The Actuarial Practice of General Insurance: Rating, reserving, financial control
Author: David Granville Hart
Publisher:
Published: 1987
Total Pages:
ISBN-13: 9780858130524
DOWNLOAD EBOOKRead and Download eBook Full
Author: David Granville Hart
Publisher:
Published: 1987
Total Pages:
ISBN-13: 9780858130524
DOWNLOAD EBOOKAuthor: David Hindley
Publisher: Cambridge University Press
Published: 2017-10-26
Total Pages: 513
ISBN-13: 1107076935
DOWNLOAD EBOOKThis is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.
Author: Jacqueline Friedland, FCIA, FCAS, MAAA
Publisher: ACTEX Publications
Published: 2014-01-01
Total Pages: 441
ISBN-13: 0975933760
DOWNLOAD EBOOKThis 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: David Granville Hart
Publisher:
Published: 1987
Total Pages: 124
ISBN-13: 9780858130463
DOWNLOAD EBOOKAuthor: Michael Radtke
Publisher: Springer
Published: 2016-10-26
Total Pages: 317
ISBN-13: 3319300563
DOWNLOAD EBOOKThis handbook presents the basic aspects of actuarial loss reserving. Besides the traditional methods, it also includes a description of more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques and the task of calculating best estimates and ranges of future losses. In property and casualty insurance the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of an insurer's balance sheet. For this reason, the determination and evaluation of these loss reserves is of considerable economic importance for every property and casualty insurer. Actuarial students, academics as well as practicing actuaries will benefit from this overview of the most important actuarial methods of loss reserving by developing an understanding of the underlying stochastic models and how to practically solve some problems which may occur in actuarial practice.
Author: Gregory Taylor
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 396
ISBN-13: 1461545838
DOWNLOAD EBOOKAll 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: David Granville Hart
Publisher:
Published: 1987
Total Pages: 246
ISBN-13: 9780858130470
DOWNLOAD EBOOKAuthor: Stephen Diacon
Publisher: Springer
Published: 2016-07-27
Total Pages: 355
ISBN-13: 1349074950
DOWNLOAD EBOOKThis book makes a substantial contribution to the general level of management education in insurance by providing a comprehensive review of the main issues facing the management of insurance enterprises. Nineteen authors with considerable practical as well as academic experience have collaborated to give an international perspective in areas such as strategy, corporate planning, organisation and staffing, costing, underwriting and premium rating, marketing, reserving and investment, profit analysis, and regulation.
Author: Pietro Parodi
Publisher: CRC Press
Published: 2023-05-02
Total Pages: 739
ISBN-13: 1000860795
DOWNLOAD EBOOKBased 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.
Author: Mario V. Wüthrich
Publisher: Springer
Published: 2016-10-22
Total Pages: 145
ISBN-13: 3319466364
DOWNLOAD EBOOKThis is the third edition of this well-received textbook, presenting powerful methods for measuring insurance liabilities and assets in a consistent way, with detailed mathematical frameworks that lead to market-consistent values for liabilities. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency. Including updates on recent developments and regulatory changes under Solvency II, this new edition of Market-Consistent Actuarial Valuation also elaborates on different risk measures, providing a revised definition of solvency based on industry practice, and presents an adapted valuation framework which takes a dynamic view of non-life insurance reserving risk.