Pricing in General Insurance / Pietro Parodi.

Format:

Book

Author/Creator:

Parodi, Pietro, author.

Language:

English

Subjects (All):

Insurance--Rates.

Insurance.

Insurance premiums.

Pricing.

Physical Description:

1 online resource (739 pages)

Edition:

Second edition.

Place of Publication:

Boca Raton, FL : CRC Press, [2023]

Summary:

"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"-- Provided by publisher.

Notes:

<P>1. The Pricing Process: A Gentle Start. </P><P>2. Insurance and Reinsurance Products. </P><P>3. The Cover Structure. </P><P>4. The Insurance Markets. </P><P>5. Pricing in Context. </P><P>6. The Scientific Basis for Pricing: Risk Theory. </P><P>7. Familiarise Yourself with the Risk. </P><P>8. Data Requirements for Pricing. </P><P>9. Setting the Loss Inflation Assumptions. </P><P>10. Data Preparation. </P><P>11. The Burning Cost Approach. </P><P>12. What Is This Thing Called Modelling? A Gentle Introduction to Machine Learning.</P><P>13. Frequency Modelling: Adjusting for Claim Count IBNR. </P><P>14. Frequency Modelling: Selecting and Calibrating a Frequency Model. </P><P>15. Severity Modelling: Adjusting for IBNER and Other Factors. </P><P>16. Severity Modelling: Selecting and Calibrating a Severity Model. </P><P>17. Aggregate Loss Modelling. </P><P>18. Identifying, Measuring, and Communicating Uncertanity. </P><P>19. Setting the Premium. </P><P>20. The Pricing Cycle and Rate Change Calculations. </P><P>21. Experience Rating for Non-Proportional Reinsurance. </P><P>22. Exposure Rating for Property Insurance. </P><P>23. Liability Rating Using Increased Limit Factor Curves. </P><P>24. Pricing Considerations for Specific Lines of Business. </P><P>25. Catastrophe Modelling in Pricing. </P><P>26. Credibilty Theory. </P><P>27. Rating Factor Selection and Calibration: GLMs, GAMs, and Regularisation. </P><P>28. Multilevel Factors and Smoothing. </P><P>29. Pricing Multiple Lines of Business and Risks. </P><P>30. Insurance Structure Optimisation. </P><P>31. An Introduction to Pricing Models. </P>

Includes bibliographical references and index.

Description based on print version record.

Other Format:

Print version: Parodi, Pietro Pricing in General Insurance

ISBN:

1-00-316888-4

1-003-16888-4

1-000-86079-5

1-000-86083-3

9781003168881

OCLC:

1377216400