Non-life Insurance Mathematics 7.5 credits
About the course
This course is concerned with reserving and pricing of non-life insurance policies, considering various characteristics of the insured object and the policyholder. We will start by exploring pricing using Generalized Linear Models (GLMs), a method introduced by British actuaries and now widely adopted in the industry. In cases with insufficient data, we will combine GLMs with credibility theory to obtain reliable estimates.
Reserving is concerned with estimating payments for incurred but not (enough) reported claims. Here we will study methods such as the chain ladder method.
Besides the theoretical knowledge, an important part of the course is to develop the students' ability to apply the methods discussed on real data.
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