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An overview of approaches to insurance data analysis and suggestions for warranty data analysis

Luo, Ming, Wu, Shaomin (2016) An overview of approaches to insurance data analysis and suggestions for warranty data analysis. Recent Patents on Engineering, 10 (3). pp. 138-145. ISSN 1872-2121. E-ISSN 2212-4047. (doi:10.2174/1872212110666160617092705) (KAR id:56009)

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http://dx.doi.org/10.2174/187221211066616061709270...

Abstract

Warranty shares similarities with insurance in many aspects. Research on insurance data analysis has attracted much more attention than on warranty data analysis. This paper provides a general comparison between warranty and insurance in terms of their coverages, policies and data collection. It then reviews existing approaches to insurance data analysis with regard to modelling of claim frequency, modelling of claim size and policy pricing. Some recent patents relating statistical models are also discussed. The paper concludes with suggestions for improving warranty data analysis.

Item Type: Article
DOI/Identification number: 10.2174/1872212110666160617092705
Projects: Smart data analytics for business and local government
Uncontrolled keywords: insurance claim; warranty claim; statistical modelling.
Subjects: H Social Sciences > HA Statistics > HA33 Management Science
Divisions: Divisions > Kent Business School - Division > Department of Analytics, Operations and Systems
Funders: [UNSPECIFIED] the Economic and Social Research Council of the United Kingdom
Depositing User: Shaomin Wu
Date Deposited: 21 Jun 2016 18:46 UTC
Last Modified: 08 Oct 2021 12:09 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/56009 (The current URI for this page, for reference purposes)
Wu, Shaomin: https://orcid.org/0000-0001-9786-3213
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