Journal article

A Priori Ratemaking Selection Using Multivariate Regression Models Allowing Different Coverages in Auto Insurance

Emilio Gomez-Deniz, Enrique Calderin-Ojeda

Risks | MDPI AG | Published : 2021


A comprehensive auto insurance policy usually provides the broadest protection for the most common events for which the policyholder would file a claim. On the other hand, some insurers offer extended third-party car insurance to adapt to the personal needs of every policyholder. The extra coverage includes cover against fire, natural hazards, theft, windscreen repair, and legal expenses, among some other coverages that apply to specific events that may cause damage to the insured’s vehicle. In this paper, a multivariate distribution, based on a conditional specification, is proposed to account for different numbers of claims for different coverages. Then, the premium is computed for each ty..

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University of Melbourne Researchers


Awarded by Ministerio de Economia, Industria y Competitividad. Agencia Estatal de Investigacion

Funding Acknowledgements

E.G.-D.'s work was partially funded by Grant ECO2017-85577-P (Ministerio de Economia, Industria y Competitividad. Agencia Estatal de Investigacion).