While driver telematics has gained attention for risk classification in auto insurance, scarcity of observations with telematics features has been problematic, which could be owing to either privacy concerns or favorable selection compared to the data points with traditional features. To handle this issue, we apply a data integration technique based on calibration weights for usage-based insurance with multiple sources of data. It is shown that the proposed framework can efficiently integrate traditional data and telematics data and can also deal with possible favorable selection issues related to telematics data availability. Our findings are supported by a simulation study and empirical analysis in a synthetic telematics dataset.
 # Bio

Himchan holds a Ph.D. in Mathematics with a concentration in Actuarial Science from the University of Connecticut, and a M.Sc. (Statistics), B.A. (Business Administration), and B.Sc. (Mathematical Science) from Seoul National University, South Korea. Himchan is also a Fellow of the Society of Actuaries (SOA).

 

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# Location: Zoom https://kaist.zoom.us/j/82217529529 ID: 822 1752 9529

# Presenter: Professor HimChan Jeong , Simon Fraser University

While driver telematics has gained attention for risk classification in auto insurance, scarcity of observations with telematics features has been problematic, which could be owing to either privacy concerns or favorable selection compared to the data points with traditional features. To handle this issue, we apply a data integration technique based on calibration weights for usage-based insurance with multiple sources of data. It is shown that the proposed framework can efficiently integrate traditional data and telematics data and can also deal with possible favorable selection issues related to telematics data availability. Our findings are supported by a simulation study and empirical analysis in a synthetic telematics dataset.
 # Bio

Himchan holds a Ph.D. in Mathematics with a concentration in Actuarial Science from the University of Connecticut, and a M.Sc. (Statistics), B.A. (Business Administration), and B.Sc. (Mathematical Science) from Seoul National University, South Korea. Himchan is also a Fellow of the Society of Actuaries (SOA).