Abstract
This paper explains how a dynamic pricing system can be built for personal lines business, whereby profit loads and risk premiums can be tailored to the individual behavioral characteristics of the customer.
Volume
Winter
Page
107
Year
2000
Keywords
predictive analytics
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Actuarial Applications and Methodologies
Ratemaking
Expense Loads
Financial and Statistical Methods
Statistical Models and Methods
Generalized Linear Modeling
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Traditional Risk Load (Profit Margin);
Business Areas
Automobile
Business Areas
Homeowners
Publications
Casualty Actuarial Society E-Forum
