General Insurance Applications Module

Welcome to the General Insurance Applications Module home page! Please review all of the information and links provided below.

This module will introduce you to a varied assortment of specialized general insurance applications, some of which are advanced business analytics techniques. We define advanced business analytics as a set of tools and techniques to assist in key business decisions. While the emphasis is on understanding and implementing results, you should always keep in mind the broader context of decision making, including the analysis of risk.

• After you complete this module, you will be able to:
• Understand classification ratemaking
• Use the computing environment R to analyze data
• Use generalized linear models (GLM) to perform classification ratemaking
• Understand and compute general insurance premium liabilities
• Understand catastrophe modeling and its uses
• Use various models, including GLMs, to estimate variability in reserve estimates
• Understand how bootstrap methods are used in estimating variability in reserve estimates
• Understand and use methods to monitor the estimates of ultimate values for general insurance claims