Models for Quantifying Risk

Robin Cunningham, Thomas N. Herzog, Richard L. London

604 pages, parution le 01/01/2006 (2^eme édition)

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Résumé

This textbook presents a variety of stochastic models for the actuary to use in undertaking the analysis of risk. It is designed to be appropriate for use in a two- or three-semester university course in basic actuarial science. It was also written with the SOA Exam MLC and CAS Exam 3L in mind. It covers of the life contingencies exam topics in a single reference. It also includes some introductory loss models material which can serve as initial preparation for SOA Exam C and CAS Exam 4. Models are evaluated in a generic form with life contingencies included as one of many applications of the science. Students will find this book to be a valuable reference due to its easy-to-understand explanations and the end-of-chapter exercises. It also introduces students to the practical use of the science via the Appendices.

This book is listed on the Course of Reading for the Society of Actuaries Exam MLC, Casualty Actuarial Society Exam 3L and the EA-1 Examination of the Joint Board for the Enrollment of Actuaries.

L'auteur - Robin Cunningham

Robin J. Cunningham, Ph.D., FSA has taught mathematics at both the high school and university level and has worked as a test developer for Educational Testing Service. He has been in actuarial work since 1998. Robin was the original co-author (along with Nathan W. Hardiman, FSA) of the Exam M/3 Study Guide that was published by Arch Solutions.

L'auteur - Thomas N. Herzog

Thomas N. Herzog, Ph.D., A.S.A, is the Chief Actuary of the Federal Housing Administration in Washington, D.C. He has a Sc.B. in Applied Mathematics from Brown University and a Ph.D. in Mathematics, with a major in Statistics, from the University of Maryland.

Dr. Herzog is the author or co-author of four books: Introduction to Credibility Theory; Applications of Monte Carlo Methods to Finance and Insurance, co-authored by Professor Graham Lord of Princeton University; Models for Quantifying Risk, co-authored with Robin Cunningham and Dick London; and Data Quality and Record Linkage Techniques, co-authored with Fritz Scheuren and William Winkler.

Dr. Herzog is the winner of the 1990 AERF Practitioner's Award for a paper on Home Equity Conversion Mortgages, written with Theresa R. DiVenti.

L'auteur - Richard L. London

Richard (Dick) London, FSA has taught Actuarial Science at several universities since 1968, and has recently retired as Director of Actuarial Science at the University of Connecticut. He has often taught courses in Interest Theory and Life Contingencies throughout his long career. Mr. London is the author of several ACTEX study manuals and textbooks.

Sommaire

Review of Interest Theory
Review of Probability
Survival Models
The Life Table
Contingent Payment Models
Contingent Annuity Models
Funding Plans of Contingent Contracts
Contingent Contract Reserves
Models Dependent on Multiple Survivals
Multiple Contingencies with Applications
Claim Frequency Models
Claim Severity Models
Models for Aggregate Payments
Process Models

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Actex
Auteur(s)	Robin Cunningham, Thomas N. Herzog, Richard L. London
Parution	01/01/2006
Édition	2^eme édition
Nb. de pages	604
EAN13	9781566985840
ISBN13	978-1-56698-584-0