October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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Data Requirements for Pricing
The actual analysis mostly starts with data, and you will need to have appropriate data to
undertake your risk costing exercise. As Figure 8.1 shows, there are several sources of data
that you will be interested in: some of it will be related to the client* (or prospective client),
and some will be external to the client (such as portfolio or market information).
One reason why it is important to understand what data you need for a pricing exercise
is that you often have to request this data explicitly and make sure it meets certain require-
ments. Alternatively, if you work for an underwriter, you may be in a ...
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