BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 17 No 1 (2023): BAREKENG: Journal of Mathematics and Its Applications

LOGISTIC MODELING TO PREDICT THE INTEREST OF THE INDONESIAN PEOPLE FOR BUYING FLOOD IMPACTED INSURANCE PRODUCTS

Hikmah, Yulial (Unknown)



Article Info

Publish Date
16 Apr 2023

Abstract

Indonesia is a country located on the equator and in the form of an archipelago. It has a high potential for various types of hydrometeorological-related disasters, such as floods, flash floods, droughts, extreme weather, etc. Almost all cities in Indonesia experience flooding every year, including DKI Jakarta, the capital city of Indonesia. Based on data from the National Disaster Management Agency (BNPB) in 2020, East Jakarta is a city that is prone to flooding. According to BNPB (2013), flooding is a disaster that relatively causes the most losses. Losses caused by floods, especially indirect losses, may rank first or second after an earthquake or tsunami. Floods cause so many losses, and it is necessary to have disaster mitigation efforts to minimize the possibility of flood risks. One risk mitigation due to natural disasters is buying insurance products. However, not everyone buys flood-impact insurance products due to economic and social factors. This study aims to create a model with the Logistics Regression Model to determine the factors influencing Indonesian people's interest in purchasing flood-impact insurance products. The research data is from 140 households in East Jakarta, Indonesia, using a non-probability purposive sampling technique. Furthermore, with a significance level of 10%, the logistic regression model obtained 14 significant regression coefficients. In the end, the obtained model is evaluated based on its level of accuracy. The results showed that the accuracy rate was almost excellent, namely 89.3%.

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Journal Info

Abbrev

barekeng

Publisher

Subject

Computer Science & IT Control & Systems Engineering Economics, Econometrics & Finance Energy Engineering Mathematics Mechanical Engineering Physics Transportation

Description

BAREKENG: Jurnal ilmu Matematika dan Terapan is one of the scientific publication media, which publish the article related to the result of research or study in the field of Pure Mathematics and Applied Mathematics. Focus and scope of BAREKENG: Jurnal ilmu Matematika dan Terapan, as follows: - Pure ...