| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076958 | Insurance: Mathematics and Economics | 2012 | 14 Pages |
Abstract
⺠We model the delay between diagnosis and settlement in Critical Illness Insurance. ⺠Data were supplied by CMI and relate to claims settled in the years 1999-2005. ⺠A Bayesian 3-parameter Burr generalised-linear-type model is fitted using MCMC. ⺠Variable selection is used to choose claim-related factors that affect the delay. ⺠We estimate missing diagnosis dates and allow claims to be classified accordingly.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Erengul Ozkok, George Streftaris, Howard R. Waters, A. David Wilkie,