Loading…
Welcome to the ARIA 2021 Annual Meeting Agenda App. You are seeing this in simple view. Click on any session to see Presenters, Discussants and a Session Description. Click on Presenters to find a single presenter and their sessions. If you find an error, please email gphillips@aria.org. Registrants have been added and will continue to be updated until 7/29/21 when registration closes. Zoom links will be shared directly with all participants two days prior to the conference. Please make notifications@sched.com a "safe sender" in your email system. We will be sending messages throughout the conference through this medium. 
Back To Schedule
Wednesday, August 4 • 9:00am - 10:30am
6D1 Number of claims and number of near-misses for telematics pricing in automobile insurance

Sign up or log in to save this to your schedule, view media, leave feedback and see who's attending!

Feedback form is now closed.
Mintserrat Guillen, Universität de Barcelona; Ana Perez-Marin, Universität de Barcelona; Jens Nielsen, City University of London

We present a method to integrate telematics data in a pay-how-you-drive insurance pricing scheme that penalizes 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, hard-braking and acceleration events as well as smartphone use while driving increase the cost of insurance.

Discussant
TY

Tong Yu

University of Cincinnati

Presenters
avatar for Montserrat Guillen

Montserrat Guillen

Universitat de Barcelona



Wednesday August 4, 2021 9:00am - 10:30am EDT