
Risk Modelling in General Insurance
From Principles to Practice
Cambridge University Press
Published on 28. June 2012
Book
Hardback
410 pages
978-0-521-86394-0 (ISBN)
Description
Knowledge of risk models and the assessment of risk is a fundamental part of the training of actuaries and all who are involved in financial, pensions and insurance mathematics. This book provides students and others with a firm foundation in a wide range of statistical and probabilistic methods for the modelling of risk, including short-term risk modelling, model-based pricing, risk-sharing, ruin theory and credibility. It covers much of the international syllabuses for professional actuarial examinations in risk models, but goes into further depth, with worked examples, exercises and detailed case studies. The authors also use the statistical package R to demonstrate how simple code and functions can be used profitably in an actuarial context. The authors' engaging and pragmatic approach, balancing rigour and intuition and developed over many years of teaching the subject, makes this book ideal for self-study or for students taking courses in risk modelling.
Reviews / Votes
"A key feature is the inclusion of three detailed case studies that bring together a number of concepts and applications from different parts of the book and illustrate how they are used in practice." -Mathematical reviewsMore details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Professional and scholarly
Illustrations
Worked examples or Exercises; 30 Tables, black and white; 45 Line drawings, unspecified
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 26 mm
Weight
739 gr
ISBN-13
978-0-521-86394-0 (9780521863940)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

E-Book
06/2012
1st Edition
Cambridge University Press
€52.99
Available for download

Book
Cambridge University Press
Unfortunately, price unknown
The article will not be published
Persons
Roger J. Gray was a Senior Lecturer in the School of Mathematical and Computer Sciences at Heriot-Watt University, Edinburgh until his death in 2011. Susan M. Pitts is a Senior Lecturer in the Statistical Laboratory at the University of Cambridge.
Content
Preface; 1. Introduction; 2. Models for claim numbers and claim sizes; 3. Short term risk models; 4. Model based pricing - setting premiums; 5. Risk sharing - reinsurance and deductibles; 6. Ruin theory for the classical risk model; 7. Case studies; 8. Appendix: utility theory; Answers to exercises; Index.