Pricing in General InsuranceCRC Press, 15.10.2014 - 584 Seiten 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 co |
Inhalt
Pricing Process A Gentle Start | 3 |
Insurance and Reinsurance Products | 17 |
The Policy Structure | 41 |
The Insurance Markets | 61 |
Pricing in Context | 77 |
The Scientific Basis for Pricing Risk Loss Models and the FrequencySeverity Risk Costing Process | 93 |
Familiarise Yourself with the Risk | 101 |
Data Requirements for Pricing | 105 |
Aggregate Loss Modelling | 239 |
Identifying Measuring and Communicating Uncertainty | 269 |
From Costing to Pricing | 279 |
Experience Rating for NonProportional Reinsurance | 311 |
Exposure Rating for Property | 331 |
Liability Rating Using Increased Limit Factor Curves | 357 |
Pricing Considerations for Specific Lines of Business | 369 |
Catastrophe Modelling | 413 |
Setting the Claims Inflation Assumptions | 115 |
Data Preparation | 123 |
Burning Cost Analysis | 133 |
What Is This Thing Called Modelling? | 157 |
Frequency Modelling Adjusting for Claim Count IBNR | 167 |
Frequency Modelling Selecting and Calibrating a Frequency Model | 187 |
Severity Modelling Adjusting for IBNER and Other Factors | 209 |
Severity Modelling Selecting and Calibrating a Severity Model | 221 |
Credibility Theory | 427 |
Rating Factor Selection and Generalised Linear Modelling | 449 |
Multilevel Factors and Smoothing | 477 |
Pricing Multiple Lines of Business and Risks | 487 |
Insurance Structure Optimisation | 519 |
| 531 | |
Back Cover | 535 |
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Häufige Begriffe und Wortgruppen
actuaries aggregate loss distribution aggregate loss model analysis assume assumptions average burning cost calculated capital catastrophe modelling ceded claim count claims inflation client copula credibility data set deductible depend Equation estimate example expected losses exposure curves extreme value theory Figure frequency model function Gaussian IBNER IBNR ILF curves index clause large losses layer liability limit lines of business Lloyd’s lognormal distribution loss amount loss ratio method Monte Carlo simulation motor negative binomial negative binomial distribution normally number of claims number of losses overall percentiles personal lines Poisson distribution policyholders portfolio pricing probability quota share random variables rating factors reinstatements reinsurance reported retained revalued risk costing risk model risk premium Section severity distribution severity model simple standard deviation statistics tail threshold tion total losses underwriting value at risk volatility weather weather derivatives