Fundamentals of General Insurance Actuarial Analysis
Title | Fundamentals of General Insurance Actuarial Analysis PDF eBook |
Author | Jacqueline Friedland, FCIA, FCAS, MAAA |
Publisher | ACTEX Publications |
Pages | 441 |
Release | 2014-01-01 |
Genre | Business & Economics |
ISBN | 0975933760 |
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.
Fundamentals of General Insurance Actuarial Analysis
Title | Fundamentals of General Insurance Actuarial Analysis PDF eBook |
Author | Jacqueline Friedland |
Publisher | |
Pages | 870 |
Release | 2013 |
Genre | Insurance |
ISBN | 9780975933770 |
Fundamentals of General Insurance Actuarial Analysis, Second Edition
Title | Fundamentals of General Insurance Actuarial Analysis, Second Edition PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2021-05 |
Genre | |
ISBN | 9780991336326 |
This text introduces the commonly used, basic approaches for reserving and ratemaking in General Insurance. It can be viewed as the next step in a progression from the mathematical content of the preliminary examinations to the mixture of theory and practice in the Fundamentals of Actuarial Practice Course to a practice-oriented approach. Professionalism requirements are interspersed throughout - setting a context for the work that actuaries perform. A very practical approach to education is given through varied examples that are linked from one chapter to another, and from one part of the textbook to another. The examples encountered in one chapter for four fictitious insurers (Auto Insurer, Dental Insurer, Collision Insurer, and Homeowners Insurer) continue in later chapters, as well as in the appendices. Detailed examples are also provided for two self-insured organizations, a captive insurer and a self-insurance pool. These examples demonstrate how traditional actuarial approaches can be applied to self-insurers, a topic not typically addressed in actuarial educational material.
Fundamentals of Actuarial Mathematics
Title | Fundamentals of Actuarial Mathematics PDF eBook |
Author | S. David Promislow |
Publisher | John Wiley & Sons |
Pages | 552 |
Release | 2014-10-27 |
Genre | Mathematics |
ISBN | 1118782496 |
Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical finance. New edition restructures the material to fit into modern computational methods and provides several spreadsheet examples throughout. Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.
Foundations of Casualty Actuarial Science
Title | Foundations of Casualty Actuarial Science PDF eBook |
Author | |
Publisher | |
Pages | 620 |
Release | 1990 |
Genre | Business & Economics |
ISBN |
The Actuarial Practice of General Insurance: Actuarial techniques for general insurance
Title | The Actuarial Practice of General Insurance: Actuarial techniques for general insurance PDF eBook |
Author | David Granville Hart |
Publisher | |
Pages | 246 |
Release | 1987 |
Genre | Insurance |
ISBN | 9780858130470 |
Pricing in General Insurance
Title | Pricing in General Insurance PDF eBook |
Author | Pietro Parodi |
Publisher | CRC Press |
Pages | 739 |
Release | 2023-05-02 |
Genre | Business & Economics |
ISBN | 1000860795 |
Based on the syllabus of the actuarial profession courses on general insurance pricing – with additional material inspired by the author’s own experience as a practitioner and lecturer – Pricing in General Insurance, Second Edition 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 first edition of the book proved very popular among students and practitioners with its pragmatic approach, informal style, and wide-ranging selection of topics, including: Background and context for pricing Process of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling) Exposure rating for both property and casualty products Specialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives General-purpose techniques such as credibility, multi-line pricing, and insurance optimisation The second edition is a substantial update on the first edition, including: New chapter on pricing models: their structure, development, calibration, and maintenance New chapter on rate change calculations and the pricing cycle Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis Expanded treatment of triangle-free techniques for claim count development Improved treatment of premium building and capital allocation Expanded treatment of machine learning Enriched treatment of rating factor selection, and the inclusion of generalised additive models The book delivers a practical introduction to all aspects of general insurance pricing and is aimed at students of general insurance and actuarial science as well as practitioners in the field. It is complemented by online material, such as spreadsheets which implement the techniques described in the book, solutions to problems, a glossary, and other appendices – increasing the practical value of the book.