Centro de Documentacion de Fundación MAPFRE - Market-based insurance ratemaking : application to pet insurance

MAP20260001760

Market-based insurance ratemaking : application to pet insurance / Pierre-Olivier Goffard, Pierrick Piette and Gareth W. Peters

Sumario: This paper introduces a method for pricing insurance policies using market data. The approach is designed for scenarios in which the insurance company seeks to enter a new market, in our case: pet insurance, lacking historical data. The methodology involves an iterative two-step process. First, a suitable parameter is proposed to characterize the underlying risk. Second, the resulting pure premium is linked to the observed commercial premium using an isotonic regression model. To validate the method, comprehensive testing is conducted on synthetic data, followed by its application to a dataset of actual pet insurance rates

En: Astin bulletin. - Belgium : ASTIN and AFIR Sections of the International Actuarial Association = ISSN 0515-0361. - 12/05/2025 Volume 55 Issue 2 - may 2025 , p. 263 - 286

1. Matemática del seguro . 2. Seguro de mascotas . 3. Tarificación a priori . 4. Cálculo actuarial . 5. Estadística matemática . 6. Análisis de riesgos . 7. Riesgo actuarial . I. Piette, Pierrick . II. Peters, Gareth W. . III. International Actuarial Association . IV. Título.