About: Fractional polynomials analysis of relation between insured accident and selected risk factors

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The paper is devoted to the examination of impact of selected risk factors on the insured accidence in motor hull insurance in the Czech Republic. In compliance with these risk factors, it is possible to determine the probability of insured accident for each policyholder and also to differentiate the paid insurance premiums which should corresponds to the undertaken risk. Therefore the impact of risk factors on the probability of insured accidence should be determined the most precisely. In this purpose, there are considered many joint variables, for instance volume and performance of engine, age of car, age of policyholder, and others. Firstly, using general univariable logistic regression, the most statistically significant risk factors are identified and it is determined how they affects occurrence of insured accident. It is also verified if the relation between them is linear. In the case of non-linearity identified, the most appropriate fractional polynomial function is obtained in order to improve fitting data. Finally, the non-linear functions are subjected to the stability analysis and the resulted linear and non-linear relations are interpreted. The paper is devoted to the examination of impact of selected risk factors on the insured accidence in motor hull insurance in the Czech Republic. In compliance with these risk factors, it is possible to determine the probability of insured accident for each policyholder and also to differentiate the paid insurance premiums which should corresponds to the undertaken risk. Therefore the impact of risk factors on the probability of insured accidence should be determined the most precisely. In this purpose, there are considered many joint variables, for instance volume and performance of engine, age of car, age of policyholder, and others. Firstly, using general univariable logistic regression, the most statistically significant risk factors are identified and it is determined how they affects occurrence of insured accident. It is also verified if the relation between them is linear. In the case of non-linearity identified, the most appropriate fractional polynomial function is obtained in order to improve fitting data. Finally, the non-linear functions are subjected to the stability analysis and the resulted linear and non-linear relations are interpreted. (en)
Title	Fractional polynomials analysis of relation between insured accident and selected risk factors Fractional polynomials analysis of relation between insured accident and selected risk factors (en)
skos:prefLabel	Fractional polynomials analysis of relation between insured accident and selected risk factors Fractional polynomials analysis of relation between insured accident and selected risk factors (en)
skos:notation	RIV/61989100:27510/12:86082693!RIV14-GA0-27510___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GPP403/12/P692)
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Valecký, Jiří
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Vysoká škola báňská - Technická univerzita Ostrava / Ekonomická fakulta
http://linked.open...dnocenehoVysledku	137112
http://linked.open...ai/riv/idVysledku	RIV/61989100:27510/12:86082693
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	incidence of loss; insured accident; insurance premium; motor hull insurance; stability analysis; fractional polynomial; logit model (en)
http://linked.open.../riv/klicoveSlovo	incidence of loss insured accident logit model motor hull insurance insurance premium stability analysis fractional polynomial
http://linked.open...ontrolniKodProRIV	[157832534F63]
http://linked.open...v/mistoKonaniAkce	Karviná
http://linked.open...i/riv/mistoVydani	Opava
http://linked.open...i/riv/nazevZdroje	Proceedings of 30th International Conference Mathematical Methods in Economics : 11-13 September 2012, Karviná, Czech Republic
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Managing and modelling of insurance risks within Solvency II
http://linked.open...UplatneniVysledku	2012
http://linked.open...iv/tvurceVysledku	Valecký, Jiří
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open...ain/vavai/riv/wos	000316715900164
http://linked.open.../riv/zahajeniAkce	2012-09-11 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Slezská univerzita v Opavě
https://schema.org/isbn	978-80-7248-779-0
http://localhost/t...ganizacniJednotka	27510

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