Research On The Design Of Ride-hailing Car Insurance Based On UBI

In recent years,car-hailing serivice is more and more popular in many cities and countries with a vigorous develop trend.However,as China's car-hailing is still in its initial stage,the related management level and insurance mechanism are imperfect.Thus,there is a increasing need for the new type car insurance to improve the car-hailing market since the current problems of sparse legislation,few insurance types and passive insurance purchase.UBI(Usage Based Insurance)pricing model based on driving behavior and driving environment is originated from the United States.This model could provide a more reasonable soluation for car-hailing insurance with "people" as its core factor.The gradually reform of domestic commercial car insurance rates and the further evolution of car networking technology creat a precise opportuntity for the promotion of UBI car insurance.However,car-hailing is the best applicable scenario for the development of UBI car insurance in China.The foundamental principle of UBI car insurance pricing is to use the Car Networking Technology to record the driving habits of the car owner through the on-board system.This can accurately assess the operating risk of each car,and then conduct differentiated and precise car insurance pricing.The UBI car insurance model can take into account the characteristics of both online car-hailing operation and private car non-operation,and has important significance for the development of innovative online car-hailing insurance products.This thesis devotes to solving the problem that the existing domestic car insurance products cannot get along with the development of online car-hailing,and aims to design insurance products suitable for online car-hailing based on the UBI car insurance model.Firstly,the feasibility and necessity of UBI car insurance design are analyzed.Then the practical exploration of UBI car insurance model and its pricing principles is studied in detail.Meanwhile,based on this model,the design scheme of car-hailing insurance products is established.In addition to the static risk factors used in traditional car insurance,UBIcar insurance also consider dynamic risk factors such as driving behavior in a timely manner.Based on these driving behavior factors,a driving behavior scoring model is designed,and by quantifying the driving behavior and adjusting the rate coefficient Linking.As a result,the rate adjustment coefficient of UBI car insurance for online car rental is obtained and the pricing of car insurance is completed.The operating data of two online car-hailing cars and an example analysis of premium prices are selected and conducted.Finally,it is concluded that the online car-hailing UBI car insurance is more fair and reasonable than traditional car insurance pricing,and its pricing mechanism is feasible.The development of UBI car insurance products is not only an innovation of online car insurance products,it can solve the current chaos in the online car insurance market.Furthermore,it can also promote the healthy development of the transportation operation industry in China.