literature review on motor insurance

Since the trend in innovative motor insurance revealed above is to implement schemes that progressively incorporate travel and behavioural factors the authors consider that future models will be in the form of Pay-As-How-You-Drive (PAHYD) including parameters from both PAYD and PHYD models. ... The above literature review reveals a trend in ...

Innovative motor insurance schemes: A review of current practices and emerging challenges: 82: 13.67: Baecke & Bocca (2017) ... The study examined telematics-based automotive insurance literature from 2002 to 2022 using bibliometric analysis. The analysis included high-productivity countries, authors, research, and publication venues. ...

The academic research on the motor insurance business often deals with the highly competitive market conditions, market growth, and market profitability ... individualization and flexibilization as well as urbanization based on a literature review. We further focus on the three major trends regarding new mobility concepts: autonomous driving ...

Literature review on Insurance Transformation. October 2018. Authors: Matthias de Ferrieres. University of Chicago. Content uploaded by Matthias de Ferrieres. Author content. Content may be ...

Motor Vehicle Insurance Industry in India: A Review. July 2023. DOI: 10.1002/9781394167944.ch2. In book: The Impact of Climate Change and Sustainability Standards on the Insurance Market (pp.23-40 ...

2. Literature review. According to Mossin (Citation 1968), insurance increases welfare by transferring uncertainty from risk-averse individuals to risk-neutral insurers, who pool together a wide range of risks for better risk management.On the one hand, theoretical models of non-life insurance demand (Arrow, Citation 1971; Mossin, Citation 1968; Pratt, Citation 1964) forecast increasing demand ...

The literature is evolving, and most reviews have focused on technologies or insurance value chain aspects. This systematic review of research on digital technologies in insurance discusses their benefits, enablers and inhibitors with specific reference to Industry 4.0-driven changes and identifies opportunities and imminent changes in the ...

The motor insurance policy holders are taken as the respondents for this study. ... Review of Literature Ramakrishna ( 2005) in his article " To Bring That Smile- Consumer care as a competitive tool" reveals that the consumer is King and he pays for the insurer to treat him as such, and observes providing guidelines to achieve customer ...

Background: Unlike other financial services, technology-driven changes in the insurance industry have not been a vastly explored topic in scholarly literature. Incumbent insurance companies have hitherto been holding their positions using the complexity of the product, heavy regulation, and gigantic balance sheets as paramount factors for a relatively slow digitalization and technological ...

The existing literature on the German motor insurance business is interested in a variety of topics. One of the most-covered topics is insurance pricing. ... Risk Management and Insurance Review 19(2):197-223. Article Google Scholar Marsh and McLennan (2015) Europe, the Middle East, and Africa insurance market report 2015, technical report ...

Our dataset comes from the motor portfolio of an insurance company operating in Athens, Greece and spans a period from 2008 to 2020. ... Blier-Wong et al. performed a literature review on the application of ML methods on the property and casualty insurance actuarial tasks and in pricing and reserving. They drafted potential future applications ...

The purpose of this paper is to provide a systematic literature review of available research evidence on insurance awareness. Key word search was performed and an analysis was made to achieve the objective of this study. From the systematic search, 40 research papers published for the period between 2012 and October 2017 were found, collected and analysed with respect to bibliographical ...

This literature review is conducted according to the highly-cited (Google Scholar, 2023) ... Evaluating their approach using a resampled motor insurance claims data set from a German insurer, they applied a genetic algorithm to optimise the weights of all rules in the extended rule base. This yielded an observable distinction between rules ...

and road accidents on motor insurance premium. HI: There is no significance impact of Auto mobile sales, Auto claims incurred, Road length and road accidents on motor insurance premium. LITERATURE REVIEW . Kumar N.B and Vadivel J A (2016) examined the awareness of the policy holders on various aspect of motor vehicle insurance on credit policy.

literature study represents the starting phase, after which an empirical survey is conducted. The empirical study focuses on the perceptions of the ... motor vehicle insurance (Sloan & Githens, 1994:34). insurable interest is not present. 2.5 Address of the proposer The address of the proposer indicates the territory in

LITERATURE REVIEW 2.1 Section I: The Safety problem 2.1.1 Introduction Travel by motor vehicles provides unprecedented degree of mobility, leading to continuous ... crash costs, primarily through insurance premiums and taxes. Motor vehicle crash costs funded through public revenues cost taxpayers $13.8 billion in 1994, the equivalent of $144 in ...

By integrating claims data from Taiwan's compulsory liability insurance with a unique data set on driving mileage records for each car, this article examines whether green car drivers have lower ...

Good Essays. 1146 Words. 5 Pages. Open Document. Literature Review. I. According to "The Effect of Automobile Insurance and Accident Liability Laws on Traffic Fatalities", Alma and Rajeev (2003) investigated the stimulant effects of automobile insurance, compulsory insurance laws, and no-fault liability laws on driver behavior and traffic ...

1838 Words8 Pages. Car Insurance (Takaful) in U.A.E. Literature Review. I. INTRODUCTION. Insurance is the reasonable transfer of the risk of a loss from one body to another in trade for payment. It is a form of risk management mainly used to attach against the risk of a group uncertain loss. An insurer is a company selling the insurance and ...

Purpose: The purpose of this study is to understand the customer awareness on car insurance policies with special reference to United India Insurance with the important element to improve the customer awareness towards insurance policies based on literature review and case study of successful vehicle Insurance Company.

Find out how AAA car insurance compares to other providers in terms of coverage, discounts, and customer service. Read our unbiased review for 2024.

Literature review. Financial frauds are causing significant losses, prompting researchers and academics to develop a robust way to detect and prevent frauds. ... In the car insurance dataset, the 'driver_rating' attribute has some missing values, which are replaced with the most frequently occurring value for that specific attribute. 3.2.4.

Auto-Owners had far fewer than the expected number of complaints about auto insurance to state regulators relative to its size, according to three years' worth of data from the National ...

Keywords: Consumers' Insurance Literacy, Insurance literacy measur e, Insurance Knowledge, insurance education, Financial Literacy, Insura nce DOI : 10.7176/EJBM/11-26-05

1. Choose a financially stable company. The best car insurance companies have plenty of money on hand to pay for customers' claims. It's important to check an insurer's financial stability ...

Compare car insurance rates by company, state, coverage type, and more. ... To build our ratings, we researched more than 43 car insurance companies and agencies, analyzed 10 third-party review ...

Compare AutoInsurance Policies. The other option is to pay my entire six-month premium in full. In exchange for paying for my coverage up front, my car insurance company offers me a big discount ...

Tesla Model Y -- $4,247. Tesla Model 3 -- $4,432. Porsche Taycan 4 -- $4,582. Tesla Model S -- $5,318. On average, the 10 cheapest EVs cost about $4,065 per year ($339 per month) to charge and buy ...

Purpose: There is scope to identify the risks presented by vehicles that Maltese insurance companies insure and which they use in the determination of the premium to be charged for motor insurance ...

Skepticism grows as Alberta launches survey on auto insurance. Previous reports, a decade or more ago, pegged the proportion at 2.7 per cent. But premiums have taken a much bigger bite out of ...