Quantitative Finance and Insurance

On Tuesday, 9 May 2023, in presence in Room 8 (ground floor) from 16.30 to 18 Francesco Checcacci, will held a seminar on:

"Pricing in Non-Life insurance"

The seminar is intended as a practical guide to Pricing in Non-Life insurance. Starting from the data preparation, which will be carried out with the free web based version of the ‘insurance’ popular SAS software, we will continue the risk premium modeling on the ‘academic’ popular R software.

During this seminar you will understand and have access to code and procedures designed to transform a series of raw datasets into a single table ready for modeling. You will understand how to handle claim, substitution, and policy tables to calculate important explanatory pricing variables like the number of claims or the distance to the last claim before the risk is written. The seminar will include notions on claim thresholds, IBNeR/IBNyR and how to include a proper loading during the pricing process to meet the ultimate cost of the claims. Finally, at the end of the seminar, it will be given a short and simplified guide to modeling with R Studio linking the data preparation to the risk premium modeling together with a series of insights on how to expand the modeling section.

Francesco Checcacci has been working on pricing nonlife insurance products in personal lines since 2017.
He is currently working as an actuary in the pricing motor team at Reale Mutua.

The participation is mandatory for I and II year QFI students, Insurance curriculum.

All students are invited.

Organised from: Master Degree in Quantitative Finance and Insurance