Economic Indicators for automobile claim frequencies

Eva Boj, M. Mercè Claramunt, Anna Castañer, Teresa Costa and Oriol Roch ()

Estudios de Economia, 2019, vol. 46, issue 2, 245-271

Abstract: This article examines the relationship between observed claim frequencies in the automobile insurance line and the evolution of selected economic magnitudes. From a variety of economic variables, we aim to identify the main factors affecting claim frequencies, while controlling for other legislative and demographic factors. Through a dynamic regression model, the analysis is conducted for three different categories of vehicles and for a variety of coverages. A comprehensive dataset from the main Spanish insurance companies is used to calibrate the model. The evidence might assist companies to improve ratemaking.

Keywords: Categories of vehicles; dynamic regression; external predictors; motor insurance; time series (search for similar items in EconPapers)
JEL-codes: C10 C53 E32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:udc:esteco:v:46:y:2019:i:1:p:245-271

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