Study of Insurance Claim Using Point Process Models

Process Point is a stochastic model that can explain random natural phenomenon both in space and time The emergence of a claim to the insurance company is an event and random. Completion of such phenomena is generally approximated by stochastic models. This study aims to estimate the chances of the emergence of the claim at an interval that would come on casualty insurance company through Point Process approach. For this purpose equation constructed likelihood of filing a claim. Furthermore, the risk level of the probability of a claim occurrence is estimated by maximum likelihood approach. The result shows that level of risk is influenced by the ratio between the time intervals from the beginning of the emergence of claims lapse estimate the number of days in the interval estimation