When modelling insurance claim count data, the actuary often observes overdispersion and an excess of zeros that may be caused by unobserved heterogeneity. A common approach to accounting for overdispersion is to consider models with some overdispersed distribution as opposed to Poisson models....

Kfz-Versicherungen können durch aktives Schadenmanagement die Kosten senken sowie die Kundenzufriedenheit und Kundenbindung steigern. Dies gilt auch im Rahmen des betrieblichen Flottenmanagements, das in diesem Beitrag behandelt wird. Vor diesem Hintergrund ist es wichtig, die Kundenerwartungen...

We analyzed real telematics information for a sample of drivers with usage-based insurance policies. We examined the statistical distribution of distance driven above the posted speed limit—which presents a strong positive asymmetry-using quantile regression models. We found that, at different...

Predictive modeling is a key technique in auto insurance rate-making and the decision-making involved in the review of rate filings. Unlike an approach based on hypothesis testing, the results from predictive modeling not only serve as statistical evidence for decision-making, they also discover...