Evaluation of risk: How much is too much? - a Science and Society Lecture
5:30pm - 6:30pm /
Tuesday 15th March 2016
/ Venue: Leggate Theatre Victoria Gallery & Museum
- +44 (0) 151 795 0447
- Mathilde Chapal
- Admission: This event is free, but please register for tickets.
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Montserrat Guillen, Chair Professor of the Department of Econometrics, University of Barcelona
Professor Guillen will firstly discuss how risk is defined and measured and will look at the concept of risk aversion and highlight how insurance companies’ calculate the price of a policy based on risk evaluations.
She will then move onto the impact of digital information, such as: personalised ratemaking and GPS data analysis which allows the creation of usage-based motor insurance and aim to convey that too much information may challenge the limits of risk-sharing, which constitutes the basis of insurance agreements.
Professor Guillen will firstly discuss how risk is defined and measured and will look at the concept of risk aversion and highlight how insurance companies’ calculate the price of a policy based on risk evaluations.
She will then move onto the impact of digital information, such as: personalised ratemaking and GPS data analysis which allows the creation of usage-based motor insurance and aim to convey that too much information may challenge the limits of risk-sharing, which constitutes the basis of insurance agreements.