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Economic indicators for automobile claim frequencies

M. Mercè Claramunt

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.

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The article was received on Thu, 31 Jan 2019, accepted on Sat, 31 Aug 2019, and published on .

Copyright & License

Este es un artículo publicado en acceso abierto bajo una licencia Creative Commons

Author

Eva Boj

Department of Economic, Financial and Actuarial Mathematics, University of Barcelona. Spain, Spain

Author

Anna Castañer

Department of Economic, Financial and Actuarial Mathematics, University of Barcelona. Spain, Spain

Author

M. Mercè Claramunt

Department of Economic, Financial and Actuarial Mathematics, University of Barcelona. Spain, Spain

Author

Teresa Costa

Department of Economic, Financial and Actuarial Mathematics, University of Barcelona. Spain, Spain

Author

Oriol Roch

Department of Economic, Financial and Actuarial Mathematics, University of Barcelona. Spain, Spain