These notes aim at giving a broad skill set to the actuarial profession in insurance pricing and data science. We start … from the classical world of generalized linear models, generalized additive models and credibility theory. These methods …

Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

welfare by implementing appropriate tax and subsidy schemes that make insurance more affordable and also lower insurers …

In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that … insurance market individual application of classification schemes induces welfare losses due to cream skimming. Classification …

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …

Low interest rates are becoming a threat to the stability of the life insurance industry, especially in countries such … of a stylized life insurance business portfolio in a multi-period setting. Based on empirically calibrated parameters, we …

We study the factors that predict medical malpractice ("med mal") insurance premia, using national data from Medical … Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we … across states at a given time and within states across time. Our results suggest that insurance companies do not fully adjust …

minimum level of flood insurance penetration, and the resulting increment in total premiums required to achieve this objective … insurance protection. Third, the paper proposes a stylised approach to quantify economic losses associated with uninsured flood … events at different levels of insurance penetration, allowing to take into account that insurance protection could be partly …

This paper investigates the impact of insurance contract design on the behavior of filing fraudulent claims in an … experimental setup. We test how fraud behavior varies for insurance contracts with full coverage, a straight deductible or variable … extent of claim build-up compared to full coverage contracts. In contrast, bonus-malus contracts with variable insurance …