An introduction to short term actuarial models in property and casualty insurance. Topics covered include Theory of Credibility, Pricing and Reserving. Credibility: Limited fluctuation (classical) credibility, Bayesian credibility, Bühlmann and Bühlmann-Straub models. Pricing: Rating factors, exposure, experience rating, calculate premiums using the pure premium and loss ratio methods. Reserving: Techniques for estimating unpaid losses from a run-off triangle (deterministic methods as Chain-Ladder, Bornhuetter-Ferguson) and introduction to stochastic reserving.
An introduction to short term actuarial models in property and casualty insurance. Topics covered include Theory of Credibility, Pricing and Reserving. Credibility: Limited fluctuation (classical) credibility, Bayesian credibility, Bühlmann and Bühlmann-Straub models. Pricing: Rating factors, exposure, experience rating, calculate premiums using the pure premium and loss ratio methods. Reserving: Techniques for estimating unpaid losses from a run-off triangle (deterministic methods as Chain-Ladder, Bornhuetter-Ferguson) and introduction to stochastic reserving.
