Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal International Journal of Quantitative Research and Modeling
Alfaridzi, Sultan Izbik Riska
Unknown Affiliation
Computer Science & IT Decision Sciences, Operations Research & Management Engineering Environmental Science Physics

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : International Journal of Quantitative Research and Modeling

 1 
Calculation of Motor Vehicle Insurance Premiums by using the Moment Method to Estimate the Aggregate Claim Model Alfaridzi, Sultan Izbik Riska; Prabowo, Agung; Nurhayati, Nunung; Halim, Nurfadhlina Abdul
International Journal of Quantitative Research and Modeling Vol. 5 No. 2 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijqrm.v5i2.685

Abstract

The aggregate claim model is a model that can be used to determine the amount of premium billed to the insured by the insurance company. This model consists of a combination of two independent random variables, namely the number of claims that occur and the size of the claim for each claim submitted. In this study, many claims are Poisson distributed and the size of the claim is exponentially distributed. The method of moments is used to estimate the parameters of each distribution. Based on the calculation results, the amount of premium billed to the insured for one year if based on the pure premium principle is Rp. 112,500,000.00 and if based on the expected value principle, variance value principle, and standard deviation principle is Rp. 165,900,000.00.
Co-Authors Agung Prabowo Halim, Nurfadhlina Abdul Nunung Nurhayati