RISK MODEL ANALYSIS AND CALCULATION OF PURE PREMIUM ON OCCUPATIONAL SAFETY INSURANCE IN BRIDGE CONSTRUCTION PROJECTS USING GENERALIZED LINIEER MODELS

The high rate of work accidents experienced by construction workers can imply with various kinds of losses such as delays in project completion and the large costs incurred to pay for the care of these workers. There is uncertainty in the amount of costs that must occur when a work accident occur...

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Bibliographic Details
Main Author: Amaliyah Maryama, Andi
Format: Theses
Language:Indonesia
Online Access:https://digilib.itb.ac.id/gdl/view/54929
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Institution: Institut Teknologi Bandung
Language: Indonesia
Description
Summary:The high rate of work accidents experienced by construction workers can imply with various kinds of losses such as delays in project completion and the large costs incurred to pay for the care of these workers. There is uncertainty in the amount of costs that must occur when a work accident occurs, therefore the author will do a modeling with the GLM method which can estimate the probability of workers having an accident in the work process by considering the factors of age, weight and length of work experience. The data used are data obtained from PT. PP Persero for the Kendari Bay Bridge project. The results show that the insurance premium obtained is feasible to offer because it is smaller than what must be notified if the company does not follow work accident insurance