Modeling frequency and severity of claims with the zero-inflated generalized cluster-weighted models

DOI10.1016/J.INSMATHECO.2020.06.004zbMath1452.91280arXiv1812.11829OpenAlexW3036128637MaRDI QIDQ2212142

Nikola Počuča, Tatjana Miljkovic, Petar Jevtić, Paul D. McNicholas

Publication date: 19 November 2020

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1812.11829

zbMATH Keywords

clusteringgeneral insuranceautomobile claimsclaim frequency modelingclaim severity modelingCWMGCWM

Mathematics Subject Classification ID

Classification and discrimination; cluster analysis (statistical aspects) (62H30) Applications of statistics to actuarial sciences and financial mathematics (62P05) Actuarial mathematics (91G05)

Related Items (6)

Gamma mixture density networks and their application to modelling insurance claim amounts ⋮ Model-based clustering via skewed matrix-variate cluster-weighted models ⋮ Multivariate cluster weighted models using skewed distributions ⋮ Frequency-severity experience rating based on latent Markovian risk profiles ⋮ Prediction of overdispersed count data using real-time cluster-based discretization of explanatory variables ⋮ Finite mixture model of hidden Markov regression with covariate dependence

Uses Software

• R
• CASdatasets
• PMTK

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