Insurance Statistics

This module enhances methodological competence while also demonstrating the applicability of concrete concepts in insurance statistics. Students acquire, in particular, a deep understanding of the origin and design of pricing (tariff) principles in non-life insurance.

The objective of every insurance scheme is to distribute risks across a collective that is as homogeneous as possible. From the policyholder’s perspective, the premium required for inclusion in the collective must be neither too high nor too low: higher premiums reduce the economic benefit for individuals, while lower premiums increase the probability of ruin for the collective when claims occur. The course focuses on how this objective can be achieved, in particular through the use of generalized linear models (GLMs).