CAS Monograph No. 5

CAS Monograph No. 5: Generalized Linear Models for Insurance Rating, 2nd Edition

by Mark Goldburd, Anand Khare, Dan Tevet, and Dmitriy Guller

Generalized Linear Models for Insurance Rating, the second edition of the fifth volume of the CAS Monograph Series, is now available for download. In this monograph, authors Mark Goldburd, Anand Khare, Dan Tevet, and Dmitriy Guller 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.

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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

Dmitriy Guller, FCAS, is an Assistant Director in AIG’s Enterprise Risk Management group, where he performs independent reviews of actuarial pricing models. He has a B.S. in Mathematics from NYU Tandon School of Engineering. He is a Fellow of the Casualty Actuarial Society. He can be contacted at

Anand Khare, FCAS, FIA, CPCU, is the CFO of AIG Private Client Group. He has a B.A. in Mathematics from Rutgers University New Brunswick. He is a Fellow of the Casualty Actuarial Society, a Fellow of the Institute and Faculty of Actuaries, and a Chartered Property Casualty Underwriter. He can be contacted at

Dan Tevet, FCAS, MAAA, is a Senior Director at Liberty Mutual, where he leads a team of actuarial and product analysts in the business lines organization. He holds Bachelor of Science and Master of Engineering degrees in Operations Research Engineering from Cornell University, and is a Fellow of the Casualty Actuarial Society. He can be contacted at



CAS monographs are authoritative, peer-reviewed, in-depth works focusing on important topics within property and casualty actuarial practice. The CAS Monograph Series 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 website or by contacting Donna Royston at

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

The CAS Monograph Series showcases CAS members' extensive specialized expertise, helping to raise the performance standard for property and casualty actuaries through insightful research. The monographs represent just one way that the CAS provides its members with access to relevant information, research and resources that they can apply directly on the job to advance in their careers. For information on submitting a monograph, visit the Monograph Submission Guidelines page.