{"product_id":"9780367769031-pricing-in-general-insurance","title":"Pricing in General Insurance","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003e\u003cp\u003e\u003cem\u003e\u003cstrong\u003ePricing in General Insurance, Second Edition \u003c\/strong\u003e\u003c\/em\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\n\u003cbr\u003e\u003cp\u003eBased 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 – \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\n\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\n\u003cul\u003e\n\u003cli\u003eBackground and context for pricing\u003c\/li\u003e\n\u003cli\u003eProcess of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling)\u003c\/li\u003e\n\u003cli\u003eExposure rating for both property and casualty products\u003c\/li\u003e\n\u003cli\u003eSpecialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives\u003c\/li\u003e\n\u003cli\u003eGeneral-purpose techniques such as credibility, multi-line pricing, and insurance optimisation\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe second edition is a substantial update on the first edition, including:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNew chapter on pricing models: their structure, development, calibration, and maintenance\u003c\/li\u003e\n\u003cli\u003eNew chapter on rate change calculations and the pricing cycle\u003c\/li\u003e\n\u003cli\u003eSubstantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis\u003c\/li\u003e\n\u003cli\u003eExpanded treatment of triangle-free techniques for claim count development\u003c\/li\u003e\n\u003cli\u003eImproved treatment of premium building and capital allocation\u003c\/li\u003e\n\u003cli\u003eExpanded treatment of machine learning\u003c\/li\u003e\n\u003cli\u003eEnriched treatment of rating factor selection, and the inclusion of generalised additive models\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":40808191131745,"sku":"9780367769031","price":131.06,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_26892043.jpg?v=1721332230","url":"https:\/\/www.rarewaves.com\/products\/9780367769031-pricing-in-general-insurance","provider":"Rarewaves.com","version":"1.0","type":"link"}