Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution

Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution

The objective of this article is to estimate insurance claims from an auto dataset using the Tweedie and zero-adjusted inverse Gaussian (ZAIG) methods. We identify factors that influence claim size and probability, and compare the results of these methods which both forecast outcomes accurately. Veh...

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Bibliographic Details
Main Authors: Adriana Bruscato Bortoluzzo, Danny Pimentel Claro, Marco Antonio Leonel Caetano, Rinaldo Artes
Format: Article
Language:English
Published: Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) 2011-01-01
Series:BAR: Brazilian Administration Review
Subjects:
auto insurance
claim size
regression
Tweedie
ZAIG mater.
Online Access:http://www.anpad.org.br/periodicos/arq_pdf/a_1143.pdf

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