Non-Life Insurance Pricing with Generalized Linear Models

by Esbjorn Ohlsson, Björn Johansson

Non-life insurance pricing is the art of setting the price of an insurance policy, taking into consideration varoius properties of the insured object and the policy holder. Introduced by British actuaries generalized linear models (GLMs) have become today a the standard aproach for tariff analysis. The book focuses on methods based on GLMs that have been found useful in actuarial practice and provides a set of tools for a tariff analysis. Basic theory of GLMs in a tariff analysis setting is presented with useful extensions of standarde GLM theory that are not in common use. The book meets the European Core Syllabus for actuarial education and is written for actuarial students as well as practicing actuaries. To support reader real data of some complexity are provided at www.math.su.se/GLMbook.

187 pages, Paperback

First published March 1, 2010

Reviews

[Cold · Rating 3 out of 5]

Interesting to see what can be done with a lot of high quality data. My experience working at an insurance start-up was a long way from these techniques.