Pricing in General Insurance

This textbook provides a practical introduction to the activity of the pricing actuary in general insurance. It closely follows the syllabus for the ST8 exam of the Actuarial Profession in the UK – General Insurance: Pricing. It has been developed from the author’s experience of lecturing this course to students of actuarial science at the Cass Business School in London. The book is full of real examples to illustrate the various topics. It includes many exercises, based on past ST8 exams, making it ideal for teaching or self-study.

Pietro Parodi, Ph.D, FIA is a director at Swiss Re and a part-time lecturer at Cass Business School, both in London, UK. Previously he worked as an actuary at Willis Ltd., London, UK and Genoa, Italy, and at Aon Benfield, London, UK. He served as research/post-doctoral fellow at the International School for Advanced Studies, Trieste, Italy; University of Toronto, Ontario, Canada; and GE Global Research, Schenectady, New York, USA. His notable paper, Triangle-Free Reserving - A Non-Traditional Framework for Estimating Reserves and Reserve Uncertainty, was presented at GIRO 2012 and received the Brian Hey Award.