Insurance Risk and Ruin
eBook - PDF

Insurance Risk and Ruin

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

Insurance Risk and Ruin

About this book

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.

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Yes, you can access Insurance Risk and Ruin by David C. M. Dickson in PDF and/or ePUB format, as well as other popular books in Economics & Statistics for Business & Economics. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Dedication
  5. Contents
  6. Preface
  7. 1 Probability distributions and insurance applications
  8. 2 Utility theory
  9. 3 Principles of premium calculation
  10. 4 The collective risk model
  11. 5 The individual risk model
  12. 6 Introduction to ruin theory
  13. 7 Classical ruin theory
  14. 8 Advanced ruin theory
  15. 9 Reinsurance
  16. References
  17. Solution to exercises
  18. Index