Near‐miss telematics in motor insurance

We present a method to integrate telematics data in a pay-how-you-drive insurance pricing scheme that penalizes some near-miss events. We illustrate our method with a sample of drivers for whom information on near-miss events and claims frequency records are available. We discuss the implications fo...

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Detalles Bibliográficos
Autores: Guillén, Montserrat, Nielsen, Jens Perch, Pérez Marín, Ana María
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/183219
Acceso en línea:https://hdl.handle.net/2445/183219
Access Level:acceso abierto
Palabra clave:Assegurances d'automòbils
Seguretat viària
Automobile insurance
Traffic safety
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spelling Near‐miss telematics in motor insuranceGuillén, MontserratNielsen, Jens PerchPérez Marín, Ana MaríaAssegurances d'automòbilsSeguretat viàriaAutomobile insuranceTraffic safetyWe present a method to integrate telematics data in a pay-how-you-drive insurance pricing scheme that penalizes some near-miss events. We illustrate our method with a sample of drivers for whom information on near-miss events and claims frequency records are available. We discuss the implications for motor insurance ratemaking. Our pricing principle is to combine a baseline insurance premium with added extra charges for near-miss events indicating risky driving (or discounts) that can be updated on a weekly basis. This procedure provides an incentive for safe driving. In our real-case study illustration, hard-braking and acceleration events as well as smartphone use while driving increase the cost of insurance.Wiley2022202220212022info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion21 p.application/pdfhttps://hdl.handle.net/2445/183219Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésReproducció del document publicat a: https://doi.org/10.1111/jori.12340Journal of Risk and Insurance, 2021, vol. 88, num. 3, p. 569-589https://doi.org/10.1111/jori.12340cc by-nc-nd (c) Guillen Estany et al., 2021http://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1832192026-05-29T05:05:01Z
dc.title.none.fl_str_mv Near‐miss telematics in motor insurance
title Near‐miss telematics in motor insurance
spellingShingle Near‐miss telematics in motor insurance
Guillén, Montserrat
Assegurances d'automòbils
Seguretat viària
Automobile insurance
Traffic safety
title_short Near‐miss telematics in motor insurance
title_full Near‐miss telematics in motor insurance
title_fullStr Near‐miss telematics in motor insurance
title_full_unstemmed Near‐miss telematics in motor insurance
title_sort Near‐miss telematics in motor insurance
dc.creator.none.fl_str_mv Guillén, Montserrat
Nielsen, Jens Perch
Pérez Marín, Ana María
author Guillén, Montserrat
author_facet Guillén, Montserrat
Nielsen, Jens Perch
Pérez Marín, Ana María
author_role author
author2 Nielsen, Jens Perch
Pérez Marín, Ana María
author2_role author
author
dc.subject.none.fl_str_mv Assegurances d'automòbils
Seguretat viària
Automobile insurance
Traffic safety
topic Assegurances d'automòbils
Seguretat viària
Automobile insurance
Traffic safety
description We present a method to integrate telematics data in a pay-how-you-drive insurance pricing scheme that penalizes some near-miss events. We illustrate our method with a sample of drivers for whom information on near-miss events and claims frequency records are available. We discuss the implications for motor insurance ratemaking. Our pricing principle is to combine a baseline insurance premium with added extra charges for near-miss events indicating risky driving (or discounts) that can be updated on a weekly basis. This procedure provides an incentive for safe driving. In our real-case study illustration, hard-braking and acceleration events as well as smartphone use while driving increase the cost of insurance.
publishDate 2021
dc.date.none.fl_str_mv 2021
2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/183219
url https://hdl.handle.net/2445/183219
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: https://doi.org/10.1111/jori.12340
Journal of Risk and Insurance, 2021, vol. 88, num. 3, p. 569-589
https://doi.org/10.1111/jori.12340
dc.rights.none.fl_str_mv cc by-nc-nd (c) Guillen Estany et al., 2021
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc by-nc-nd (c) Guillen Estany et al., 2021
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 21 p.
application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812429

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