Contacto

Antonio Fernández Morales
Catedrático de Universidad
Departamento de Economía Aplicada (Estadística y Econometría)
Universidad de Málaga
Facultad de Ciencias Económicas y Empresariales
Campus El Ejido, Universidad de Málaga
Calle El Ejido, 6, C.P. 29071, Málaga
e-mail: afdez@uma.es

A.F.M. Invenit et fecit

Application of a Discrete-time Markov Chain Simulation in Insurance

Antonio Fernández-Morales

International Journal of Recent Contributions fron Engineering, Science & IT 3 (3)  2015.

ABSTRACT: This paper describes the application of an online interactive simulator of discrete-time Markov chains to an automobile insurance model. Based on the D3.js library, an interactive visual animation depicts the dynamics of individual policyholders in a bonus-malus system of automobile insurance. A survey was conducted among MSc students who used the simulator to obtain a preliminary assessment of the perceived usefulness in several dimensions of their learning process. The main findings indicate that flexible access via different devices was the most valued feature of this resource. In addition, the possibility of experimenting and simulating by means of controlling the main parameter of the model was also found to be particularly useful.

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