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Pricing in General Insurance Pietro Parodi (Swiss Re, London, UK)

Pricing in General Insurance By Pietro Parodi (Swiss Re, London, UK)

Pricing in General Insurance by Pietro Parodi (Swiss Re, London, UK)


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Summary

Pricing in General Insurance, Second Edition presents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate.

Pricing in General Insurance Summary

Pricing in General Insurance by Pietro Parodi (Swiss Re, London, UK)

  • Provides a comprehensive and accessible introduction to general insurance pricing, based on the author's many years of experience as both a teacher and practitioner.
  • Suitable for students taking a course in general insurance pricing, notably if they are studying to become an actuary through the UK Institute of Actuaries exams.
  • No other title quite like this on the market that is perfect for teaching/study, and is also an excellent guide for practitioners.

About Pietro Parodi (Swiss Re, London, UK)

Pietro Parodi has worked in general insurance pricing since 2005. He is currently Head of Methods and Tools for SCOR Specialty Insurance, and since 2012 a part-time lecturer at Bayes (formerly Cass) Business School. He has previously worked at Willis, Aon Benfield and Swiss Re. He is a fellow of the Institute and Faculty of Actuaries in the UK.

In his previous professional incarnations, he was a network administrator/IT project manager and a research scientist in the fields of artificial intelligence and neuroscience. He has a MSc and a PhD in Physics from the University of Genoa, Italy. Prior to university, he studied as an electronics technician at St John Bosco's secondary school in Genoa, where he could have developed some serious practical skills had his attention not been hijacked by the maths around Laplace transforms.

In 2012 he received the Brian Hey Award for his paper Triangle-free reserving, which he presented at GIRO.

He lives in East London with his wife and his four children.

Table of Contents

1.The Pricing Process: A Gentle Start. 2. Insurance and Reinsurance Products. 3.The Cover Structure.4. The Insurance Markets. 5. Pricing in Context. 6. The Scientific Basis for Pricing: Risk Theory. 7. Familiarise Yourself with the Risk. 8. Data Requirements for Pricing. 9. Setting the Loss Inflation Assumptions. 10. Data Preparation. 11. The Burning Cost Approach. 12. What Is This Thing Called Modelling? A Gentle Introduction to Machine Learning. 13. Frequency Modelling: Adjusting for Claim Count IBNR. 14. Frequency Modelling: Selecting and Calibrating a Frequency Model. 15. Severity Modelling: Adjusting for IBNER and Other Factors. 16. Severity Modelling: Selecting and Calibrating a Severity Model. 17. Aggregate Loss Modelling. 18. Identifying, Measuring, and Communicating Uncertanity. 19. Setting the Premium. 20. The Pricing Cycle and Rate Change Calculations. 21. Experience Rating for Non-Proportional Reinsurance. 22. Exposure Rating for Property Insurance. 23. Liability Rating Using Increased Limit Factor Curves. 24. Pricing Considerations for Specific Lines of Business. 25. Catastrophe Modelling in Pricing. 26. Credibilty Theory. 27. Rating Factor Selection and Calibration: GLMs, GAMs, and Regularisation. 28. Multilevel Factors and Smoothing. 29. Pricing Multiple Lines of Business and Risks. 30. Insurance Structure Optimisation. 31. An Introduction to Pricing Models.

Additional information

NGR9780367769031
9780367769031
0367769034
Pricing in General Insurance by Pietro Parodi (Swiss Re, London, UK)
New
Hardback
Taylor & Francis Ltd
2023-05-02
696
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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