Data Science Commons^™

Investigation Of Key Factors To Earthquake Insurance Take-Up Rates In Quebec And British Columbia Households And Prediction Model Building, Yongcheng Jiang

Undergraduate Student Research Internships Conference

Maintaining an adequate level of earthquake take-up rate could protect the insurance industry from systemic failure. Past research has shown that British Columbia and Quebec have significant differences in earthquake insurance take-up rate. This report investigates key factors from the structure (default options and various types) of the insurance plan and personal characteristics along with socioeconomic/demographic profiles that affect the demand for earthquake protection in the form of insurance. The report also provides a prediction model for earthquake insurance take-up rate. The results show an importance ranking of key factors of earthquake insurance take up, the most important three are …