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Using Generalized Additive Partial Linear Model for Constructing Underwriting System
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 Title & Authors
Using Generalized Additive Partial Linear Model for Constructing Underwriting System
Ki, Seung-Do; Kang, Kee-Hoon;
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 Abstract
Underwriting refers to the process that the insurance company measures the potential risk of the future clients and decide whether insuring them with current premium. Although the traditional underwriting system used in Korean automobile insurance market is easy to understand, it is not based on a reliable statistical procedure. In this paper, we propose to apply the generalized additive model into construction of underwriting system, which is based on statistical analysis. We use automobile insurance data in Korea and apply our approach to the data. The results from the empirical analysis would be useful even for determining the significance of each variable in calculating automobile insurance premium.
 Keywords
Generalized additive model;automobile insurance;link function;
 Language
Korean
 Cited by
1.
불균형 데이터의 언더라이팅 스코어링 모형 연구: 생명보험사 사례를 중심으로,이용구;허준;최연임;

Journal of the Korean Data Analysis Society, 2010. vol.12. 6, pp.3231-3245
2.
일반화가법부분선형모형을 이용한 자동차보험 충성도 요인분석,기승도;강기훈;

응용통계연구, 2012. vol.25. 1, pp.67-79 crossref(new window)
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