Empirical Findings on Motor Insurance Pricing in Germany, Austria, and Switzerland
Details
State: Public
Version: Author's accepted manuscript
License: Not specified
Serval ID
serval:BIB_90FD5B6076D1
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Empirical Findings on Motor Insurance Pricing in Germany, Austria, and Switzerland
Journal
Geneva Papers on Risk and Insurance - Issues and Practice
ISSN
1018-5895
Publication state
Published
Issued date
2016
Peer-reviewed
Oui
Volume
41
Number
3
Pages
398-431
Language
english
Abstract
This paper focuses on recent developments in motor insurance pricing in Germany, Austria and Switzerland. Through the analysis of responses to a recent comprehensive survey of industry representatives, we examine the various premium components and the processes involved in premium adaptation. New findings on the use of different tariff criteria, on the tools used for market-based and customer-specific pricing, and on the information considered for customer valuation are reported. We also address the integration of the insurance sales staff in the pricing process. With regard to premium adjustments and the introduction of new tariffs, we examine the frequency, time required and costs incurred. With this paper, we contribute to a strand of literature where little academic research has been done so far. In addition, our results entail managerial implications for improving industry practices in insurance pricing.
Keywords
insurance pricing, motor insurance, tariff criteria, customer valuation, pricing process
Web of science
Create date
02/11/2015 15:05
Last modification date
15/09/2020 7:09