Casualty Actuarial Society

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CAS Monograph No. 5: Generalized Linear Models for Insurance Rating

CAS Monograph No. 5: Generalized Linear Models for Insurance Rating

06/08/2016–Generalized Linear Models for Insurance Rating, the fifth volume of the new CAS Monograph Series, is now available for download. In this monograph, authors Mark Goldburd, Anand Khare, and Dan Tevet have written a comprehensive guide to creating an insurance rating plan using generalized linear models (GLMs), with an emphasis on practical application. While many textbooks and papers exist to explain GLMs, this monograph serves as a “one-stop shop” for the actuary seeking to understand the GLM model-building process from start to finish. The monograph has been adopted on the syllabus for Exam 8.

Mark Goldburd, FCAS, MAAA, is Consulting Actuary in Milliman’s New York office, where he is responsible for a wide range of projects for various clients. He has a B.S. degree in Mathematics and Computer Science from Touro College. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He can be contacted at mark.goldburd@milliman.com.

Anand Khare, FCAS, MAAA, CPCU, is an Assistant Director in AIG’s Enterprise Risk Management group, where he performs independent reviews of actuarial pricing models and reserve estimation. He has a B.A. in Mathematics from Rutgers University–New Brunswick. He is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and a Chartered Property Casualty Underwriter. He can be contacted at anand.khare@aig.com.

Dan Tevet, FCAS, MAAA, is a Director II at Liberty Mutual, where he leads a team of data scientists in the personal insurance sales organization. He holds Bachelor of Science and Master of Engineering degrees in Operations Research Engineering from Cornell University. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He can be contacted at dan.tevet@libertymutual.com.

CAS monographs are authoritative, peer-reviewed, in-depth works focusing on important topics within property and casualty actuarial practice. The CAS Monograph Series initiative fulfills the goal of creating an important addition to the existing body of CAS literature, with each monograph enabling the comprehensive treatment of a single subject. The Monograph Editorial Board (MEB) manages the monograph publication process in close coordination with the CAS editorial staff. Submission guidelines can be found on the CAS web site or by contacting Donna Royston at droyston@casact.org.

This monograph is currently available to all CAS members as a free download. Print copies will soon be available in the CAS online store.

 

The CAS Roundtable

Posted on 05/31/2017
By Rick Gorvett

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