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Pricing in general insurance

By: Material type: TextTextSeries: Chapman & Hall/CRC series in actuarial sciencePublication details: CRC Press 2023 LondonEdition: 2nd edDescription: xli, 695 p. : ill. Includes bibliographical references & indexISBN:
  • 9780367769031
Subject(s): DDC classification:
  • 368.011 P2P7
Summary: Based 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 – 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. The 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: Background and context for pricing Process of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling) Exposure rating for both property and casualty products Specialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives General-purpose techniques such as credibility, multi-line pricing, and insurance optimisation The second edition is a substantial update on the first edition, including: New chapter on pricing models: their structure, development, calibration, and maintenance New chapter on rate change calculations and the pricing cycle Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis Expanded treatment of triangle-free techniques for claim count development Improved treatment of premium building and capital allocation Expanded treatment of machine learning Enriched treatment of rating factor selection, and the inclusion of generalised additive models The 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. https://www.routledge.com/Pricing-in-General-Insurance/Parodi/p/book/9780367769031#
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Item type Current library Item location Collection Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 26-A / Slot 1201 (0 Floor, East Wing) Non-fiction General Stacks 368.011 P2P7 (Browse shelf(Opens below)) Checked out 17/09/2025 206997

Based 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 – 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.

The 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:

Background and context for pricing
Process of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling)
Exposure rating for both property and casualty products
Specialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives
General-purpose techniques such as credibility, multi-line pricing, and insurance optimisation
The second edition is a substantial update on the first edition, including:

New chapter on pricing models: their structure, development, calibration, and maintenance
New chapter on rate change calculations and the pricing cycle
Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis
Expanded treatment of triangle-free techniques for claim count development
Improved treatment of premium building and capital allocation
Expanded treatment of machine learning
Enriched treatment of rating factor selection, and the inclusion of generalised additive models
The 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.



https://www.routledge.com/Pricing-in-General-Insurance/Parodi/p/book/9780367769031#

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