Research On Optimization Of Commercial Vehicle Insurance Pricing Of Dubang Insurance Company

Along with the development of economy, China’s vehicle ownership soaring. Up to the end of2014, private car ownership has more than105million, Rapid growth in the number of vehicles does not only make life more convenience, but also brings important security implications. According to statistics, China’s motor vehicle mortality rates of17.8%, traffic accidents in China accounted for20%of the world, road deaths for the first in the world. Therefore, the claim ratio of automobile insurance in China has gradually increased, since automobile insurance is more than70%of the property insurance industry, automobile insurance and property insurance both share the same destiny. Insurance companies for automobile insurance keep on looking for more reasonable compensation and pricing optimization, which benefits both insurer and insured. In order to fully understand the insurance ratemaking and determining method, design a reasonable pricing model, make the prediction of the amount of insurance payments, the compensation rate and renewal rate more accurately, the author chose the relevant case of Dubang insurance company as the main object of analysis, in combination with the case on the base of the concrete, analyzes the pricing strategy, combined with the generalized linear model and mileage pricing method based on the specifically, this research mainly includes the following several aspects:First, based on combining the domestic and foreign auto insurance premium rate and the pricing, according to the background of the development of automobile insurance ratemaking and excellent experiences were summarized, and access to a large number of documents, according to the insurance ratemaking and total rate calculation theory knowledge sums up, on the basis of research for the following play the foundation.Second, combined with the traditional method in our country automobile insurance ratemaking, minimum deviation method, generalized linear model method and other specific model and data, according to the minimum deviation method and generalized linear models by the use of specific conditions and the advantages and disadvantages of the analysis, summed up the all state insurance pricing optimization ideas and strategies, should be combined with the exercise of generalized mileage linear model and vehicle, comprehensive start pricing. The above comprehensive analysis, third, the author draws the conclusion, for insurance pricing, relying solely on the vehicle or from human factors are not enough, we must combine the mileage and many factors comprehensively combining pricing, using generalized linear model with the mileage pricing method, and has strong practicability.