Efficiency Assessment in the Automobile Insurance Sector

Mar Molinero, Cecilio and Segovia, Maria-Manuela and 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. (Full text available)

PDF - Publisher pdf
Download (420kB) Preview
Official URL


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: Faculties > Social Sciences > Kent Business School > Management Science
Depositing User: Jennifer Knapp
Date Deposited: 01 Sep 2010 11:18 UTC
Last Modified: 30 May 2014 10:05 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/25434 (The current URI for this page, for reference purposes)
  • Depositors only (login required):


Downloads per month over past year