October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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Aggregate Loss Modelling
In Chapter 6, we introduced the scientic basis for the stochastic modelling of risk and
weexplored the implications of the two main types of aggregate loss models, the individ-
ual risk model and the collective risk model. We then devoted several chapters (Chapters
7 through 16) to creating the building blocks for these aggregate loss models: a frequency
model and a severity model.
Based on the frequency and the severity models that we have built, we already know
how to calculate some simple statistics for the aggregate loss model: for example, the
mean of the aggregate model is simply the mean claim count times ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.