Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China

Emmanuel Fragniere, Francesco Moresino, Yi Shen

Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

2 Citations (Scopus)

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.
LanguageEnglish
Title of host publication2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI)
PublisherIEEE
Pages404-409
DOIs
StatusPublished - 1 Jul 2012
Event2012 IEEE International Conference on Service Operations and Logistics and Informatics (SOLI) - Suzhou, China
Duration: 8 Jul 201210 Jul 2012

Conference

Conference2012 IEEE International Conference on Service Operations and Logistics and Informatics (SOLI)
CitySuzhou, China
Period8/07/1210/07/12

Fingerprint

Automobile insurance
Choice models
Mathematical programming
Conjoint analysis
China
Insurance industry
Market share
Property insurance
Risk factors
Consumer markets
Consumer perceptions
Costs

Cite this

Fragniere, E., Moresino, F., & Shen, Y. (2012). Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China. In 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI) (pp. 404-409). IEEE. https://doi.org/10.1109/SOLI.2012.6273571

Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China. / Fragniere, Emmanuel; Moresino, Francesco; Shen, Yi.

2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI). IEEE, 2012. p. 404-409.

Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

Fragniere, E, Moresino, F & Shen, Y 2012, Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China. in 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI). IEEE, pp. 404-409, 2012 IEEE International Conference on Service Operations and Logistics and Informatics (SOLI), Suzhou, China, 8/07/12. https://doi.org/10.1109/SOLI.2012.6273571
Fragniere E, Moresino F, Shen Y. Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China. In 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI). IEEE. 2012. p. 404-409 https://doi.org/10.1109/SOLI.2012.6273571
Fragniere, Emmanuel ; Moresino, Francesco ; Shen, Yi. / Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China. 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI). IEEE, 2012. pp. 404-409
@inbook{ae0fe53fff2045199b32f643e7ebd045,
title = "Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China",
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.",
author = "Emmanuel Fragniere and Francesco Moresino and Yi Shen",
year = "2012",
month = "7",
day = "1",
doi = "10.1109/SOLI.2012.6273571",
language = "English",
pages = "404--409",
booktitle = "2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI)",
publisher = "IEEE",
address = "USA United States",

}

TY - CHAP

T1 - Application of share of choice model in insurance industry based on conjoint analysis and mathematical programming: A case study of automobile insurance in China

AU - Fragniere, Emmanuel

AU - Moresino, Francesco

AU - Shen, Yi

PY - 2012/7/1

Y1 - 2012/7/1

N2 - 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.

AB - 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.

UR - http://dx.doi.org/10.1109/SOLI.2012.6273571

U2 - 10.1109/SOLI.2012.6273571

DO - 10.1109/SOLI.2012.6273571

M3 - Other chapter contribution

SP - 404

EP - 409

BT - 2012 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI)

PB - IEEE

ER -