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Title: Modelling the disability severity score in motor insurance claims: an application to the Spanish case
Author: Santolino, Miguel
Boucher, Jean-Philippe
Keywords: Accidents de circulació
Assegurances d'automòbils
Assegurances d'accidents
Traffic accidents
Automobile insurance
People with disabilities
Accident insurance
Issue Date: 2009
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR09/02]
Abstract: Bodily injury claims have the greatest impact on the claim costs of motor insurance companies. The disability severity of motor claims is assessed in numerous European countries by means of score systems. In this paper a zero inflated generalized Poisson regression model is implemented to estimate the disability severity score of victims in-volved in motor accidents on Spanish roads. We show that the injury severity estimates may be automatically converted into financial terms by insurers at any point of the claim handling process. As such, the methodology described may be used by motor insurers operating in the Spanish market to monitor the size of bodily injury claims. By using insurance data, various applications are presented in which the score estimate of disability severity is of value to insurers, either for computing the claim compensation or for claim reserve purposes.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2009, IR09/02
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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