Claim Modeling and Insurance Premium Pricing Under A Bonus–Malus System in Motor Insurance Cover

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Claim Modeling and Insurance Premium Pricing Under A Bonus–Malus System in Motor Insurance

International Journal of Applied Mathematics and Computer Science

Volume 33 (2023): Issue 4 (December 2023)

By: Weenakorn Ieosanurak, Banphatree Khomkham and Adisak Moumeesri

Open Access

|Dec 2023

Authors

Weenakorn Ieosanurak

weenie@kku.ac.th

Department of Mathematics, Faculty of Science, Khon Kaen University, Khon Kaen, Thailand

Banphatree Khomkham

banphatree@g.swu.ac.th

Department of Computer Science, Faculty of Science, Srinakharinwirot University, Bangkok, Thailand

Adisak Moumeesri

moumeesri_a@silpakorn.edu

Department of Statistics, Faculty of Science, Silpakorn University, Nakhon Pathom, Thailand

DOI: https://doi.org/10.34768/amcs-2023-0045 | Journal eISSN: 2083-8492 | Journal ISSN: 1641-876X

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Language: English

Page range: 637 - 650

Submitted on: Jun 10, 2023

Accepted on: Sep 11, 2023

Published on: Dec 21, 2023

Published by: University of Zielona Góra

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

bonus-malus system,

claim severity,

exponential-GaL distribution,

motor insurance,

number of claims,

Poisson-GaL distribution

Related subjects:

Applied mathematics

© 2023 Weenakorn Ieosanurak, Banphatree Khomkham, Adisak Moumeesri, published by University of Zielona Góra
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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