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Pricing in General Insurance

BOOK DETAIL

Amazon Business : For business-only pricing, quantity discounts and FREE Shipping. Register a free

business account Hardcover: 584 pages Publisher: Chapman and Hall/CRC; 1 edition (October 15, 2014)

Language: English ISBN-10: 1466581441 ISBN-13: 978-1466581449 Product Dimensions: 7.1 x 1.5 x 10

inches Shipping Weight: 2.8 pounds (View shipping rates and policies)

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Book Description

Based on the syllabus of the actuarial industry course on general insurance pricing ― with

additional material inspired by the author’s own experience as a practitioner and lecturer ―

Pricing in General Insurance presents pricing as a formalised process that starts with collecting

information about a particular policyholder or risk and ends with a commercially informed rate.

The main strength of this approach is that it imposes a reasonably linear narrative on the material

and allows the reader to see pricing as a story and go back to the big picture at any time, putting

things into context. Written with both the student and the practicing actuary in mind, this

pragmatic textbook and professional reference: Complements the standard pricing methods with a

description of techniques devised for pricing specific products (e.g., non-proportional reinsurance

and property insurance) Discusses methods applied in personal lines when there is a large amount

of data and policyholders can be charged depending on many rating factors Addresses related

topics such as how to measure uncertainty, incorporate external information, model dependency,

and optimize the insurance structure Provides case studies, worked-out examples, exercises

inspired by past exam questions, and step-by-step methods for dealing concretely with specific

situations Pricing in General Insurance delivers a practical introduction to all aspects of general

insurance pricing, covering data preparation, frequency analysis, severity analysis, Monte Carlo

simulation for the calculation of aggregate losses, burning cost analysis, and more.


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