Bundled Automobile Insurance Coverage and Accidents

ASIAIR > College of Management > Department of International Business > Journal Artical > Item 310904400/25304

Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/25304

Title:	Bundled Automobile Insurance Coverage and Accidents
Authors:	利菊秀;Li, Chu-Shiu;Li, Chwen-Chi;Liu, Chwen-Chi;Sheng-Chang;Peng, Sheng-Chang
Contributors:	國際企業學系
Keywords:	Automobile accidents;Bundled coverage;Automobile insurance
Date:	2013-01
Issue Date:	2013-07-11 06:07:37 (UTC+0)
Abstract:	This paper investigates the characteristics of automobile accidents by taking into account two types of automobile insurance coverage: comprehensive vehicle physical damage insurance and voluntary third-party liability insurance. By using a unique data set in the Taiwanese automobile insurance market, we explore the bundled automobile insurance coverage and the occurrence of claims. It is shown that vehicle physical damage insurance is the major automobile coverage and affects the decision to purchase voluntary liability insurance coverage as a complement. Moreover, policyholders with high vehicle physical damage insurance coverage have a significantly higher probability of filing vehicle damage claims, and if they additionally purchase low voluntary liability insurance coverage, their accident claims probability is higher than those who purchase high voluntary liability insurance coverage. Our empirical results reveal that additional automobile insurance coverage information can capture more driver characteristics and driving behaviors to provide useful information for insurers' underwriting policies and to help analyze the occurrence of automobile accidents. Copyright © 2012 Elsevier Ltd. All rights reserved.
Relation:	Accident Analysis and Prevention
Appears in Collections:	[Department of International Business] Journal Artical

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