Download Full eBooks in PDF
Claims Reserving In General Insurance Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Claims Reserving In General Insurance book. This book definitely worth reading, it is an incredibly well-written.
Author : David Hindley
Publisher : Cambridge University Press
Page : 513 pages
File Size : 47,7 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9781107076938
This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.
Author : Mario V. Wüthrich,Michael Merz
Publisher : John Wiley & Sons
Page : 438 pages
File Size : 55,5 Mb
Release : 2008-04-30
Category : Business & Economics
ISBN : 9780470772720
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 : Jacqueline Friedland, FCIA, FCAS, MAAA
Publisher : ACTEX Publications
Page : 441 pages
File Size : 47,6 Mb
Release : 2014-01-01
Category : Business & Economics
ISBN : 9780975933763
This text introduces the commonly used, basic approaches for reserving and ratemaking in General Insurance. The methods are described through detailed examples that are linked from one chapter to another to illustrate their practical application. Also, professionalism requirements and standards of practice are presented to set the context for the methods and examples.
Author : Guangyuan Gao
Publisher : Springer
Page : 205 pages
File Size : 43,7 Mb
Release : 2018-12-31
Category : Mathematics
ISBN : 9789811336096
This book first provides a review of various aspects of Bayesian statistics. It then investigates three types of claims reserving models in the Bayesian framework: chain ladder models, basis expansion models involving a tail factor, and multivariate copula models. For the Bayesian inferential methods, this book largely relies on Stan, a specialized software environment which applies Hamiltonian Monte Carlo method and variational Bayes.
Author : David C. M. Dickson,Mary R. Hardy,Howard R. Waters
Publisher : Cambridge University Press
Page : 180 pages
File Size : 49,5 Mb
Release : 2012-03-26
Category : Business & Economics
ISBN : 9781107608443
"This manual presents solutions to all exercises from Actuarial Mathematics for Life Contingent Risks (AMLCR) by David C.M. Dickson, Mary R. Hardy, Howard Waters; Cambridge University Press, 2009. ISBN 9780521118255"--Pref.
Author : Gregory Taylor
Publisher : Springer Science & Business Media
Page : 396 pages
File Size : 41,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461545835
All property and casualty insurers are required to carry out loss reserving as a statutory accounting function. Thus, loss reserving is an essential sphere of activity, and one with its own specialized body of knowledge. While few books have been devoted to the topic, the amount of published research literature on loss reserving has almost doubled in size during the last fifteen years. Greg Taylor's book aims to provide a comprehensive, state-of-the-art treatment of loss reserving that reflects contemporary research advances to date. Divided into two parts, the book covers both the conventional techniques widely used in practice, and more specialized loss reserving techniques employing stochastic models. Part I, Deterministic Models, covers very practical issues through the abundant use of numerical examples that fully develop the techniques under consideration. Part II, Stochastic Models, begins with a chapter that sets up the additional theoretical material needed to illustrate stochastic modeling. The remaining chapters in Part II are self-contained, and thus can be approached independently of each other. A special feature of the book is the use throughout of a single real life data set to illustrate the numerical examples and new techniques presented. The data set illustrates most of the difficult situations presented in actuarial practice. This book will meet the needs for a reference work as well as for a textbook on loss reserving.
Author : Pietro Parodi
Publisher : CRC Press
Page : 590 pages
File Size : 43,7 Mb
Release : 2014-10-15
Category : Business & Economics
ISBN : 9781466581449
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.
Author : Gregory Clive Taylor
Publisher : North Holland
Page : 252 pages
File Size : 49,5 Mb
Release : 1986
Category : Business & Economics
ISBN : UOM:39015017290472
Author : G. C. Taylor
Publisher : Unknown
Page : 128 pages
File Size : 51,6 Mb
Release : 1986
Category : Electronic
ISBN : 0785542558
Author : Robert L. Brown,Leon R. Gottlieb
Publisher : ACTEX Publications
Page : 204 pages
File Size : 49,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781566986113
Author : Greg Taylor,Gráinne McGuire
Publisher : Unknown
Page : 100 pages
File Size : 46,5 Mb
Release : 2016-05-04
Category : Electronic
ISBN : 0996889701
In this monograph, authors Greg Taylor and Gráinne McGuire discuss generalized linear models (GLM) for loss reserving, beginning with strong emphasis on the chain ladder. The chain ladder is formulated in a GLM context, as is the statistical distribution of the loss reserve. This structure is then used to test the need for departure from the chain ladder model and to consider natural extensions of the chain ladder model that lend themselves to the GLM framework.
Author : I. B. Hossack,J. H. Pollard,B. Zehnwirth
Publisher : Cambridge University Press
Page : 298 pages
File Size : 44,8 Mb
Release : 1999-04
Category : Business & Economics
ISBN : 052165534X
New edition of a very successful introduction to statistical methods for general insurance practitioners.
Author : Erik Bølviken
Publisher : Cambridge University Press
Page : 713 pages
File Size : 43,5 Mb
Release : 2014-04-10
Category : Business & Economics
ISBN : 9780521830485
This practical introduction outlines methods for analysing actuarial and financial risk at a fairly elementary mathematical level suitable for graduate students, actuaries and other analysts in the industry who could use simulation as a problem solver. Numerous exercises with R-code illustrate the text.
Author : Roger J. Gray,Susan M. Pitts
Publisher : Cambridge University Press
Page : 409 pages
File Size : 48,9 Mb
Release : 2012-06-28
Category : Business & Economics
ISBN : 9780521863940
A wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.
Author : Thomas Mikosch
Publisher : Springer Science & Business Media
Page : 435 pages
File Size : 46,8 Mb
Release : 2009-04-21
Category : Mathematics
ISBN : 9783540882336
"Offers a mathematical introduction to non-life insurance and, at the same time, to a multitude of applied stochastic processes. It gives detailed discussions of the fundamental models for claim sizes, claim arrivals, the total claim amount, and their probabilistic properties....The reader gets to know how the underlying probabilistic structures allow one to determine premiums in a portfolio or in an individual policy." --Zentralblatt für Didaktik der Mathematik