Year 2005,
Volume: 20 Issue: 2 - Volume: 20 Issue: 2, 47 - 61, 25.07.2016
Abstract
The pure premium or risk premium is the premium that would exactly meet the expected cost of the risk covered ignoring management expenses, commissions, contingency loading, etc. Claim frequency rate and mean claim size are required for estimation in calculating risk premiums.In this study, we discussed to estimate claim frequency rate and mean claim size with several methods and calculated risk premiums. Data, which supported our study, is provided by insurance company involving with motor vehicle insurance.
References
- BOWERS, N.L., H.U. GERBER, J.C. HICKMAN, D.A. JONES ve C.J. NESBITT, (1986), Actuarial Mathematics, USA: Society of Actuaries.
- BÜHLMAN, H. (1996), Mathematical Methods in Risk Theory, New York: Springer–Verlag.
- DAYKIN, C. D., T.PENTIKAINEN T. and M. PEASONEN (1994), Practical Risk Theory for Actuaries, London: Chapman – Hall.
- DEGROOT, M.H. (1975), Probability and Statistics, Canada: Addison – Wesley.
- FREUND, J.E. (1973), Introduction to Probability, New York: Dover Publication.
- GERBER, H.U. (1979), An Introduction to Mathematical Risk Theory, Philadelphia: University of Pennsylvania.
- GRANDELL, J. (1991), Aspects of Risk Theory, New York: Springer – Verlag.
- HART, D.G., R.A BUCHANAN and B.A. HOWE (1996), The Actuarial Practice of General Insurance, Sydney: Institute of Actuaries of Australia.
- HOGG, R.V. and A.T. CRAIG (1995), Introduction to Mathematical Statistics, New Jersey: Prentice – Hall.
- HOSSAK I.B., POLLARD J.H. and ZEHNWIRTH (1989), Introductory Statistics with Applications in General Insurance, Cambridge University Press.
- LARSON H.J. (1982), Introduction to Probability Theory and Statistical Inference, Singapore: John Wiley & Sons.
- LEMAIRE, J. (1985), Automobile Insurance Actuarial Models, USA: Kluwer – Nijhoff.
- PANJER, H.H. and G.E. WILMOTT (1992), Insurance Risk Models, USA:Society of Actuaries.
- REJDA, G.E. (1994), Social Insurance and Economic Security, New Jersey: Prentince- Hall.
- ROSS, S. (1998), A First Course in Probability, USA: Prentice – Hall.
- SCHEAFFER, R. L. and W. MENDENHALL (1975), Introduction to Probability: Theory and Applications, Massachusetts: Duxbury Press.
- SKIPPER, H.D. Jr. (1998), International Risk and Insurance: An Environmental–Managerial Approach, Singapore: Irwin/McGraw- Hill.
- STRAUB, E. (1980), Non-Life Insurance Mathematics, New York: Springer- Verlag. Webster’s New Colligate Dictionary (1991).
- WILLIAM, C.A. JR., SMITH, M.L. and YOUNG, P.C. (1998), Risk Management and Insurance, Singapore: Irwin/McGraw-Hill.
Year 2005,
Volume: 20 Issue: 2 - Volume: 20 Issue: 2, 47 - 61, 25.07.2016
Abstract
The pure premium or risk premium is the premium that would exactly meet the expected cost of the risk covered ignoring management expenses, commissions, contingency loading, etc. Claim frequency rate and mean claim size are required for estimation in calculating risk premiums.In this study, we discussed to estimate claim frequency rate and mean claim size with several methods and calculated risk premiums. Data, which supported our study, is provided by insurance company involving with motor vehicle insurance.
References
- BOWERS, N.L., H.U. GERBER, J.C. HICKMAN, D.A. JONES ve C.J. NESBITT, (1986), Actuarial Mathematics, USA: Society of Actuaries.
- BÜHLMAN, H. (1996), Mathematical Methods in Risk Theory, New York: Springer–Verlag.
- DAYKIN, C. D., T.PENTIKAINEN T. and M. PEASONEN (1994), Practical Risk Theory for Actuaries, London: Chapman – Hall.
- DEGROOT, M.H. (1975), Probability and Statistics, Canada: Addison – Wesley.
- FREUND, J.E. (1973), Introduction to Probability, New York: Dover Publication.
- GERBER, H.U. (1979), An Introduction to Mathematical Risk Theory, Philadelphia: University of Pennsylvania.
- GRANDELL, J. (1991), Aspects of Risk Theory, New York: Springer – Verlag.
- HART, D.G., R.A BUCHANAN and B.A. HOWE (1996), The Actuarial Practice of General Insurance, Sydney: Institute of Actuaries of Australia.
- HOGG, R.V. and A.T. CRAIG (1995), Introduction to Mathematical Statistics, New Jersey: Prentice – Hall.
- HOSSAK I.B., POLLARD J.H. and ZEHNWIRTH (1989), Introductory Statistics with Applications in General Insurance, Cambridge University Press.
- LARSON H.J. (1982), Introduction to Probability Theory and Statistical Inference, Singapore: John Wiley & Sons.
- LEMAIRE, J. (1985), Automobile Insurance Actuarial Models, USA: Kluwer – Nijhoff.
- PANJER, H.H. and G.E. WILMOTT (1992), Insurance Risk Models, USA:Society of Actuaries.
- REJDA, G.E. (1994), Social Insurance and Economic Security, New Jersey: Prentince- Hall.
- ROSS, S. (1998), A First Course in Probability, USA: Prentice – Hall.
- SCHEAFFER, R. L. and W. MENDENHALL (1975), Introduction to Probability: Theory and Applications, Massachusetts: Duxbury Press.
- SKIPPER, H.D. Jr. (1998), International Risk and Insurance: An Environmental–Managerial Approach, Singapore: Irwin/McGraw- Hill.
- STRAUB, E. (1980), Non-Life Insurance Mathematics, New York: Springer- Verlag. Webster’s New Colligate Dictionary (1991).
- WILLIAM, C.A. JR., SMITH, M.L. and YOUNG, P.C. (1998), Risk Management and Insurance, Singapore: Irwin/McGraw-Hill.
There are 19 citations in total.
Details
| Other ID | JA38JB73KE |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | July 25, 2016 |
| Published in Issue | Year 2005 Volume: 20 Issue: 2 - Volume: 20 Issue: 2 |