Analyzing relations of insured accident and selected risk factors with interactions

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Analyzing relations of insured accident and selected risk factors with interactions

Popis výsledku v původním jazyce

The paper is devoted to the analyzing impact of selected risk factors on insured accident and forecasting probability of loss occurrence. On the basis of these factors and measurement of their relation to the insured accident, it is possible to determinethe probability of insured accident for each policyholder and also to differentiate the paid insurance premiums in compliance with risk factors. The insurance premium is proposed in this way that it corresponds to undertaken risk, i.e. occurrence probability. In the purpose of identifying and modelling this relation, the logistic regression model is primarily employed, but potential interactions among factors during the proposing and estimating are often neglected. It results in the inaccurate parameter estimates and also in misinterpreting and incorrect assessing relation to the outcome generally. In the paper, the model with and without interaction is proposed and estimated and then, in compliance with both models, the relation of se

Název v anglickém jazyce

Analyzing relations of insured accident and selected risk factors with interactions

Popis výsledku anglicky

The paper is devoted to the analyzing impact of selected risk factors on insured accident and forecasting probability of loss occurrence. On the basis of these factors and measurement of their relation to the insured accident, it is possible to determinethe probability of insured accident for each policyholder and also to differentiate the paid insurance premiums in compliance with risk factors. The insurance premium is proposed in this way that it corresponds to undertaken risk, i.e. occurrence probability. In the purpose of identifying and modelling this relation, the logistic regression model is primarily employed, but potential interactions among factors during the proposing and estimating are often neglected. It results in the inaccurate parameter estimates and also in misinterpreting and incorrect assessing relation to the outcome generally. In the paper, the model with and without interaction is proposed and estimated and then, in compliance with both models, the relation of se

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011 - part I

ISBN

978-80-7431-058-4

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

745-750

Název nakladatele

Professional Publishing

Místo vydání

Prague

Místo konání akce

Janska Dolina

Datum konání akce

6. 9. 2011

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000309074600124