The Study on Measurement of Non-Life Insurance Output and Added Value in the Context of Catastrophes in China

Author

Ren, Zhaozhang ; Chen, Mike

Author_Institution

Res. Center of Financial Eng., South China Univ. of Technol., Guangzhou

Volume

2

fYear

2008

fDate

20-22 Dec. 2008

Firstpage

928

Lastpage

934

Abstract

This paper discusses the measurement of non-life insurance output and added value in the background of catastrophes, using the data of Guangdong province in China. The SVM method is applied to estimate expected claim rates in the paper. We found that the data of claim rate two years before has a primary impact on the present year´s expectation in Guangdong. And the output of Guangdong in 2006 and 2007 might be underestimated, and the added value of Guangdong insurance industry might be overrated a little more. After that, future work is put forward.

Keywords

insurance data processing; support vector machines; China catastrophe; Guangdong insurance industry; Guangdong province; SVM method; added value; expected claim rates; nonlife insurance output; Cities and towns; Companies; Data engineering; Forward contracts; Information technology; Insurance; Investments; Protection; Support vector machines; Valves; Non-life insurance added value; Non-life insurance output; Support Vector Machine;

fLanguage

English

Publisher

ieee

Conference_Titel

Intelligent Information Technology Application, 2008. IITA '08. Second International Symposium on

Conference_Location

Shanghai

Print_ISBN

978-0-7695-3497-8

Type

conf

DOI

10.1109/IITA.2008.424

Filename

4739899