Journal of Fundamental Mathematics and Applications (JFMA)
Vol 3, No 2 (2020)

IMPLEMENTASI METODE BAYES PADA PENGHITUNGAN PREMI ASURANSI KENDARAAN BERMOTOR

Rika Fitriani (Departemen Matematika, Universitas Gadjah Mada)
Gunardi Gunardi (Departemen Matematika, Universitas Gadjah Mada)

Article Info

Publish Date
23 Nov 2020

Abstract

One type of general insurance is motor vehicle insurance. Premium pricing of general insurance can be calculated by some methods. In this study, Bayes method will be used. The distribution of claim frequency is Poisson distribution and the distribution of claim severity is Exponential distribution. The premium is calculated by multiplying the expectation of claim frequency and the expectation of claim severity. Based on the historical data analysis using the Bayes method, the highest pure premium of motor vehicle insurance in Indonesia is Hino brand and the lowest pure premium is Honda brand. The result of this premium pricing can be used as a reference for the insurance companies to manage their motor vehicle insurance reserves.

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Journal Info
Journal of Fundamental Mathematics and Applications (JFMA)
Website

Abbrev

jfma

Publisher

Universitas Diponegoro

Subject

Decision Sciences, Operations Research & Management

Description

Journal of Fundamental Mathematics and Applications (JFMA) is an Indonesian journal published by the Department of Mathematics, Diponegoro University, Semarang, Indonesia. JFMA has been published regularly in 2 scheduled times (June and November) every year. JFMA is established to highlight the ...