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Loss Models: From Data to Decisions by Klugman, Stuart A., Panjer, Harry H., Wi

Treasure Forest LLC
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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
ISBN
9781118315323

About this product

Product Identifiers

Publisher
Wiley & Sons, Incorporated, John
ISBN-10
1118315324
ISBN-13
9781118315323
eBay Product ID (ePID)
113418517

Product Key Features

Number of Pages
536 Pages
Language
English
Publication Name
Loss Models : from Data to Decisions
Publication Year
2012
Subject
Finance / General, Insurance / Risk Assessment & Management, Statistics, Insurance / General
Type
Textbook
Author
Harry H. Panjer, Stuart A. Klugman, Gordon E. Willmot
Subject Area
Business & Economics
Series
Wiley Series in Probability and Statistics Ser.
Format
Hardcover

Dimensions

Item Height
1 in
Item Weight
34.6 Oz
Item Length
10.2 in
Item Width
7 in

Additional Product Features

Edition Number
4
Intended Audience
Scholarly & Professional
LCCN
2012-537042
Dewey Edition
23
Series Volume Number
968
Illustrated
Yes
Dewey Decimal
368/.012
Synopsis
Thoroughly revised and updated with essential material related to the C/4 actuarial exam, this invaluable new edition maintains an approach to modeling and forecasting utilizing tools related to risk theory, loss distributions, and survival models., Praise for the Third Edition "This book provides in-depth coverage of modelling techniques used throughout many branches of actuarial science. . . . The exceptional high standard of this book has made it a pleasure to read." --Annals of Actuarial Science Newly organized to focus exclusively on material tested in the Society of Actuaries' Exam C and the Casualty Actuarial Society's Exam 4, Loss Models: From Data to Decisions, Fourth Edition continues to supply actuaries with a practical approach to the key concepts and techniques needed on the job. With updated material and extensive examples, the book successfully provides the essential methods for using available data to construct models for the frequency and severity of future adverse outcomes. The book continues to equip readers with the tools needed for the construction and analysis of mathematical models that describe the process by which funds flow into and out of an insurance system. Focusing on the loss process, the authors explore key quantitative techniques including random variables, basic distributional quantities, and the recursive method, and discuss techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered along with advice for choosing an appropriate model. New features of this Fourth Edition include: Expanded discussion of working with large data sets, now including more practical elements of constructing decrement tables Added coverage of methods for simulating several special situations An updated presentation of Bayesian estimation, outlining conjugate prior distributions and the linear exponential family as well as related computational issues Throughout the book, numerous examples showcase the real-world applications of the presented concepts, with an emphasis on calculations and spreadsheet implementation. A wealth of new exercises taken from previous Exam C/4 exams allows readers to test their comprehension of the material, and a related FTP site features the book's data sets. Loss Models, Fourth Edition is an indispensable resource for students and aspiring actuaries who are preparing to take the SOA and CAS examinations. The book is also a valuable reference for professional actuaries, actuarial students, and anyone who works with loss and risk models. To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/c4actuarial ., Praise for the Third Edition "This book provides in-depth coverage of modelling techniques used throughout many branches of actuarial science. . . . The exceptional high standard of this book has made it a pleasure to read." Annals of Actuarial Science Newly organized to focus exclusively on material tested in the Society of Actuaries Exam C and the Casualty Actuarial Societys Exam 4, Loss Models: From Data to Decisions, Fourth Edition continues to supply actuaries with a practical approach to the key concepts and techniques needed on the job. With updated material and extensive examples, the book successfully provides the essential methods for using available data to construct models for the frequency and severity of future adverse outcomes. The book continues to equip readers with the tools needed for the construction and analysis of mathematical models that describe the process by which funds flow into and out of an insurance system. Focusing on the loss process, the authors explore key quantitative techniques including random variables, basic distributional quantities, and the recursive method, and discuss techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered along with advice for choosing an appropriate model. New features of this Fourth Edition include: Expanded discussion of working with large data sets, now including more practical elements of constructing decrement tables Added coverage of methods for simulating several special situations An updated presentation of Bayesian estimation, outlining conjugate prior distributions and the linear exponential family as well as related computational issues Throughout the book, numerous examples showcase the real-world applications of the presented concepts, with an emphasis on calculations and spreadsheet implementation. A wealth of new exercises taken from previous Exam C/4 exams allows readers to test their comprehension of the material, and a related FTP site features the books data sets. Loss Models, Fourth Edition is an indispensable resource for students and aspiring actuaries who are preparing to take the SOA and CAS examinations. The book is also a valuable reference for professional actuaries, actuarial students, and anyone who works with loss and risk models.
LC Classification Number
HG8781.K583 2012

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