Insurance Risk and Ruin

David C. M. Dickson - Collection International Series on Actuarial Science

228 pages, parution le 10/01/2005

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Résumé

Based on the author's experience of teaching final-year actuarial students in Britain and Australia, and suitable for a first course in insurance risk theory, this book focuses on the two major areas of risk theory - aggregate claims distributions and ruin theory. For aggregate claims distributions, detailed descriptions are given of recursive techniques that can be used in the individual and collective risk models. For the collective model, different classes of counting distribution are discussed, and recursion schemes for probability functions and moments presented. For the individual model, the three most commonly applied techniques are discussed and illustrated. Care has been taken to make the book accessible to readers who have a solid understanding of the basic tools of probability theory. Numerous worked examples are included in the text and each chapter concludes with exercises, which have answers in the book and full solutions available for instructors from www.cambridge.org.

Introduces the reader to recent research in ruin theory

Covers material from professional actuarial examinations

Challenging exercises, including actuarial exam-style questions, with answers in the book and full solutions on www.cambridge.org

Sommaire

Preface
Probability distributions and insurance applications
Utility theory
Principles of premium calculation
The collective risk model
The individual risk model
Introduction to ruin theory
Classical ruin theory
Advanced ruin theory
Reinsurance
References
Solution to exercices
Index

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Cambridge University Press
Auteur(s)	David C. M. Dickson
Collection	International Series on Actuarial Science
Parution	10/01/2005
Nb. de pages	228
Format	15,5 x 23,5
Couverture	Relié
Poids	525g
Intérieur	Noir et Blanc
EAN13	9780521846400
ISBN13	978-0-521-84640-0