This article examines the relationship between observed claim frequencies in the automobile insurance line and the evolution of selected economic magnitudes. From a variety of economic variables, we aim to identify the main factors affecting claim frequencies, while controlling for other legislative and demographic factors. Through a dynamic regression model, the analysis is conducted for three different categories of vehicles and for a variety of coverages. A comprehensive dataset from the main Spanish insurance companies is used to calibrate the model. The evidence might assist companies to improve ratemaking.
Keywords:
Categories of vehicles, dynamic regression, external predictors, motor insurance, time series
Boj, E., Castañer, A., Claramunt, M. M., Costa, T., & Roch, O. (2019). Economic indicators for automobile claim frequencies. Estudios De Economía, 46(2), 245–271. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/55275
