Research On Vehicle Insurance Pricing Based On UBI Driving Behavior Score

Traditional commercial auto insurance usually only considers the vehicle’s own situation when pricing,ignoring the driver’s man-made operational risk.Because the driving behavior is different,the corresponding risk is different,so the driving behavior is taken into account for the insurance company and the driver.It’s all fairer.This paper mainly studies the auto insurance pricing based on the UBI driving behavior score.Firstly,according to the test database published by Eduardo Romera and others,we use a certain algorithm to convert the original collected data into seven evaluation indicators,namely braking,acceleration,turning,Change lanes,distance,speed and offset.Through the relevant data and research,the identification methods of these seven evaluation indicators were obtained,and the scoring standards were set for each index.Secondly,the original records are screened from the database.The scores of the seven evaluation indicators are obtained by the scoring model.Based on the comprehensive scores of the evaluation indicators,this paper uses the improved entropy weight-analytic hierarchy method to determine each.The weight of the evaluation index is combined with the comprehensive score and weight of the evaluation index to obtain a comprehensive score of the driver’s driving behavior.After that,according to the formula of the vehicle-to-vehicle fee change,it is found that only the self-insurance factor is calculated by the insurance company actuary according to the insured’s own risk.This is the breakthrough point for the insurance company to innovate UBI insurance,so this article will drive the driving behavior score and self-nuclear The guarantee coefficient is linked,the independent underwriting coefficient is linked with the rate adjustment factor,the rate adjustment factor is linked to the premium price,and finally the driving behavior score is linked to the premium price,and the auto insurance pricing based on the UBI driving behavior score is realized.On the one hand,the auto insurance pricing model based on the UBI driving behavior score makes the auto insurance pricing more reasonable.On the other hand,it can promote the driver to develop good driving habits,reduce the incidence of traffic accidents,and promote social stability.