Linear factor models, where the factors are affine processes, play a key role in Finance, since they allow for quasi-closed form expressions of the term structure of risks. We introduce the class of noncausal affine linear factor models by considering factors that are affine in reverse time....

In the past decade, cyber insurance has raised much interest in the insurance industry, and cyber risk has evolved from a type of pure operational risk to both operational and liability risk for insurers. However, the modeling of cyber risk is still in its infancy. Compared with other insurance...

We propose a hierarchical random effect model for the posterior insurance ratemaking of vehicles belonging to a fleet by allowing random effects for fleet, vehicle, and time. The model is an alternative to the gamma-Dirichlet model of Angers et al (2018), which does not allow for a closed form...