Statistical modeling of premium pricing: the Malaysian motor insurance experience

Noriszura Ismail , and Abdul Aziz Jemain, (2007) Statistical modeling of premium pricing: the Malaysian motor insurance experience. Journal of Quality Measurement and Analysis, 3 (1). pp. 9-22. ISSN 1823-5670

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Abstract

This study proposes a statistical modeling for determining the price of motor insurance. The premium pricing, which is tailored to the regulation and economic environment of the Malaysian insurance industry, gives equal weights to both technical and practical elements. The technical element focuses on statistical modeling of claim frequency and claim cost, whereas the practical element centers on combining claims experience with both inflations and expenses

Item Type:Article
Keywords:statistical modeling; premium pricing; motor insurance
Journal:Journal of Quality Measurement and Analysis
ID Code:1831
Deposited By: Ms. Nor Ilya Othman
Deposited On:15 Jun 2011 02:16
Last Modified:15 Jun 2011 02:16

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