The calibration and validation of actuarial models in general insurance is often reliant on expert judgments which can be prone to biases, cognitive or otherwise. The Getting Better Judgement Working Party aims to point to more effective elicitation of information from experts
Key objectives:
- survey current practice amongst GI practitioners
- survey judgment of current practice from GI practitioners
- survey existing research in actuarial or other fields
- benchmark current practice against existing research
- put forward a best practice guidance/frameworks
- suggest further research that needs to be done before best practice guidance/frameworks could be put forward.
Outputs:
- GIRO 2015
- GIRO 2014 paper and presentation
- 2014 relevant conferences
- seminars (e.g. LMAG, pricing seminars, capital modelling seminars)
- Getting Better Judgement (GIRO, 2014)
- Getting Better Judgment (Empirical Group A) (GIRO, 2014)
- Getting Better Judgment (Empirical Group B) (GIRO, 2014)
- Getting Better Judgement (Financial Modelling Seminar)
| Chair: | Edward Tredger |
|---|---|
| Membership: | 7 |
| Established: | 2013 |
Related documents
-
Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you want more information about this research working party please contact the Communities Team.
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