Loss Models
From Data to Decisions
Published on 29. January 1998
Book
Hardback
672 pages
978-0-471-23884-3 (ISBN)
Description
Much of actuarial science consists of constructing and analyzing mathematical models that describe how fluids flow into and out of an insurance system. This book examines contemporary topics such as risk theory and economics, credibility and stochastic processes with a focus on the loss process, or the outflow of cash due to the payment of benefits.
Reviews / Votes
"...gives the reader a good insight." (Allianz Global Risk Report, Vol 13, 2000)More details
Series
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Illustrations
Illustrations
Dimensions
Height: 240 mm
Width: 165 mm
Weight
936 gr
ISBN-13
978-0-471-23884-3 (9780471238843)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Book
08/2004
2nd Edition
Wiley
€92.90
Article exhausted; check for reprint
Persons
STUART A. KLUGMAN, PhD, is a professor in the College of Business and Public Administration of Drake University, Des Moines, Iowa. HARRY H. PANJER, PhD, teaches in the Department of Statistics and Actuarial Science of the University of Waterloo, Ontario. GORDON E. WILLMOT, PhD, teaches in the Department of Statistics and Actuarial Science of the University of Waterloo.
Content
A model-based approach; loss distributions; frequency distributions; aggregate loss models; credibility theory; long term models.