BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 16 No 4 (2022): BAREKENG: Journal of Mathematics and Its Applications

POISSON REGRESSION MODELLING OF AUTOMOBILE INSURANCE USING R

Sandy Vantika (Statistics Research Division, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung)
Mokhammad Ridwan Yudhanegara (Departement of Mathematics Education, Faculty of Teacher Training and Education, Universitas Singaperbangsa Karawang)
Karunia Eka Lestari (Departement of Mathematics Education, Faculty of Teacher Training and Education, Universitas Singaperbangsa Karawang)

Article Info

Publish Date
15 Dec 2022

Abstract

Automobile insurance benefits are protecting the vehicle and minimizing customer losses. Insurance companies must provide funds to pay customer claims if a claim occurs. Insurance claims can be modelled by Poisson regression. Poisson regression is used to analyze the count data with Poisson distributed data responses. this paper, the data model of sample is automobile insurance claims from the companies in one year (in 2021) of observation which contains three types of insurance products, i.e., Total Loss Only (TLO), All Risk, and Comprehensive. The results of data analysis show that the highest number of claims comes from Comprehensive insurance products, especially if the premium value gets more extensive. In contrast, the least comes from TLO insurance products.

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Journal Info
BAREKENG: Jurnal Ilmu Matematika dan Terapan
Website

Abbrev

barekeng

Publisher

Universitas Pattimura

Subject

Computer Science & IT Control & Systems Engineering Economics, Econometrics & Finance Energy Engineering Mathematics Mechanical Engineering Physics Transportation

Description

BAREKENG: Jurnal ilmu Matematika dan Terapan is one of the scientific publication media, which publish the article related to the result of research or study in the field of Pure Mathematics and Applied Mathematics. Focus and scope of BAREKENG: Jurnal ilmu Matematika dan Terapan, as follows: - Pure ...