Stock image for illustration purposes only - book cover, edition or condition may vary.
Actuarial Modelling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems
Michel Denuit
€ 134.26
FREE Delivery in Ireland
Description for Actuarial Modelling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems
Hardcover. 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). Num Pages: 384 pages, Illustrations. BIC Classification: KFFN. Category: (P) Professional & Vocational. Dimension: 254 x 176 x 28. Weight in Grams: 854.
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).
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 ... Read more
- 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.
Show LessProduct Details
Format
Hardback
Publication date
2007
Publisher
John Wiley & Sons Inc United Kingdom
Number of pages
384
Condition
New
Number of Pages
384
Place of Publication
, United States
ISBN
9780470026779
SKU
V9780470026779
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Michel Denuit
Michel Denuit – Professor, Institute of Actuarial Science, UCL, Belgium. Michel Denuit is Professor of Statistics and Actuarial Science at the Université Catholique de Louvain, Belgium. His major fields of research are risk theory and stochastic inequalities. He has (co-)authored numerous articles that have appeared in applied and theoretical journals and served as member of the editorial board for ... Read more
Reviews for Actuarial Modelling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems
"An excellent text on experience rating that picks up the actuarial reader at almost every level. The authors have found an excellent balance between theory and practice." (Journal of the American Statistical Association, June 2009)