resulting classification is independent of units of measurement employed. Thus the definition is suitable for application world-wide.

Date: 1988
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