Pricing Insurance Risk Course (PIRC)
Sections by Module
- A. Introduction
- A.01. Course Overview
- Last pdf update 2021-01-03 13:56:44 UTZ
- B. Market Assumptions
- B.01. Market Assumptions
- Last pdf update 2021-01-19 15:27:21 UTZ
- C. Historical US Property-Casualty Profitability and Volatility (2020 Update)
- C.01. Premium to GDP Ratio, 1923-2020
- C.02. Surplus to GDP Ratio, 1931-2020
- C.03. Industry Volatility and Profitability Metrics, 1985-2020
- C.04. Direct and Net Volatility and Profitability by Major Line, 1992-2020
- C.05. Direct Premium Growth by Major Line, 1992-2020
- C.06. Implications
- Last pdf update 2021-11-15 16:30:43.766628 EST
- D. Model Specification and Properties
- D.01. Modeling Assumptions
- D.02. Model Portfolio
- D.03. Equal Priority
- D.04. ASTIN/CAS Slides
- D.05. Effective Diversification
- D.06. Measuring the Effects of Pooling
- Last pdf update 2021-01-19 08:51:26 UTZ
- E. Distortions: Definition, Examples, and Properties
- E.01. Distortions and Distortion Pricing Operators
- Last pdf update 2021-01-19 08:55:13 UTZ
- F. Cat Bonds, Their Pricing, and Its Implications for Pricing Non-Cat Lines
- F.01. Catastrophe Bonds and Their Pricing
- F.02. Creating a Distortion From Cat Bond Prices in Theory
- F.03. Creating a Distortion From Cat Bond Prices in Practice
- Last pdf update 2021-01-19 09:15:09 UTZ
- G. Comparative Pricing Across Different Methods and Lines
- G.01. Stand-Alone by Line and Portfolio Pricing
- G.02. Gross and Net Line-Level and Portfolio Pricing
- G.03. Line and Portfolio Multiline Pricing Across Multiple Methods
- G.04. Conclusions and Answers
- Last pdf update 2021-01-19 09:25:53 UTZ
- H. Convex Envelopes (coming soon)
- I. Theory in Practice and the Cost of Capital for Insurance Risk
- I.01. Introduction and Purpose
- I.02. Notional Portfolios
- I.03. Insurance Pricing and Insurer Capital Structure
- I.04. Comparative Pricing: Traditional, Stand-Alone
- I.05. Comparative Pricing: Distortion, Stand-Alone
- I.06. Comparative Pricing: Distortion, Multiline With Allocation
- I.07. Comparative Pricing: Distortion, Multiline With Allocation With Stricter Capital Standard
- I.08. Conclusions and Next Steps
- Last pdf update 2021-01-23 16:33:39 UTZ
- K. Gradients: Ibrgimov, Jaffee and Walden vs. Aumann-Shapley (coming soon)
- L. Simple Nine Scenario Example
- Last pdf update 2021-01-21 16:46:03 UTZ
- M. Severe Convective Storm and Hurricane Model Example (coming soon)
- N. More complex exercise proposed for the book (coming soon)