K18873
www.crcpress.com
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 specic 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
specic 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.
PRICING IN GENERAL INSURANCE
PRICING IN GENERAL INSURANCE
Parodi
Statistics
K18873_cover.indd 1 8/27/14 8:31 AM
PRICING IN
GENERAL
INSURANCE
PRICING IN
GENERAL
INSURANCE
Pietro Parodi
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