Generalized Linear Models for Loss Calculation in General Insurance

Penulis: Lestari, Dian; Tanujaya, Raymond; Al Kafi, Rahmat; Devila, Sindy
Informasi
JurnalPakistan Journal of Statistics and Operation Research
PenerbitUniversity of Punjab (new Campus), College of Statistical Sciences
Volume & EdisiVol. 18,Edisi 3
Halaman505 - 510
Tahun Publikasi2022
ISSN18162711
Jenis SumberScopus
Abstrak
In most cases, loss in general insurance is calculated based on claim severity and frequency and an assumption of independence. However, in some cases, claim severity depends upon the claim frequency. This paper presents the derivation of aggregate loss calculation by modeling claim severity and frequency as the assumption of independence is eliminated. The authors modeled average claim severity using claim frequency as the covariate to induce the dependence among them. For that purpose, we use the generalized linear models. The calculated loss is obtained after the parameter estimation process. © 2022, Pakistan Journal of Statistics and Operation Research. All Rights Reserved.
Dokumen & Tautan

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