Cargo transportation insurance pricing method

Abstract

The invention discloses a cargo transportation insurance pricing method, which comprises the following steps that: (1) an underwriting person obtains authorization of an insurer or an insured person;(2) the underwriting person inputs the collected cargo transportation plan route information and the identity information of the insured person or the insured person into a server system; (3) the server system inquires weather prediction information of counties along the way and credit risk information of an insured or insured person through assistance of external data; (4) the underwriting personoutputs a weather risk coefficient and a credit risk coefficient of an insurer or an insured person through a risk coefficient evaluation model according to the weather prediction information and thecredit risk information fed back by the server system, and provids a decision basis for pricing and underwriting of the cargo transportation insurance; and (5) the underwriting person feeds back insurance premium and underwriting conditions and schemes to the insured person or the insured person based on the insurance reference rate and the two risk coefficients. Fine and precise pricing is carried out on the cargo transportation insurance, and steady operation of the business is facilitated.

Description

technical field [0001] The invention relates to an insurance pricing method, in particular to a cargo transportation insurance pricing method. Background technique [0002] In cargo transportation insurance, how to fine-tune risk pricing for a single risk and how to measure the impact of indirect related risks on insurance risks has always been the focus of risk control in this business line. Under the trend of the transformation of China's insurance industry to the Internet and technology, the pricing and underwriting of the insurance industry is bound to develop in a multi-dimensional and digital direction, and the support of more big data tools is essential in this regard. At present, the insurance institutions engaged in cargo transportation insurance have not yet taken into account the weather risk of the cargo transportation and the credit risk of the policyholder or the insured in risk pricing. The underwriter can only rely on inquiries from the policyholder or the in...

AI Technical Summary

Problems solved by technology

At present, the insurance agencies engaged in cargo transportation insurance have not taken into account the weather risk of the cargo transportation and the credit risk of the policyholder or the insured in risk pricing. The underwriter can only rely on inquiries from the policyholder or the insured, online Inquiry and own experience to conduct relevant risk considerations and complete quotations, which caused the insurance company to be unable to accurately measure the risk exposure of this business line, which affected the stable operation of the business to a certain extent

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