{"product_id":"pricing-in-general-insurance-9780367769031","title":"Pricing in General Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eBased on the syllabus of the actuarial profession courses on general insurance pricing â with additional material inspired by the authorâs own experience as a practitioner and lecturer â \u003cstrong\u003e\u003cem\u003ePricing in General Insurance, Second Edition \u003c\/em\u003e\u003c\/strong\u003epresents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate. \u003c\/p\u003e\u003cp\u003eThe 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:\u003c\/p\u003e\u003cul\u003e \u003cli\u003eBackground and context for pricing\u003c\/li\u003e \u003cli\u003eProcess of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling)\u003c\/li\u003e \u003cli\u003eExposure rating for both property and casualty products\u003c\/li\u003e \u003cli\u003eSpecialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weathe\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1.The Pricing Process: A Gentle Start.\u003cb\u003e 2. \u003c\/b\u003eInsurance and Reinsurance Products.\u003cb\u003e 3.\u003c\/b\u003eThe Cover Structure.\u003cb\u003e4. \u003c\/b\u003eThe Insurance Markets.\u003cb\u003e 5. \u003c\/b\u003ePricing in Context.\u003cb\u003e 6. \u003c\/b\u003eThe Scientific Basis for Pricing: Risk Theory.\u003cb\u003e 7. \u003c\/b\u003eFamiliarise Yourself with the Risk.\u003cb\u003e 8. \u003c\/b\u003eData Requirements for Pricing.\u003cb\u003e 9. \u003c\/b\u003eSetting the Loss Inflation Assumptions.\u003cb\u003e 10\u003c\/b\u003e. Data Preparation.\u003cstrong\u003e 11. \u003c\/strong\u003eThe Burning Cost Approach.\u003cb\u003e 12. \u003c\/b\u003eWhat Is This Thing Called Modelling? A Gentle Introduction to Machine Learning.\u003cb\u003e 13. \u003c\/b\u003eFrequency Modelling: Adjusting for Claim Count IBNR.\u003cb\u003e 14. \u003c\/b\u003eFrequency Modelling: Selecting and Calibrating a Frequency Model.\u003cb\u003e 15. \u003c\/b\u003eSeverity Modelling: Adjusting for IBNER and Other Factors.\u003cb\u003e 16. \u003c\/b\u003eSeverity Modelling: Selecting and Calibrating a Severity Model.\u003cb\u003e 17. \u003c\/b\u003eAggregate Loss Modelling.\u003cb\u003e 18. \u003c\/b\u003eIdentifying, Measuring, and Communicating Uncertanity.\u003cb\u003e 19. \u003c\/b\u003eSetting the Premium.\u003cb\u003e 20. \u003c\/b\u003eThe Pricing Cycle and Rate Change Calculations.\u003cb\u003e 21. \u003c\/b\u003eExperience Rating for Non-Proportional Reinsurance.\u003cb\u003e 22. \u003c\/b\u003eExposure Rating for Property Insurance.\u003cb\u003e 23. \u003c\/b\u003eLiability Rating Using Increased Limit Factor Curves.\u003cb\u003e 24. \u003c\/b\u003ePricing Considerations for Specific Lines of Business.\u003cb\u003e 25. \u003c\/b\u003eCatastrophe Modelling in Pricing.\u003cb\u003e 26. \u003c\/b\u003eCredibilty Theory.\u003cb\u003e 27\u003c\/b\u003e. Rating Factor Selection and Calibration: GLMs, GAMs, and Regularisation.\u003cb\u003e 28. \u003c\/b\u003eMultilevel Factors and Smoothing.\u003cb\u003e 29. \u003c\/b\u003ePricing Multiple Lines of Business and Risks.\u003cb\u003e 30. \u003c\/b\u003eInsurance Structure Optimisation.\u003cb\u003e 31. \u003c\/b\u003eAn Introduction to Pricing Models.\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"CRC Press","offers":[{"title":"Default Title","offer_id":51018069115223,"sku":"9780367769031","price":73.14,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780367769031.jpg?v=1750775531","url":"https:\/\/bookcurl.com\/products\/pricing-in-general-insurance-9780367769031","provider":"Book Curl","version":"1.0","type":"link"}