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Actuarial Modelling of Claim Counts - Risk Classification, Credibility and Bonus-Malus Systems (Hardcover) Loot Price: R3,023
Discovery Miles 30 230
Actuarial Modelling of Claim Counts - Risk Classification, Credibility and Bonus-Malus Systems (Hardcover): M. Denuit

Actuarial Modelling of Claim Counts - Risk Classification, Credibility and Bonus-Malus Systems (Hardcover)

M. Denuit

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Loot Price R3,023 Discovery Miles 30 230 | Repayment Terms: R283 pm x 12*

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Michel Denuit - Institut de Statistique, Universite Catholique de Louvain, Belgium

Xavier Marechal - Reacfin, Spin-off of the Universite Catholique de Louvain, Belgium

Sandra Pitrebois - Secura, Belgium

Jean-Francois Walhin - Fortis, Belgium

There are a wide range of variables for actuaries to consider when calculating a motorist's insurance premium, such as age, gender and type of vehicle. Further to these factors, motorists' rates are subject to experience rating systems, including credibility mechanisms and Bonus Malus systems (BMSs).

"Actuarial Modelling of Claim Counts" presents a comprehensive treatment of the various experience rating systems and their relationships with risk classification. The authors summarize the most recent developments in the field, presenting ratemaking systems, whilst taking into account exogenous information.

The text: Offers the first self-contained, practical approach to a priori and a posteriori ratemaking in motor insurance. Discusses the issues of claim frequency and claim severity, multi-event systems, and the combinations of deductibles and BMSs. Introduces recent developments in actuarial science and exploits the generalised linear model and generalised linear mixed model to achieve risk classification. Presents credibility mechanisms as refinements of commercial BMSs. Provides practical applications with real data sets processed with SAS software.

"Actuarial Modelling of Claim Counts" is essential reading for students in actuarial science, as well as practicing and academic actuaries. It is also ideally suited for professionals involved in the insurance industry, applied mathematicians, quantitative economists, financial engineers and statisticians.

General

Imprint: John Wiley & Sons
Country of origin: United States
Release date: August 2007
First published: September 2007
Authors: M. Denuit
Dimensions: 245 x 149 x 27mm (L x W x T)
Format: Hardcover
Pages: 384
ISBN-13: 978-0-470-02677-9
Categories: Books > Business & Economics > Finance & accounting > Finance > Insurance > General
Books > Money & Finance > Insurance > General
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LSN: 0-470-02677-4
Barcode: 9780470026779

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