Pricing Analysis Of Elevator Insurance Products In Zhejiang Province

People's livelihood is not trivial,the elevator is a big deal.From 1995 to 2018,the number of elevators in zhejiang province increased from more than 4,000 to 540,000.With the continuous increase of the number of elevators,elevator accidents also occur constantly,which have a serious impact on people's life and property safety.In view of the safety hidden danger brought by the elevator,in order to reduce the root of the safety hidden danger brought by the elevator,we need to introduce insurance mechanism to realize the effective management of the elevator.Therefore,it is of great academic value to analyze the pricing of elevator insurance products.Firstly,based on the understanding of the elevator development status in hangzhou,this paper analyzes the causes of the elevator failure in hangzhou.Then,the paper reviews the development of elevator insurance products in China and Japan,and makes a comparative analysis of the existing elevator insurance products.At the same time,considering the current difficulties in the development of elevator insurance products,we hope to improve the coverage of elevator insurance products in zhejiang province through reasonable pricing.Secondly,for elevator insurance products in zhejiang province,this paper mainly analyzes the pricing of two elevator insurance products,namely elevator safety comprehensive insurance and elevator safety liability insurance.As for the elevator safety comprehensive insurance,according to the relevant data of zhejiang elevator safety comprehensive insurance provided by an insurance company,the total rate of elevator safety comprehensive insurance in zhejiang province in 2019 is finally predicted to be 0.7494 yuan / 10,000 yuan by using the non-life insurance actuarial method and gray prediction model and combining the risk premium and cost premium.Than the actual elevator safety insurance rateof 15.8939 yuan/ten thousand yuan insurance amount is lower.For elevator safety liability insurance,the total rate of elevator safety liability insurance in zhejiang province in 2019 is finally predicted to be 0.027 yuan / 10,000 yuan by using the non-life insurance actuarial method and the gray prediction model and taking into account the additional risks and costs.Compared with the actual elevator safety liability insurance rate of0.4882 yuan / 10,000 yuan insurance amount is lower.Therefore,the premium should be reduced to improve the public's insurance intensity for elevator safety comprehensive insurance and elevator safety liability insurance.Finally,in order to improve the acceptance of elevator insurance products by relevant departments and give full play to the role of insurance in supporting economic development,it puts forward certain requirements for government departments,technical institutions,insurance companies and the general public,hoping to guarantee the quality of elevator operation through four-way linkage and reduce the losses caused by elevator accidents.