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Enhancing Risk Management Strategies: GAM Analysis of Health Insurance Claim Determinants Wahyu, Azkanul; Ramdhani, Muhammad Dhafin Qinthar
Operations Research: International Conference Series Vol. 5 No. 1 (2024): Operations Research International Conference Series (ORICS), March 2024
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v5i1.277

Abstract

Health insurance plays a crucial role in providing financial protection and ensuring access to necessary healthcare services. The awareness of Indonesian society regarding the importance of health insurance continues to grow, as evidenced by a 22% increase in premium income according to AAJI data as of March 2023. Despite the benefits of health insurance, an increasing number of insurance participants raises risks for insurance companies. The Generalized Additive Models (GAM) P-Spline can overcome these problems. The non-linear relationship between claim amount with age, body mass index, and blood pressure can be modelled with GAM P-Spline. The formed GAM model with PIRLS unable to give a clear information of relationship between variables explicitly, but can be seen by the shape of the function of each predictor associated with the link function used.
Generalized Additive Models for Modeling Pneumonia Cases in Toddlers in West Java based on the Penalized Spline Estimator Wahyu, Azkanul; Nurul Gusriani; Kankan Parmikanti
EKSAKTA: Berkala Ilmiah Bidang MIPA Vol. 25 No. 02 (2024): Eksakta : Berkala Ilmiah Bidang MIPA (E-ISSN : 2549-7464)
Publisher : Faculty of Mathematics and Natural Sciences (FMIPA), Universitas Negeri Padang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/eksakta/vol25-iss02/491

Abstract

Acute Respiratory Infections (ARI) are one of the causes of high mortality in the world, such as pneumonia in toddlers. Pneumonia cases in West Java are high compared to other provinces. In this study, pneumonia cases will be modeled with Generalized Additive Models (GAM) based on penalized spline estimators. The optimal number of knots is determined using the full search algorithm and the optimal smoothing parameter is obtained based on the minimum Generalized Cross Validation (GCV) value of order one or two. Then, GAM parameter estimation is performed using the local scoring algorithm. Formed model based on the order, number of knots, and smoothing parameters of each predictor variable with order one, number of knots two, and optimal smoothing parameter one for , order two, number of knots three, and optimal smoothing parameter one for , and order one, number of knots two, and optimal smoothing parameter for  whose parameters were estimated by local scoring resulted in a coefficient of determination of 0.679. This indicates that 67.9% of the factors from the predictor variables affect the percentage of pneumonia cases among under-fives while the remaining 32.1% is influenced by other factors outside the model.
Enhancing Risk Management Strategies: GAM Analysis of Health Insurance Claim Determinants Wahyu, Azkanul; Ramdhani, Muhammad Dhafin Qinthar
International Journal of Business, Economics, and Social Development Vol. 5 No. 2 (2024)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i2.661

Abstract

Health insurance plays a crucial role in providing financial protection and ensuring access to necessary healthcare services. The awareness of Indonesian society regarding the importance of health insurance continues to grow, as evidenced by a 22% increase in premium income according to AAJI data as of March 2023. Despite the benefits of health insurance, an increasing number of insurance participants raises risks for insurance companies. The Generalized Additive Models (GAM) P-Spline can overcome these problems. The non-linear relationship between claim amount with age, body mass index, and blood pressure can be modelled with GAM P-Spline. The formed GAM model with PIRLS unable to give a clear information of relationship between variables explicitly, but can be seen by the shape of the function of each predictor associated with the link function used.