Modeling premium growth in the Malaysian Motor Insurance Industry
The motor insurance industry came into the limelight since the enforcement of mandatory motor insurance coverage in 1959 This paper uses a modeling technique to ascertain the various components and parameters that affect the change in premiums receIved by the entire industry, or a segment of it. Onc...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
1994
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| Online Access: | http://journalarticle.ukm.my/7955/1/780-1491-1-SM.pdf http://journalarticle.ukm.my/7955/ http://ejournals.ukm.my/pengurusan/issue/view/202 |
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| Summary: | The motor insurance industry came into the limelight since the enforcement of mandatory motor insurance coverage in 1959 This paper uses a modeling technique to ascertain the various components and parameters that affect the change in premiums receIved by the entire industry, or a segment of it. Once these components & parameters are identified, the actual growth of new premiums can be derived by extrapolating the components and parameters in
one or more expressions (or commonly referred to as a formula). These expressions could be useful in forecasting the future market dynamics of the motor Insurance Industry. |
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