: Explains how "log-link" functions are crucial for maintaining strictly positive expected values in pricing models.
: While covering essential theory, the text emphasizes "the art of setting the price" by including real-world Swedish insurance data (e.g., moped and auto insurance) to illustrate complex modeling scenarios. Non-life insurance pricing with generalized lin...
: Details how to analyze multiple rating factors (like vehicle weight or driver age) to determine their impact on key ratios like pure premiums. : Explains how "log-link" functions are crucial for
The book by Esbjörn Ohlsson and Björn Johansson is considered a foundational text in actuarial science. It bridges the gap between statistical theory and practical tariff analysis in the property and casualty sectors. Core Strengths Non-life insurance pricing with generalized lin...