Actuarial Theory for Dependent Risks

Language: English

Published by John Wiley & Sons Nov 2005, 2005

047001492X / 9780470014929

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Neuware - The increasing complexity of insurance and reinsurance products has seen a growing interest amongst actuaries in the modelling of dependent risks. For efficient risk management, actuaries need to be able to answer fundamental questions such as: Is the correlation structure dangerous And, if yes, to what extent Therefore tools to quantify, compare, and model the strength of dependence between different risks are vital. Combining coverage of stochastic order and risk measure theories with the basics of risk management and stochastic dependence, this book provides an essential guide to managing modern financial risk.\* Describes how to model risks in incomplete markets, emphasising insurance risks.\* Explains how to measure and compare the danger of risks, model their interactions, and measure the strength of their association.\* Examines the type of dependence induced by GLM-based credibility models, the bounds on functions of dependent risks, and probabilistic distances between actuarial models.\* Detailed presentation of risk measures, stochastic orderings, copula models, dependence concepts and dependence orderings.\* Includes numerous exercises allowing a cementing of the concepts by all levels of readers.\* Solutions to tasks as well as further examples and exercises can be found on a supporting website.An invaluable reference for both academics and practitioners alike, Actuarial Theory for Dependent Risks will appeal to all those eager to master the up-to-date modelling tools for dependent risks. The inclusion of exercises and practical examples makes the book suitable for advanced courses on risk management in incomplete markets. Traders looking for practical advice on insurance markets will also find much of interest.

Seller Inventory # 9780470014929

Title
Actuarial Theory for Dependent Risks
Author
Michel Denuit
Publisher
John Wiley & Sons Nov 2005
Publication year
2005
Condition
Neu
Binding
Buch
Language
English
ISBN 10
047001492X
ISBN 13
9780470014929
Item weight
1,007 grams
Dimensions
254x177x32 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

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