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Faculty of Actuarial Science & Insurance Seminar with Montserrat Guillen (Department of Econometrics, University of Barcelona)

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Presentation

Wed, 22 May 2019

4:00 PM – 5:00 PM

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Room 2005

106 Bunhill Row, London, EC1Y 8TZ, Great Britain (UK)

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Many insurance companies collect telematics data about drivers’ exposure to traffic (i.e. distance driven and type of road) and their driving behaviour (excess speed and aggressiveness). This information can improve the insurance ratemaking process and driving safety. After analysing telematics information on exposure to risk and driving habits from a Pay-as-you-Drive sample of insureds, in this talk we will review methods and three key findings: (1) There is a learning effect for large values of distance travelled, which impacs the way pay-per-mile schemes. should be designed. (2) Advanced driver assistance systems are exoected to contribute to a lower frequency of motor accidents. (3) Inertial measurement units collect huge amounts of driving data, but the translation of such data into value is still a challenge. We will discuss how data anlytics can be used to design better insurance and to improve traffic safety, current methods and challenges.



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Where

Room 2005

106 Bunhill Row, London, EC1Y 8TZ, Great Britain (UK)

Speakers

Montserrat Guillen

Department of Econometrics, University of Barcelona

Montserrat Guillén was born in Barcelona in 1964. She received a Master of Science in Mathematics and Mathematical Statistics in 1987 and a PhD in Economics from UB in 1992. She received a MSc in Data Analysis from the University of Essex (United Kingdom). Since April, 2001 she is Chair Professor of the Department of Econometrics at the University of Barcelona. She is currently Honorary Visiting Professor in the Faculty of Actuarial Science and Insurance at City University London. She was Visiting Research faculty at the University of Texas at Austin (USA) in 1994. She was also Visiting Professor of Insurance Econometrics at the University of Paris II. She was awarded the ICREA Academia distinction.

Her research focuses on actuarial statistics and quantitative risk management. She has published many scientific articles, contributions to book chapters and books on insurance and actuarial science. She is an associate editor for the Journal of Risk and Insurance – the official journal of the American Risk and Insurance Association, a senior editor of Astin Bulletin – the official journal of the International Actuarial Association, co-editor for the North American Actuarial Journal and was chief editor until 2014 (now associate editor) of SORT-Statistics and Operations Research Transactions. She was awarded by the Casualty Actuarial Society and received the International Insurance Prize. She is a highly cited academic in the field of actuarial science, risk management and insurance. She was President of the European Group of Risk and Insurance Economists, the Geneva Association, in 2011. She has served in boards as well as scientific groups, international programs and steering committees and she has also conducted R&D joint programmes with many companies. She is member of the Royal European Academy of Doctors and Academician of the Real Academia de Ciencias Económicas y Financiera.