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Activity Number:
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269
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Type:
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Contributed
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Date/Time:
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Tuesday, August 4, 2009 : 8:30 AM to 10:20 AM
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Sponsor:
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Section on Risk Analysis
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| Abstract - #304847 |
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Title:
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Hierarchical Models in the Insurance Industry
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Author(s):
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Bill Stergiou*+
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Companies:
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CNA
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Address:
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333 S. Wabash, Chicago, IL, 60604,
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Keywords:
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hierarchical ; insurance ; model ; claim ; profit ; predictive
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Abstract:
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Although hierarchical models have become very popular in the social sciences they have received scant attention for their predictive power in the insurance industry. This session will introduce how hierarchical models can be used in insurance to predict the profitability of insurance policies as well as the ultimate cost of a claim.
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- The address information is for the authors that have a + after their name.
- Authors who are presenting talks have a * after their name.
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