Ratemaking and Experience Raking (TARIF-CA)

Área

AC Matemática > UC Mestrados

Activa nos planos curriculares

Actuarial Science > Actuarial Science > 2º Ciclo > Unidades Curriculares Optativas > Optativa 1 > Ratemaking and Experience Raking

Nível

2º Ciclo (M)

Tipo

Não Estruturante

Regime

Semestral

Carga Horária

Aula Teórica (T): 0.0 h/semana

Aula TeoricoPrática (TP): 2.0 h/semana

Trabalho Autónomo: 86.0 h/semestre

Créditos ECTS: 4.0

Objectivos

On completion of the subject the student should be able to build a tariff for some sorts of insurance, particularly those for big portfolios, like in the motor insurance line of business. To achieve that, it is necessary to bring tools that model the past experience onto the portfolio future rating.
Thus, the student should get solid knowledge on Credibility Theory, Bonus-Malus Systems, as well as be able to apply his acquired knowledge on Generalized Linear Models to ratemaking.

Programa

- Introduction and concepts
- Credibility theory
- Bonus-malus systems
- Experience rating and Generalized Linear Models. Applications

Metodologia de avaliação

Evaluation will be twofold: A final exam according to ISEG's exam regulations at the end of the semester and a project. Exam is individual and the project is a tariff build and made by group of students. Project grade has a weight of 20% in the final mark.

Bibliografia

Principal