Mar Molinero, Cecilio, Segovia, Maria-Manuela, Contreras, Ignacio (2009) Efficiency Assessment in the Automobile Insurance Sector. Revista de Metodos Cuantitativos Para la Economia y la Empresa, 7 . pp. 57-76. ISSN 1886-516X. (KAR id:25434)
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| Official URL: http://www.upo.es/RevMetCuant/pdf/vol7/art27.pdf |
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Abstract
Insurance companies have to take risk and cost into account when pricing car insurance policies in order to design new products to cover the risk of private use of cars. In this paper we use data from 80,000 car insurance policies in
order to assess, once risk and cost have been taken into account, the policies that generate the highest returns for the company. After different profiles of clients are identified, including among the characteristics the regional
location of the clients, we use Data Envelopment Analysis and multivariate statistics. The results obtained not only permit us to identify the best groups of clients for the company but also to determine similarities and differences
among profiles of clients.
| Item Type: | Article |
|---|---|
| Additional information: | Evaluacion de la Eficiencia de Una cartera de Asegurados en el Sector del Automóvil |
| Uncontrolled keywords: | efficiency; car insurance; data envelopment analysis; multivariate statistics. |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Divisions > Kent Business School - Division > Kent Business School (do not use) |
| Depositing User: | Jennifer Knapp |
| Date Deposited: | 01 Sep 2010 11:18 UTC |
| Last Modified: | 05 Nov 2024 10:05 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/25434 (The current URI for this page, for reference purposes) |
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