Premium Forecasting of an Insurance Company: Automobile Insurance

Preprint OPEN
Fouladvand, M. Ebrahim; Darooneh, Amir H.;
  • Subject: Quantitative Finance - Pricing of Securities | Condensed Matter - Statistical Mechanics

We present an analytical study of an insurance company. We model the company's performance on a statistical basis and evaluate the predicted annual income of the company in terms of insurance parameters namely the premium, total number of the insured, average loss claim... View more
  • References (9)

    1 J.P. Bouchaud and M. Potters, Theory of Finantial Risks, Cambridge University Press, Cambridge, (2000).

    2 R. Mantegna and H.E. Stanely, An Introduction to Econophysics, Cambridge University Press, Cambridge, (2000).

    3 D. Chowdhurry, L. Santen and A. Schadschneider, Physics Report, 329, 199 (2000); D. Helbing, Rev. Mod. Phys, 73, 1067 (2001).

    4 G. Ottaviani (Ed.) Financial Risk in Insurance, Springer Verlag,(1995).

    5 A. Klugman, H.H. Panjer and G.E. Willmot in Loss Models : from data to decisions, Wiley-Interscience (1998).

    6 C.D. Daykin, T. Penticainen and M. Pesonen in Practical Risk Theory for Actuary , CRC Press, (1994).

    7 E. Straub, Non-Life Insurance Mathematics, Swiss Assisiation of Actuaries, Zu¨rich, (1997).

    8 S. Kotz and N.L Johonson, Encyclopedia of Statistisc Sciences, vol 3, 292 (1983).

    9 L.E. Reichel, A Modern Course in Statistical Physics , Edward Arnolds (Publishers) LTD, Great Britain (1980).

  • Metrics
Share - Bookmark