Abstract
Much attention has recently been directed towards the subject of risk assessment in private passenger automobile insurance. In 1975, SRI International, a research organization, was commissioned to do a major study of insurance classification, or risk assessment. They defined a measure of its efficiency and developed a procedure to utilize this measure for automobile accident frequencies based on the assumption that individual accident experience was Poisson distributed. Based on this analysis they concluded that current pricing and selection practices in automobile insurance did a poor job of creating homogeneous groups of risks.
Volume
LXVI
Page
84-138
Year
1979
Publications
Proceedings of the Casualty Actuarial Society
Prizes
Dorweiler Prize
