INTRODUCTION TO NON LIFE MATHEMATICS WITH REFERENCE TO PRICING: CONCEPTS, ORIGIN OF THE MODELS AND A PROPOSAL FOR AN ONGOING MONITORING OF THE PERSONALIZED PREMIUM

Abstract

Pricing is a fundamental topic for a nonlife insurance company. It includes several underwriting activities to set actuarial models. In the past, it was a fundamental part of risk theory and nonlife insurance mathematic and nowadays results in a vast actuarial research field. Since the second half of twentieth century, many papers have been published in actuarial journals. This work originates from the experience of introductory university lectures of the author. After an historical recognition, a proposal is made of a simplified approach to monitor consistency and quality of the personalized premiums over time.