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This book provides an overview of classical actuarial techniques, including material that is not readily accessible elsewhere such as the Ammeter risk model and the Markov-modulated risk model. Other topics covered include utility theory, credibility theory, claims reserving and ruin theory. The author treats both theoretical and practical aspects and also discusses links to Solvency II. Written by one of the leading experts in the field, these lecture notes serve as a valuable introduction to some of the most frequently used methods in non-life insurance. They will be of particular interest to graduate students, researchers and practitioners in insurance, finance and risk management.
This book provides an overview of classical actuarial techniques, including material that is not readily accessible elsewhere such as the Ammeter risk model and
The theory of risk already has its traditions. A review of its classical results is contained in Bohlmann (1909). This classical theory was associated with life
Apart from its foray into technical issues of risk assessment and management, this book has one principal aim. With situations of chancy outcomes certain key fa
Risk theory, which deals with stochastic models of an insurance business, is a classical application of probability theory. The fundamental problem in risk theo
PRICING INSURANCE RISK A comprehensive framework for measuring, valuing, and managing risk Pricing Insurance Risk: Theory and Practice delivers an accessible an
