This diploma project is focused on the estimation of incurred value of claim and probability of the claim remaining opened (not settled) in the specific stage of the insurance settlement process. The change of incurred value of claim means the change of settlement process stage. Generalized linear model is used for modelling these changes. Classical linear regression model also belongs into this theory, which is its special case, just with stricter premises. Generalized linear model among others allows solving the problem of heteroscedasticity in the unusual way using joint model. This model is applied in the practical part of this piece of work. Logistic regression is the part of the generalized linear model theory, which helps to model the probability of the claim remaining opened in this piece of work. The model outcome is presented in graphic way, especially the graphs containing probability that levels of given claim will occur in certain range.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:72690 |
| Date | January 2010 |
| Creators | Kantorová, Petra |
| Contributors | Zimmermann, Pavel, Hrevuš, Jan |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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