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Tradenator


Total Posts: 1570
Joined: Sep 2006
 
Posted: 2016-09-14 15:34
Can anyone please point me in the right direction for some beginner and intermediate sources for modeling insurance claims. I'm more interested in simple things like getting started and loss triangles, and can go back and add more advanced aspects later. Thanks in advance.

Hansi


Total Posts: 294
Joined: Mar 2010
 
Posted: 2016-09-15 01:10
I haven't read it but kept hearing good things about this when working on some ILS stuff:
https://www.amazon.co.uk/Insurance-Theory-Practice-Rob-Thoyts/dp/0415559057

Have read this specifically on ILS but it's very light on the modelling aspect, interesting market though:
https://www.amazon.co.uk/Handbook-Insurance-Linked-Securities-Wiley-Finance/dp/0470743832/

Tradenator


Total Posts: 1570
Joined: Sep 2006
 
Posted: 2016-09-15 07:55
Thanks, I'll check them out.

polysena


Total Posts: 1038
Joined: Nov 2007
 
Posted: 2016-09-16 10:13
Tradenator,

I spend a lot of time with actuaries (friends.). their take on that is that "a lot of what is in loss triangles" is not theoretical and basically it is more an art than a science.. you need data and practice.
They advise you contact the actuary society in the country where you are located ; they prepare course study material in Life/P&C or General insurance.. that often comes with data to practice.
Poly

Свобода - это то, что у меня внутри. (Ленинград и Кипелов - "Свобода") Кому то очень больно, а кому то заебись (Серебряная свадьба)

Tradenator


Total Posts: 1570
Joined: Sep 2006
 
Posted: 2016-09-16 10:47
Thanks, polysena. Perhaps one of your friends should write the book I seek? "The Art of Loss Triangles", or "The Loss Art of Triangles"?

Cheng


Total Posts: 2802
Joined: Feb 2005
 
Posted: 2016-09-16 12:16
Shouldn't it rather be "The Lost Art of Triangles"?

"He's man, he's a kid / Wanna bang with you / Headbanging man" (Grave Digger, Headbanging Man)

silverside


Total Posts: 1399
Joined: Jun 2004
 
Posted: 2016-09-16 16:12
What polysena said... The actuarial study materials are usually expensive, but effective in that they teach right from the very basics up to practitioner level... In more a practical than academic way.

polysena


Total Posts: 1038
Joined: Nov 2007
 
Posted: 2016-09-17 00:41
Well, maybe, they do not see the point as this is taught in every basic actuarial courses.

I had them teach me, and loss triangles are fun, it is really more used in P&C.
Silverside I do not think the course material are so expensive...
Cheng yes.. lost art ;-) I think we had a similar discussion... it is like old fashionned, and therefore interesting,

Poly

Свобода - это то, что у меня внутри. (Ленинград и Кипелов - "Свобода") Кому то очень больно, а кому то заебись (Серебряная свадьба)

silverside


Total Posts: 1399
Joined: Jun 2004
 
Posted: 2016-09-17 06:03
Edit: yes you are right, not so expensive

The subject is called CT6 from acted.co.uk or maybe you can find it elsewhere.

Tradenator


Total Posts: 1570
Joined: Sep 2006
 
Posted: 2016-09-20 13:54
I did manage to find this.
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