Non-Life Insurance: Mathematics & Statistics

Abstract

The present manuscript provides a basis in non-life insurance mathematics and statistics which form a core subject of actuarial science. It discusses collective risk modeling, individual claim size modeling, approximations for compound distributions, ruin theory, premium calculation principles, tariffication with generalized linear and neural network models, credibility theory, claims reserving and solvency.

Keywords: non-life insurance, general insurance, property and casualty insurance, collective risk modeling, individual claim size modeling, approximations for compound distributions, ruin theory, premium calculation principles, tariffication with GLM, credibility theory, claims reserving, solvency

JEL Classification: G22, G13, G28, C11, C13, C40