In this video, Jianyu Chen introduces Generalized Linear Models (GLMs) as a powerful tool for analyzing and predicting risks in property and casualty insurance. She demonstrates how GLMs capture the influence of multiple risk factors, such as company size, project location, and construction type, on claim frequency and severity. Jianyu explains how actuaries use these models to improve pricing accuracy, adapt to emerging risks, and make informed business decisions.
Contributors: Jianyu Chen, FCAS; Jon Forster, ASA, MAAA