Statistical Ratemaking

Tom Struppeck
June 21-25, 2004
Tulane University
New Orleans, LA

With support from the Casualty Actuarial Society

Registration: $250.00

5/10/04 REGISTRATION IS NOW CLOSED

Insurance ratemaking is a great source of real world examples for undergraduate probability and statistics courses. Students have a keen personal interest in auto insurance and yet very few people understand how and why it is priced. Casualty actuaries are in great demand in the insurance and finance industries and becoming one is a viable alternative career path for strong math majors.

This workshop is aimed at faculty interested in using insurance-based examples in their existing probability and statistics classes as well as those considering offering stand-alone actuarial science classes. No prior knowledge of actuarial techniques is assumed.

Participants completing the workshop will be able to:
• Explain how automobile insurance rates are computed.
• Explain how and why one’s driving record affects one’s rates.
• Advise students regarding the actuarial exams and career possibilities.

Sessions will be structured with a mixture of lectures, hands-on data exploration, guest speakers, and team activities.

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