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A Statistical Model For The Costs Of Passenger Car Traffic Accidents

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  • van der Laan, B. S.
  • Louter, A. S.

Abstract

The total costs of damage caused by passenger car traffic accidents per distance interval of an individual motorist can be split into two components: the number of accidents which occur to the motorist, and the amount of damage associated with these accidents. In our study we present a probability model for the number of accidents of an individual motorist. We also discuss models, on empirical results, for the amount of damage. The integration of both models results in a general model for the costs of damage. From this general model we derive a model for the costs of indemnity to be paid by car insurance companies. The models are applied to a sample of Dutch car insurance data.

Suggested Citation

  • van der Laan, B. S. & Louter, A. S., 1985. "A Statistical Model For The Costs Of Passenger Car Traffic Accidents," Econometric Institute Archives 272296, Erasmus University Rotterdam.
    • Handle: RePEc:ags:eureia:272296
    DOI: 10.22004/ag.econ.272296
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    References listed on IDEAS

    as
    1. Hogg, Robert V. & Klugman, Stuart A., 1983. "On the estimation of long tailed skewed distributions with actuarial applications," Journal of Econometrics, Elsevier, vol. 23(1), pages 91-102, September.
    2. Panjer, Harry H. & Willmot, Gordon E., 1983. "Compound poisson models in actuarial risk theory," Journal of Econometrics, Elsevier, vol. 23(1), pages 63-76, September.
    3. van der Laan, B. S. & Louter, A. S., 1985. "The Number Of Claims And The Claim Size Of Passenger Car Traffic Accidents In The Netherlands," Econometric Institute Archives 272295, Erasmus University Rotterdam.
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