Ratemaking and Experience Rating (RER-DMAEG)

Área

AC Matemática > UC Doutoramentos

Activa nos planos curriculares

Matemática Aplicada à Economia e à Gestão > Matemática Aplicada à Economia e à Gestão > 3º Ciclo > Unidades Curriculares Optativas > Optativas 1 > Ratemaking and Experience Rating

Nível

Doutoramento (D)

Tipo

Não Estruturante

Regime

Semestral

Carga Horária

Aula Teórica (T): 0.0 h/semana

Aula TeoricoPrática (TP): 2.0 h/semana

Trabalho Autónomo: 134.0 h/semestre

Créditos ECTS: 6.0

Objectivos

On completion of the subject the student should be able to build a tariff for some sorts of insurance, particularly those for big portfolio, 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

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

Metodologia de avaliação

Lectures will be of a mixed type, theoretical and practical, where there will be a presentation of the theory and explanation, followed by practical illustration. Students will be asked to solve the given problems. 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