The Application of Bűhlmann-Straub Model to the Estimation of Net Premium Rates Depending on the Age of the Insured in the Motor Third Liability Insurance

Szymańska Anna ()
Additional contact information
Szymańska Anna: Department of Statistical Methods, University of Lodz, ; Lodz, ; Poland

Statistics in Transition New Series, 2017, vol. 18, issue 1, 151-165

Abstract: One of the basic variables used in the process of tariff calculation of premiums in motor liability insurance is the age of the insured. In this type of insurance offered by insurers operating on the Polish market, this variable is taken into account in the ratemaking by discounts and increases in assigned premium, known as the net premiums rates. The aim of this work is to propose a method of rate estimation of net premiums in the groups of the motor third liability insurance portfolio of individuals created by the age of the insured. For the premium estimation, one of the maximum likelihood models, called the Bűhlmann-Straub model, was used.

Keywords: a posteriori ratemaking; credibility theory; premium for a group of insurance contracts; motor third liability insurance (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.21307/stattrans-2016-063 (text/html)

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:vrs:stintr:v:18:y:2017:i:1:p:151-165:n:1

DOI: 10.21307/stattrans-2016-063

Access Statistics for this article

Statistics in Transition New Series is currently edited by Włodzimierz Okrasa

More articles in Statistics in Transition New Series from Statistics Poland
Bibliographic data for series maintained by Peter Golla ().