文章基本信息

标题：An Analysis of Spanish Accidents in Automobile Insurance: the Use of the Probit Model and the Theoretical Potential of Other Econometric Tools
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作者：José Antonio Ordaz ; José Antonio Ordaz ; María del Carmen Melgar 等
期刊名称：Equilibrium. Quarterly Journal of Economics and Economic Policy
印刷版ISSN：1689-765X
电子版ISSN：2353-3293
出版年度：2011
卷号：6
期号：3
页码：117-134
DOI：10.12775/EQUIL2011.024
语种：English
出版社：Institute of Economic Research
摘要：Automobile insurance is one of the main pillars of the entire insurance industry in the developed economies. Knowing as much as possible about the factors related to the acci dents is an essential issue for the insurance companies so that they may improve their levels of efficiency. Therefore, in this paper we focus on studying the most relevant variables that help explain the registration of claims in the automobile insurance sector. For this purpose, we fit a probit model specification using a database from a Spanish insurance company. Our research points out the significance of certain variables, such as the policyholders’ driving experience, their region of residence as well as their levels of insurance coverage, towards the likelihood of registering an insurance claim. However, probit analysis represents only one of the multiple perspectives which we can consider to examine the question of accidents and their reporting. Very briefly, we also discuss the utility of zero-inflated count data models to study the num_x005f?ber of accidents declared by policyholders. Finally, we point out the possibilities that thinned models could offer for this type of research.
关键词：automobile insurance; claims; probit model; zero-inflated models; thinned models