Chapter 14
General Insurance Pricing
Jean-Philippe Boucher
Université e du Quéebec à Montréal Montréal, Québec, Canada,
Arthur Charpentier
Université du Québec à Montréal Montréal, Québec, Canada,
In this chapter, we will discuss the use of Generalized Linear Models in (a priori) motor ratemaking. The goal is to propose a premium that an insurance company should charge a client, for a yearly contract, based on a series of characteristics (of the driver, such as the age or the region, or of the car, such as the power, the make, or the type of gas). Those models are described in Kass et al. (2008), Frees (2009), de Jong & Zeller (2008), and Ohlsson & Johansson (2010).
14.1 Introduction and Motivation
14.1.1 Collective Model in General Insurance ...
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