Pricing in general insurance

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      <subfield code="a">This book presents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate.
The second edition is a substantial update on the first edition, including: New chapter on pricing models: their structure, development, calibration, and maintenance; New chapter on rate change calculations and the pricing cycle; Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis; Expanded treatment of triangle-free techniques for claim count development; Improved treatment of premium building and capital allocation; Expanded treatment of machine learning; Enriched treatment of rating factor selection, and the inclusion of generalised additive models -- The book delivers a practical introduction to all aspects of general insurance pricing and is aimed at students of general insurance and actuarial science as well as practitioners in the field. It is complemented by online material, such as spreadsheets which implement the techniques described in the book, solutions to problems, a glossary, and other appendices  increasing the practical value of the book</subfield>
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