Description

Book Synopsis
Designed as a first course in insurance risk theory for readers with a solid understanding of basic probability, this book develops the two major areas of risk theory: aggregate claims distributions and ruin theory. The new edition includes additional exercises and expanded sections on contemporary topics.

Table of Contents
Preface; 1. Probability distributions and insurance applications; 2. Utility theory; 3. Principles of premium calculation; 4. The collective risk model; 5. The individual risk model; 6. Introduction to ruin theory; 7. Classical ruin theory; 8. Advanced ruin theory; 9. Reinsurance; Appendix; Solutions to exercises; References; Index.

Insurance Risk and Ruin

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    £999.99

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    A Hardback by David C. M. Dickson

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      Publisher: Cambridge University Press
      Publication Date: 27/10/2016
      ISBN13: 9781107154605, 978-1107154605
      ISBN10:
      Also in:
      Business, Finance & Law Insurance and actuarial studies

      Description

      Book Synopsis
      Designed as a first course in insurance risk theory for readers with a solid understanding of basic probability, this book develops the two major areas of risk theory: aggregate claims distributions and ruin theory. The new edition includes additional exercises and expanded sections on contemporary topics.

      Table of Contents
      Preface; 1. Probability distributions and insurance applications; 2. Utility theory; 3. Principles of premium calculation; 4. The collective risk model; 5. The individual risk model; 6. Introduction to ruin theory; 7. Classical ruin theory; 8. Advanced ruin theory; 9. Reinsurance; Appendix; Solutions to exercises; References; Index.

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