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Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance: International Series on Actuarial Science

Editat de Edward W. Frees, Glenn Meyers, Richard A. Derrig
en Limba Engleză Hardback – 26 iul 2016
Predictive modeling uses data to forecast future events. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. Predictive Modeling Applications in Actuarial Science emphasizes life-long learning by developing tools in an insurance context, providing the relevant actuarial applications, and introducing advanced statistical techniques that can be used to gain a competitive advantage in situations with complex data. Volume 2 examines applications of predictive modeling. Where Volume 1 developed the foundations of predictive modeling, Volume 2 explores practical uses for techniques, focusing on property and casualty insurance. Readers are exposed to a variety of techniques in concrete, real-life contexts that demonstrate their value and the overall value of predictive modeling, for seasoned practicing analysts as well as those just starting out.
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Specificații

ISBN-13: 9781107029880
ISBN-10: 1107029880
Pagini: 330
Dimensiuni: 177 x 254 x 21 mm
Greutate: 0.75 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria International Series on Actuarial Science

Locul publicării:New York, United States

Cuprins

1. Pure premium modeling using generalized linear models Ernesto Schirmacher; 2. Applying generalized linear models to insurance data - frequency-severity vs pure premium modeling Dan Tevet; 3. GLMs as predictive claim models Greg Taylor and James Sullivan; 4. Frameworks for general insurance ratemaking - beyond the generalized linear model Peng Shi and James Guszczaz; 5. Using multilevel modeling for group health insurance ratemaking - a case study from the Egyptian market Mona S. A. Hammad and Galal A. H. Harby; 6. Clustering in general insurance pricing Ji Yao; 7. Advanced unsupervised learning methods applied to insurance claims data Louise A. Francis; 8. The predictive distribution of loss reserve estimates over a finite time horizon Glenn Meyers; 9. Finite mixture model and workers compensation large loss regression analysis Luyang Fu and Xianfang Liu; 10. A framework for managing claim escalation using predictive modeling Mohamad A. Hindawi and Claudine H. Modlin; 11. Predictive modeling for usage-based auto insurance Udi Makov and Jim Weiss.

Recenzii

Praise for Volume 1: 'With contributions coming from a wide variety of researchers, professors, and actuaries - including several CAS Fellows - it's clear that this book will be valuable for any actuary whose main concern is using predictive modeling in his or her own work.' David Zornek, Actuarial Review

Descriere

This second volume examines practical real-life applications of predictive modeling to forecast future events with an emphasis on insurance.