Use and Extension of Count Data Models in the Determination of Relevant Factors for Claims in the Automobile Insurance Sector
AbstractUsing real, Spanish data, different specifications of zero-inflated models are provided in this paper to estimate the number of accidents declared by policyholders. These count data models seem to be the most appropriate solutions to study this question. Our work is completed with the estimations of the number of clients that do not declare their actual accidents and the number of these accidents. The analysis of all these factors could become useful for insurers to improve their efficiency. We conclude with a final theoretical discussion on the possible advantages given by other alternative models, like the so-called thinned models.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XIII (2010)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.ersj.eu/
Accident; zero-inflated model; ‘extra-zeros’ estimation;
Find related papers by JEL classification:
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Georges Dionne & Christian Gourieroux & Charles Vanasse, 1998.
"Evidence of Adverse Selection in Automobile Insurance Markets,"
98-24, Centre de Recherche en Economie et Statistique.
- Dionne, G. & Gourieroux, C. & Vanasse, C., 1998. "Evidence of Adverse Selection in Automobile Insurance Markets," Papers 9822, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
- G. Dionne & C. Gouriéroux & C. Vanasse, 1998. "Evidence of adverse selection in automobile insurance markets," THEMA Working Papers 98-22, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Dionne, G. & Gourieroux, C. & Vanasse, C., 1998. "Evidence of Adverse Selection in Automobile Insurance Markets," Ecole des Hautes Etudes Commerciales de Montreal- 98-09, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
- Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-33, March.
- Puelz, Robert & Snow, Arthur, 1994. "Evidence on Adverse Selection: Equilibrium Signaling and Cross-Subsidization in the Insurance Market," Journal of Political Economy, University of Chicago Press, vol. 102(2), pages 236-57, April.
- Dionne, Georges, 1998.
"La mesure empirique des problèmes d’information,"
Société Canadienne de Science Economique, vol. 74(4), pages 585-606, dÃ©cembre.
- G. Dionne, 1998. "La mesure empirique des problèmes d'information," THEMA Working Papers 98-33, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Dionne, G., 1998. "La mesure empirique des problemes d'information," Papers 9833, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
- Cameron, A Colin & Trivedi, Pravin K, 1986. "Econometric Models Based on Count Data: Comparisons and Applications of Some Estimators and Tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 29-53, January.
- Jaap H. Abbring & James J. Heckman & Pierre-André Chiappori & Jean Pinquet, 2003. "Adverse Selection and Moral Hazard In Insurance: Can Dynamic Data Help to Distinguish?," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 512-521, 04/05.
- Alma Cohen, 2005. "Asymmetric Information and Learning: Evidence from the Automobile Insurance Market," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 197-207, May.
- Boyer, Marcel & Dionne, Georges, 1989. "An Empirical Analysis of Moral Hazard and Experience Rating," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 128-34, February.
- Chiappori, Pierre-Andre & Salanie, Bernard, 1997. "Empirical contract theory: The case of insurance data," European Economic Review, Elsevier, vol. 41(3-5), pages 943-950, April.
- Didier Richaudeau, 1999. "Automobile Insurance Contracts and Risk of Accident: An Empirical Test Using French Individual Data," The Geneva Risk and Insurance Review, Palgrave Macmillan, vol. 24(1), pages 97-114, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleni Giannakopoulou).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.