Women and insurance pricing policies: a gender-based analysis with GAMLSS on two actuarial datasets.

ABSTRACT: In most of the United States, insurance companies may use gender to determine car insurance rates. In addition, several studies have shown that women over the age of 25 generally pay more than men for car insurance. Then, we investigate whether the distributions of claims for women and men differ in location, scale and shape by means of the GAMLSS regression framework, using microdata provided by U.S. and Australian insurance companies, to use this evidence to support policy makers' decisions. We also develop a parametric-bootstrap test to investigate the tail behavior of the distributions. When covariates are not considered, the distribution of claims does not appear to differ by gender. When covariates are included, the regressions provide mixed evidence for the location parameter. Howev

SUBMITTER: Pernagallo G 

PROVIDER: S-EPMC10853228 | biostudies-literature | 2024 Feb

REPOSITORIES: biostudies-literature