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Fair trade in insurance industry: Premium determination of Taiwan automobile insurance


Vanezian, Emilio and Li, Chu-Shiu and Liu, Chwen-Chi and Yu, Chin-Ping (2007) Fair trade in insurance industry: Premium determination of Taiwan automobile insurance. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)

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Abstract

This paper examines premium determination of voluntary automobile insurance policy and risk classification under a heavily regulated rating system in Taiwan. We investigate the distribution of actual premium and pure premium, based on unique data to test if premium reflect appropriate gender-age factor. The reasonableness of loading and the difference in driving exposure between policyholder and driver are investigated for three different types of policy. An adjustment of gender-age premium coefficients is called for.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by Faculty of Economics, Universiti Utara Malaysia
Uncontrolled Keywords: Automobile Insurance; Premium Determination
Subjects: H Social Sciences > HF Commerce
Divisions: College of Arts and Sciences
Depositing User: Mrs. Juwita Johari
Date Deposited: 21 Feb 2011 10:57
Last Modified: 21 Feb 2011 10:57
URI: http://repo.uum.edu.my/id/eprint/2406

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