The views expressed here are those of the individual authors and not necessarily those of the JSM sponsors, their officers, or their staff.
Abstract Details
|
Activity Number:
|
134
|
|
Type:
|
Contributed
|
|
Date/Time:
|
Monday, August 1, 2011 : 8:30 AM to 10:20 AM
|
|
Sponsor:
|
Business and Economic Statistics Section
|
| Abstract - #301793 |
|
Title:
|
An Alternative Claim Amount Prediction for Deductible Insurance Policies
|
|
Author(s):
|
Heungsun "Sunny" Park*+ and Yongbum Jun
|
|
Companies:
|
Hankuk University of Foreign Studies and National Agricultural Cooperative Federation
|
|
Address:
|
Wangsan-ri Mohyun-myun, Yongin, International, 449791, South Korea
|
|
Keywords:
|
Best Predictor ;
Weighted Best Predictor ;
reinsurance
|
|
Abstract:
|
Best predictor is defined as the conditional expected value of a response. This paper proposes the modified version of best predictor with different weights for the insurance pricing market when considering deductibles. Insurance companies need to predict the claim amount for a policy or a group of policies with the least possible prediction errors while they don't have to take any risk for the claim below the deductible level. The same analogy can be applied to the reinsurance price making system.
|
The address information is for the authors that have a + after their name.
Authors who are presenting talks have a * after their name.
Back to the full JSM 2011 program
|
2011 JSM Online Program Home
For information, contact jsm@amstat.org or phone (888) 231-3473.
If you have questions about the Continuing Education program, please contact the Education Department.