A framework for computing workers' compensation insurance premiums in construction Imriyas, Kamardeen en_US Low, S.P en_US Teo, A.L en_US 2021-11-25T13:36:57Z 2021-11-25T13:36:57Z 2007 en_US
dc.description.abstract Singapore’s general insurers have been recording detrimental loss ratios in workers’ compensation insurance business for construction projects. This is due to the ineffectiveness in the risk assessment for premium-rating and the failure of contractors to provide adequate safety measures with an increased reliance on the workers’ compensation insurance. Based on the findings of an extensive literature review and an interview questionnaire survey in the general insurance industry of Singapore, a new premium-rating framework is proposed. The proposed new premium-rating framework facilitates structured assessments of risks in construction projects and market conditions to derive optimal premiums. It also establishes an effective risk control strategy via a wellstructured incentive system for contractors and clients. The implementation of the framework in the general insurance industry can facilitate accident control in the construction industry and thereby minimize insurers’ financial risks. en_US
dc.identifier.issn 0144-6193 en_US
dc.language English
dc.language.iso EN en_US
dc.rights CC BY-NC-ND 3.0 en_US
dc.rights.uri en_US
dc.source Legacy MARC en_US
dc.subject.other Injury. en_US
dc.subject.other Insurance. en_US
dc.subject.other Operatives. en_US
dc.subject.other Safety. en_US
dc.subject.other Workers compensation. en_US
dc.title A framework for computing workers' compensation insurance premiums in construction en_US
dc.type Journal Article en
dcterms.accessRights metadata only access
dspace.entity.type Publication en_US
unsw.identifier.doiPublisher en_US
unsw.relation.faculty Arts Design & Architecture
unsw.relation.ispartofissue 6 en_US
unsw.relation.ispartofjournal Construction Management and Economics en_US
unsw.relation.ispartofpagefrompageto 563-584 en_US
unsw.relation.ispartofvolume 25 en_US
unsw.relation.originalPublicationAffiliation Imriyas, Kamardeen, Faculty of Built Environment, UNSW en_US
unsw.relation.originalPublicationAffiliation Low, S.P en_US
unsw.relation.originalPublicationAffiliation Teo, A.L en_US School of Built Environment *
Resource type