Market-based insurance ratemaking : application to pet insurance

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<title>Market-based insurance ratemaking</title>
<subTitle>: application to pet insurance</subTitle>
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<namePart>Piette, Pierrick</namePart>
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<abstract displayLabel="Summary">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</abstract>
<note type="statement of responsibility">Pierre-Olivier Goffard, Pierrick Piette and Gareth W. Peters</note>
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<title>Astin bulletin</title>
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<publisher>Belgium : ASTIN and AFIR Sections of the International Actuarial Association</publisher>
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<identifier type="issn">0515-0361</identifier>
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<text>12/05/2025 Volume 55 Issue 2 - may 2025 , p. 263 - 286</text>
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