Estimating Territory Risk Relativity Using Generalized Linear Mixed Models and Fuzzy <i>C</i>-Means Clustering

Estimating Territory Risk Relativity Using Generalized Linear Mixed Models and Fuzzy <i>C</i>-Means Clustering

Territory risk analysis has played an important role in auto insurance rate regulation. It aims to design rating territories from a set of basic rating units so that their respective risk relativities can be estimated to reflect the regional risk of insurance. In this work, spatially constrained clu...

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Bibliographic Details
Main Authors: Shengkun Xie, Chong Gan
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Risks
Subjects:
fuzzy <i>C</i>-Means clustering
generalized linear mixed models
rate-making
rate regulation
Online Access:https://www.mdpi.com/2227-9091/11/6/99

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