Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance (Hardcover) (ISBN-13: 9781107029880)

Predictive modeling uses data to forecast future events. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. Predictive Modeling Applications in Actuarial Science emphasizes life-long learning by developing tools in an insurance context, providing the relevant actuarial applications, and introducing advanced statistical techniques that can be used to gain a competitive advantage in situations with complex data. Volume 2 examines applications of predictive modeling. Where Volume 1 developed the foundations of predictive modeling, Volume 2 explores practical uses for techniques, focusing on property and casualty insurance. Readers are exposed to a variety of techniques in concrete, real-life contexts that demonstrate their value and the overall value of predictive modeling, for seasoned practicing analysts as well as those just starting out.

Author: Edward W. Frees
ISBN-10: 1107029880
ISBN-13: 9781107029880
Publisher: Cambridge University Press
Language: English
Published: 07/27/2016
Pages: 330
Format: Hardcover
Weight: 1.65lbs
Size: 10.03h x 7.56w x 0.89d