AS462_Lec07 - ACTSC 462/862 P&C Insurance Ratemaking...

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1 ACTSC 462/862 P&C Insurance Ratemaking Lecture 7
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2 Previous Lecture > Basic Ratemaking – Chapter 10 Circumstances that led to the adoption of multivariate approaches in classification ratemaking The overall benefits of multivariate approaches Minimum bias examples A basic explanation of the mathematical foundation of one particular multivariate method, generalized linear models (GLMs) A sample of GLM output Examples of statistical diagnostics associated with GLMs
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3 Basic Ratemaking Chapter 11: Special Classification
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