Alemany, Ramon; Bolance, Catalina; Guillen, Montserrat - Institut de Recerca en Economia Aplicada (IREA), … - 2014
We design a system for improving the calculation of the price to be charged for an insurance product. Standard pricing techniques generally take into account the expected severity of potential losses. However, the severity of a loss can be extremely high and the risk of a severe loss is not...