Intro -- Table of Contents -- Title -- Copyright -- Foreword -- Introduction -- 1 Introduction to Big Data and Its Applications in Insurance -- 1.1. The explosion of data: a typical day in the 2010s -- 1.2. How is big data defined? -- 1.3. Characterizing big data with the five Vs -- 1.4....

This book is the result of the fourth International Symposium on Data Analysis held on June 1985 at the Universite Libre de Bruxelles with the help'of the European Institute for Advanced Management. As the preceding ones, the organization of the Symposium started with a call for real life...

In this paper we present a methodology for measuring income inequality dynamically within a Markov model of income evolution. The proposed methodology requires knowledge of the evolution of the population and the averages and medians of the incomes in a country and allows the computation of...

In this paper we propose a modification of the Dynamic Theil's Entropy that considers the inequality in the whole population. We decompose it into three addends and we show how to compute them within a Markov model of income evolution. In this way the income inequality can be measured in the...

We propose a statistical approach to tornadoes modeling for predicting and simulating occurrences of tornadoes and accumulated cost distributions over a time interval. This is achieved by modeling the tornadoes intensity, measured with the Fujita scale, as a stochastic process. Since the Fujita...