Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

Generalized linear model multivariate poisson with artificial marginal (GLM-MPAM): Application of vehicle insurance

Authors: null Jamilatuzzahro; Rezzy Eko Caraka; Dedi Aprinaldy; Asma Mahadi;

Generalized linear model multivariate poisson with artificial marginal (GLM-MPAM): Application of vehicle insurance

Abstract

At vehicle insurance companies, the determination of the appropriate pure premium will make the business run well. In this study, we were modeling claims frequency data by considering the characteristics of policyholder such as policyholder’s age, marital status, sex, car engine capacity, and age. The data used in this study is a non-motor vehicle and non-truck motor vehicle insurance data, which filed claims during 2013 in a general insurance company. Explaining the significance or value of the research. We are using Generalized Linear Model Multivariate Poisson with Artificial Marginal (GLM-MPAM) to estimate model parameters. The parameter values of this model are estimated using the Maximum Likelihood Estimation method. Furthermore, the estimation result of the parameter can be alternative in the calculation of the pure premium in the next period.At vehicle insurance companies, the determination of the appropriate pure premium will make the business run well. In this study, we were modeling claims frequency data by considering the characteristics of policyholder such as policyholder’s age, marital status, sex, car engine capacity, and age. The data used in this study is a non-motor vehicle and non-truck motor vehicle insurance data, which filed claims during 2013 in a general insurance company. Explaining the significance or value of the research. We are using Generalized Linear Model Multivariate Poisson with Artificial Marginal (GLM-MPAM) to estimate model parameters. The parameter values of this model are estimated using the Maximum Likelihood Estimation method. Furthermore, the estimation result of the parameter can be alternative in the calculation of the pure premium in the next period.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    2
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!