POISSON REGRESSION MODELLING OF AUTOMOBILE INSURANCE USING R

  • Sandy Vantika Statistics Research Division, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung
  • Mokhammad Ridwan Yudhanegara Departement of Mathematics Education, Faculty of Teacher Training and Education, Universitas Singaperbangsa Karawang
  • Karunia Eka Lestari Departement of Mathematics Education, Faculty of Teacher Training and Education, Universitas Singaperbangsa Karawang
DOI: https://doi.org/10.30598/barekengvol16iss4pp1399-1410
Keywords: poisson distribution, prediction, insurance claim, count data

Abstract

Automobile insurance benefits are protecting the vehicle and minimizing customer losses. Insurance companies must provide funds to pay customer claims if a claim occurs. Insurance claims can be modelled by Poisson regression. Poisson regression is used to analyze the count data with Poisson distributed data responses. this paper, the data model of sample is automobile insurance claims from the companies in one year (in 2021) of observation which contains three types of insurance products, i.e., Total Loss Only (TLO), All Risk, and Comprehensive. The results of data analysis show that the highest number of claims comes from Comprehensive insurance products, especially if the premium value gets more extensive. In contrast, the least comes from TLO insurance products.

 

 

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Published
2022-12-15
How to Cite
[1]
S. Vantika, M. Yudhanegara, and K. Lestari, “POISSON REGRESSION MODELLING OF AUTOMOBILE INSURANCE USING R”, BAREKENG: J. Math. & App., vol. 16, no. 4, pp. 1399-1410, Dec. 2022.
Issue
Vol 16 No 4 (2022): BAREKENG: Jurnal Ilmu Matematika dan Terapan
Section
Articles

Copyright (c) 2022 Sandy Vantika, Mokhammad Ridwan Yudhanegara, Karunia Eka Lestari

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