Insurance Risk and Ruin (International Series on Actuarial Science) - Hardcover

Dickson, David C. M.

Hardcover

ISBN 10: 0521846404 ISBN 13: 9780521846400

Publisher: Cambridge University Press, 2005

Synopsis

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/9780521846400.

About this title

About the Author

David C. M. Dickson is a Professor in Actuarial Studies in the Department of Economics at the University of Melbourne. He is also Adjunct Professor in the Department of Statistics and Actuarial Science at the University of Waterloo.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2005
• Language: English
• ISBN 10: 0521846404
• ISBN 13: 9780521846400
• Binding: Hardcover
• Number of pages: 242