Loss Models
From Data to Decisions
2nd Edition
Published on 1. August 2004
Book
Hardback
720 pages
978-0-471-21577-6 (ISBN)
Description
"The resulting book is an eye opener for this reviewer.This book is worthy of classical status." --Journal of the International Statistical Institute
The first edition of this bestselling guide to building and using actuarial models presented a thorough treatment of the concepts and methods of linear model analysis and illustrated them with numerical and conceptual examples. This Second Edition features new enhancements that make the book even more useful to students and teachers as well as to practicing professionals seeking better practical command of the material.
The first edition of this bestselling guide to building and using actuarial models presented a thorough treatment of the concepts and methods of linear model analysis and illustrated them with numerical and conceptual examples. This Second Edition features new enhancements that make the book even more useful to students and teachers as well as to practicing professionals seeking better practical command of the material.
Reviews / Votes
"The book is well-written. Each chapter contains a good number of examples and exercises for the reader." (Mathematical Reviews, 2005f)More details
Series
Edition
2., Aufl.
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Edition type
Revised edition
Dimensions
Height: 24 cm
Width: 16.2 cm
Weight
1118 gr
ISBN-13
978-0-471-21577-6 (9780471215776)
Schweitzer Classification
Other editions
New editions
Book
09/2008
3rd Edition
Wiley
€135.00
Article exhausted; check for reprint
Previous edition
Book
01/1998
Wiley
€84.12
Article exhausted; check for reprint
Persons
STUART A. KLUGMAN, PhD, FSA, is Principal Financial Group Professor of Actuarial Science at Drake University, Des Moines, Iowa.
HARRY H. PANJER, PhD, FSA, FCIA, HonFIA, is Professor in the Department of Statistics and Actuarial Science at the University of Waterloo, Ontario, Canada.
GORDON E. WILLMOT, PhD, FSA, FCIA, is Munich Re Professor in the Department of Statistics and Actuarial Science at the University of Waterloo.
HARRY H. PANJER, PhD, FSA, FCIA, HonFIA, is Professor in the Department of Statistics and Actuarial Science at the University of Waterloo, Ontario, Canada.
GORDON E. WILLMOT, PhD, FSA, FCIA, is Munich Re Professor in the Department of Statistics and Actuarial Science at the University of Waterloo.
Content
Preface. Acknowledgments. PART I: INTRODUCTION. 1. Modeling. PART II: ACTUARIAL MODELS. 2. Random Variables. 3. Basic Distributional Quantities. 4. Classifying and Creating Distributions. 5. Frequency and Severity with Coverage Modifications. 6. Aggregate Loss Models. 7. Discrete Time Ruin Models. 8. Continuous Time Ruin Models. PART III: CONSTRUCTION OF EMPIRICAL MODELS. 9. Review of Mathematical Statistics. 10. Estimation for Complete Data. 11. Estimation for Modified Data. PART IV: PARAMETRIC STATISTICAL METHODS. 12. Parameter Estimation. 13. Model Selection. 14. Five Examples. PART V: ADJUSTED ESTIMATES AND SIMULATION. 15. Interpolation and Smoothing. 16. Credibility. 17. Simulation. Appendix A: An Inventory of Continuous Distributions. Appendix B: An Inventory of Discrete Distributions. Appendix C: Frequency and Severity Relationships. Appendix D: The Recursive Formula. Appendix E: Discretization of the Serverity Distribution. Appendix F: Numerical Optimization and Solution of Systems. References. Index.