Summary |
The main purpose of these lectures notes is not to contribute an in-depth analysis of specific problems like risk-based capital or affordability problems created by an increased segmentation of risks, or a complete actuarial treatment of all rate-making issues. Rather, they provide an introduction to the main regulatory ideas that prevail in the European Union and the United States, and an overview of recent developments. A separate chapter discusses reasons for the establishment of guaranty funds. Three technical chapters outline some important actuarial models used in rate-making, merit-rating, and loss reserving. The bibliography has been extended to provide interested readers references for further study of these topics.
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