Astin Bulletin

Author : Anonim
Publisher : Unknown
Page : 568 pages
File Size : 42,6 Mb
Release : 2007
Category : Insurance
ISBN : UOM:39015072620522

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ASTIN Bulletin by Anonim Pdf

Author : Michel Denuit,Xavier Marechal,Sandra Pitrebois,Jean-Francois Walhin
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 40,6 Mb
Release : 2007-07-27
Category : Mathematics
ISBN : 0470517417

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Actuarial Modelling of Claim Counts by Michel Denuit,Xavier Marechal,Sandra Pitrebois,Jean-Francois Walhin Pdf

There are a wide range of variables for actuaries to consider when calculating a motorist’s insurance premium, such as age, gender and type of vehicle. Further to these factors, motorists’ rates are subject to experience rating systems, including credibility mechanisms and Bonus Malus systems (BMSs). Actuarial Modelling of Claim Counts presents a comprehensive treatment of the various experience rating systems and their relationships with risk classification. The authors summarize the most recent developments in the field, presenting ratemaking systems, whilst taking into account exogenous information. The text: Offers the first self-contained, practical approach to a priori and a posteriori ratemaking in motor insurance. Discusses the issues of claim frequency and claim severity, multi-event systems, and the combinations of deductibles and BMSs. Introduces recent developments in actuarial science and exploits the generalised linear model and generalised linear mixed model to achieve risk classification. Presents credibility mechanisms as refinements of commercial BMSs. Provides practical applications with real data sets processed with SAS software. Actuarial Modelling of Claim Counts is essential reading for students in actuarial science, as well as practicing and academic actuaries. It is also ideally suited for professionals involved in the insurance industry, applied mathematicians, quantitative economists, financial engineers and statisticians.

Author : Anonim
Publisher : John Wiley & Sons
Page : 2163 pages
File Size : 53,8 Mb
Release : 2008-09-02
Category : Mathematics
ISBN : 9780470035498

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Encyclopedia of Quantitative Risk Analysis and Assessment by Anonim Pdf

Leading the way in this field, the Encyclopedia of Quantitative Risk Analysis and Assessment is the first publication to offer a modern, comprehensive and in-depth resource to the huge variety of disciplines involved. A truly international work, its coverage ranges across risk issues pertinent to life scientists, engineers, policy makers, healthcare professionals, the finance industry, the military and practising statisticians. Drawing on the expertise of world-renowned authors and editors in this field this title provides up-to-date material on drug safety, investment theory, public policy applications, transportation safety, public perception of risk, epidemiological risk, national defence and security, critical infrastructure, and program management. This major publication is easily accessible for all those involved in the field of risk assessment and analysis. For ease-of-use it is available in print and online.

Author : David C. M. Dickson
Publisher : Cambridge University Press
Page : 307 pages
File Size : 47,7 Mb
Release : 2016-10-27
Category : Business & Economics
ISBN : 9781107154605

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Insurance Risk and Ruin by David C. M. Dickson Pdf

Balancing rigor and intuition, the new edition of this first course in risk theory has added exercises and expands on contemporary topics.

Author : Greg Taylor
Publisher : MDPI
Page : 108 pages
File Size : 46,6 Mb
Release : 2020-04-15
Category : Business & Economics
ISBN : 9783039286645

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Claim Models by Greg Taylor Pdf

This collection of articles addresses the most modern forms of loss reserving methodology: granular models and machine learning models. New methodologies come with questions about their applicability. These questions are discussed in one article, which focuses on the relative merits of granular and machine learning models. Others illustrate applications with real-world data. The examples include neural networks, which, though well known in some disciplines, have previously been limited in the actuarial literature. This volume expands on that literature, with specific attention to their application to loss reserving. For example, one of the articles introduces the application of neural networks of the gated recurrent unit form to the actuarial literature, whereas another uses a penalized neural network. Neural networks are not the only form of machine learning, and two other papers outline applications of gradient boosting and regression trees respectively. Both articles construct loss reserves at the individual claim level so that these models resemble granular models. One of these articles provides a practical application of the model to claim watching, the action of monitoring claim development and anticipating major features. Such watching can be used as an early warning system or for other administrative purposes. Overall, this volume is an extremely useful addition to the libraries of those working at the loss reserving frontier.

Author : Mario V. Wüthrich,Michael Merz
Publisher : John Wiley & Sons
Page : 438 pages
File Size : 43,8 Mb
Release : 2008-04-30
Category : Business & Economics
ISBN : 9780470772720

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Stochastic Claims Reserving Methods in Insurance by Mario V. Wüthrich,Michael Merz Pdf

Claims reserving is central to the insurance industry. Insurance liabilities depend on a number of different risk factors which need to be predicted accurately. This prediction of risk factors and outstanding loss liabilities is the core for pricing insurance products, determining the profitability of an insurance company and for considering the financial strength (solvency) of the company. Following several high-profile company insolvencies, regulatory requirements have moved towards a risk-adjusted basis which has lead to the Solvency II developments. The key focus in the new regime is that financial companies need to analyze adverse developments in their portfolios. Reserving actuaries now have to not only estimate reserves for the outstanding loss liabilities but also to quantify possible shortfalls in these reserves that may lead to potential losses. Such an analysis requires stochastic modeling of loss liability cash flows and it can only be done within a stochastic framework. Therefore stochastic loss liability modeling and quantifying prediction uncertainties has become standard under the new legal framework for the financial industry. This book covers all the mathematical theory and practical guidance needed in order to adhere to these stochastic techniques. Starting with the basic mathematical methods, working right through to the latest developments relevant for practical applications; readers will find out how to estimate total claims reserves while at the same time predicting errors and uncertainty are quantified. Accompanying datasets demonstrate all the techniques, which are easily implemented in a spreadsheet. A practical and essential guide, this book is a must-read in the light of the new solvency requirements for the whole insurance industry.

Author : Henri Loubergé
Publisher : Springer Science & Business Media
Page : 275 pages
File Size : 47,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400921832

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Risk, Information and Insurance by Henri Loubergé Pdf

Orio Giarini The "Geneva Association" (International Association for the Study of Risk and Insurance Economics) was founded in 1973. The main goal was to stimulate and organize objective research in the field of risk, uncertainty, and insurance, in a world in which such issues were clearly becoming of greater and greater relevance for all economic actors. This was a pioneer ing effort, especially as economic theory and the teaching of economics were still anchored to the key notion of general equilibrium under an assumption of certainty. Thus, we had to start our work almost from scratch. One of the first initiatives was to bring together in Geneva, in June of 1973, all the academics in Europe already involved in risk and insurance economics. We found eight from five different countries who never had met before. This seminar chaired by Raymond Barre, the first president of The Geneva Association, was the first of an annual series that became known as the seminar of "The European Group of Risk and Insurance Economists." Since then more than 100 economists from most European countries as well as participants from two other continents and in particular from the United States have taken part in this seminar.

Author : Klaus Gerathewohl
Publisher : VVW GmbH
Page : 1282 pages
File Size : 55,6 Mb
Release : 1983
Category : Business & Economics
ISBN : 9783899525229

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Reinsurance, Principles and Practice Vol. II by Klaus Gerathewohl Pdf

The reference work for reinsurance.

Author : David Hindley
Publisher : Cambridge University Press
Page : 513 pages
File Size : 51,9 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9781107076938

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Claims Reserving in General Insurance by David Hindley Pdf

This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.

Author : F. Etienne De Vylder,Marc Goovaerts,J. Haezendonck
Publisher : Springer Science & Business Media
Page : 557 pages
File Size : 40,7 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9789400963542

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Premium Calculation in Insurance by F. Etienne De Vylder,Marc Goovaerts,J. Haezendonck Pdf

I am pleased to participate in this Summer School and look forward to sharing some ideas with you over the next few days. At the outset I would like to describe the approach I will take in 1 presenting the material. I aim to present the material in a non rigorous way and hopefully in an intuitive manner. At the same time I will draw attention to some of the major technical problems. It is pitched at someone who is unfamiliar with the area. The results presented here are unfamiliar to actuaries and insurance mathematicians although they are well known in some other fields. During the next few minutes I will make some preliminary comments. The purpose of these comments is to place the lectures in perspective and motivate the upcoming material. After this I will outline briefly the topics to be covered during the rest of this lecture and in the lectures that will follow. One of the central themes of these lectures is RISK-SHARING. Risk-sharing is a common response to uncertainty. Such uncertainty can arise from natural phenomena or social causes. One particular form of risk-sharing is the insurance mechanism. I will be dealing with models which have a natural application in the insurance area but they have been applied in other areas as well. In fact some of the paradigms to be discussed have the capacity to provide a unified treatment of problems in diverse fields.

Author : Rob Kaas,Marc Goovaerts,Jan Dhaene,Michel Denuit
Publisher : Springer Science & Business Media
Page : 394 pages
File Size : 43,8 Mb
Release : 2008-08-17
Category : Business & Economics
ISBN : 9783540709985

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Modern Actuarial Risk Theory by Rob Kaas,Marc Goovaerts,Jan Dhaene,Michel Denuit Pdf

Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility theory, individual and collective model and basic ruin theory. Other topics are risk measures and premium principles, bonus-malus systems, ordering of risks and credibility theory. It also contains some chapters about Generalized Linear Models, applied to rating and IBNR problems. As to the level of the mathematics, the book would fit in a bachelors or masters program in quantitative economics or mathematical statistics. This second and much expanded edition emphasizes the implementation of these techniques through the use of R. This free but incredibly powerful software is rapidly developing into the de facto standard for statistical computation, not just in academic circles but also in practice. With R, one can do simulations, find maximum likelihood estimators, compute distributions by inverting transforms, and much more.

Author : Hanji Shang
Publisher : World Scientific
Page : 282 pages
File Size : 55,5 Mb
Release : 2006
Category : Mathematics
ISBN : 9789812565051

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Actuarial Science by Hanji Shang Pdf

Since actuarial education was introduced into China in the 1980s, Chinese scholars have paid greater attention to the theoretical research of actuarial science. Professors and industry experts from well-known universities in China recently worked together on the project ?Insurance Information Processing and Actuarial Mathematics Theory and Methodology?, which was supported by the Chinese government. Summarizing what they achieved, this volume provides a study of some basic problems of actuarial science, including risk models, risk evaluation and analysis, and premium principles. The contributions cover some new applications of probability and statistics, fuzzy mathematics and financial economics to the field of actuarial practices. Discussions on the new insurance market in China are also presented.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 44,8 Mb
Release : 2024-06-17
Category : Electronic
ISBN : 9789814479332

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Actuarial Science by Anonim Pdf

Author : Hans Bühlmann,Alois Gisler
Publisher : Springer Science & Business Media
Page : 360 pages
File Size : 47,8 Mb
Release : 2005-08-30
Category : Mathematics
ISBN : 3540257535

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A Course in Credibility Theory and its Applications by Hans Bühlmann,Alois Gisler Pdf

This book is ideal for practicing experts in particular actuaries in the field of property-casualty insurance, life insurance, reinsurance and insurance supervision, as well as teachers and students. It provides an exploration of Credibility Theory, covering most aspects of this topic from the simplest case to the most detailed dynamic model. The book closely examines the tasks an actuary encounters daily: estimation of loss ratios, claim frequencies and claim sizes.

Author : Jean Lemaire
Publisher : Springer Science & Business Media
Page : 300 pages
File Size : 54,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401106313

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Bonus-Malus Systems in Automobile Insurance by Jean Lemaire Pdf

Most insurers around the world have introduced some form of merit-rating in automobile third party liability insurance. Such systems, penalizing at-fault accidents by premium surcharges and rewarding claim-free years by discounts, are called bonus-malus systems (BMS) in Europe and Asia. With the current deregulation trends that concern most insurance markets around the world, many companies will need to develop their own BMS. The main objective of the book is to provide them models to design BMS that meet their objectives. Part I of the book contains an overall presentation of the pros and cons of merit-rating, a case study and a review of the different probability distributions that can be used to model the number of claims in an automobile portfolio. In Part II, 30 systems from 22 different countries, are evaluated and ranked according to their `toughness' towards policyholders. Four tools are created to evaluate that toughness and provide a tentative classification of all systems. Then, factor analysis is used to aggregate and summarize the data, and provide a final ranking of all systems. Part III is an up-to-date review of all the probability models that have been proposed for the design of an optimal BMS. The application of these models would enable the reader to devise the system that is ideally suited to the behavior of the policyholders of his own insurance company. Finally, Part IV analyses an alternative to BMS; the introduction of a policy with a deductible.