Abstract
The automobile insurance is a massive sector of the whole property insurance industry in China. However, there is a big deficit in this huge market. Since the existing pricing models are only based on the cost and risk factors, we propose a share of choice model based on conjoint analysis and mathematical programming that combines consumers' perception and market share. This model provides a new method to optimize the design of automobile insurance products in China.
Original language | English |
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Title of host publication | 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI) |
Publisher | IEEE |
Pages | 404-409 |
DOIs | |
Publication status | Published - 1 Jul 2012 |
Event | 2012 IEEE International Conference on Service Operations and Logistics and Informatics (SOLI) - Suzhou, China Duration: 8 Jul 2012 → 10 Jul 2012 |
Conference
Conference | 2012 IEEE International Conference on Service Operations and Logistics and Informatics (SOLI) |
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City | Suzhou, China |
Period | 8/07/12 → 10/07/12 |