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Recent Challenges in Actuarial Science

delete2022-03-07
delete10
PRE
AI
P
Paul Embrechts *
M
Mario V. Wüthrich
DOI:10.1146/annurev-statistics-040120-030244delete
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摘要

摘要

En 中文
For centuries, mathematicians and, later, statisticians, have found natural research and employment opportunities in the realm of insurance. By definition, insurance offers financial cover against unforeseen events that involve an important component of randomness, and consequently, probability theory and mathematical statistics enter insurance modeling in a fundamental way. In recent years, a data deluge, coupled with ever-advancing information technology and the birth of data science, has revolutionized or is about to revolutionize most areas of actuarial science as well as insurance practice. We discuss parts of this evolution and, in the case of non-life insurance, show how a combination of classical tools from statistics, such as generalized linear models and, e.g., neural networks contribute to better understanding and analysis of actuarial data. We further review areas of actuarial science where the cross fertilization between stochastics and insurance holds promise for both sides. Of course, the vastness of the field of insurance limits our choice of topics; we mainly focus on topics closer to our main areas of research.
Keyword:
actuarial science
generalized linear models
life and non-life insurance
neural networks
risk management
telematics data

期刊

Annual Review of Statistics and Its Application 封面图
Annual Review of Statistics and Its Application
IF:
8.7
论文数:
211
被引数:
2.4K

机构

S
swiss federal institutes of technology domain
学者数:
9.0W
论文数: 8.0W
被引数: 163
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