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Author : Yiu-Kuen Tse
Publisher : Cambridge University Press
Page : 541 pages
File Size : 40,9 Mb
Release : 2009-09-17
Category : Business & Economics
ISBN : 9780521764650
This class-tested undergraduate textbook covers the entire syllabus for Exam C of the Society of Actuaries (SOA).
Author : Krishnaiyan Thulasiraman,Arun Kumar Somani,Sarma Vrudhula
Publisher : CRC Press
Page : 656 pages
File Size : 45,7 Mb
Release : 2015-05-12
Category : Mathematics
ISBN : 9781482227062
The Handbook of Graph Algorithms, Volume II : Applications focuses on a wide range of algorithmic applications, including graph theory problems. The book emphasizes new algorithms and approaches that have been triggered by applications. The approaches discussed require minimal exposure to related technologies in order to understand the material. Each chapter is devoted to a single application area, from VLSI circuits to optical networks to program graphs, and features an introduction by a pioneer researcher in that particular field. The book serves as a single-source reference for graph algorithms and their related applications.
Author : Angus S. Macdonald,Stephen J. Richards,Iain D. Currie
Publisher : Cambridge University Press
Page : 387 pages
File Size : 55,9 Mb
Release : 2018-05-03
Category : Business & Economics
ISBN : 9781107045415
Modern mortality modelling for actuaries and actuarial students, with example R code, to unlock the potential of individual data.
Author : Vladimir I. Rotar
Publisher : CRC Press
Page : 650 pages
File Size : 43,5 Mb
Release : 2014-08-18
Category : Business & Economics
ISBN : 9781482227079
Actuarial Models: The Mathematics of Insurance, Second Edition thoroughly covers the basic models of insurance processes. It also presents the mathematical frameworks and methods used in actuarial modeling. This second edition provides an even smoother, more robust account of the main ideas and models, preparing students to take exams of the Societ
Author : S Haberman,E Pitacco
Publisher : Routledge
Page : 162 pages
File Size : 55,5 Mb
Release : 2018-12-13
Category : Mathematics
ISBN : 9781351469036
Disability insurance, long-term care insurance, and critical illness cover are becoming increasingly important in developed countries as the problems of demographic aging come to the fore. The private sector insurance industry is providing solutions to problems resulting from these pressures and other demands of better educated and more prosperous
Author : Ermanno Pitacco
Publisher : Springer
Page : 172 pages
File Size : 48,8 Mb
Release : 2014-11-04
Category : Business & Economics
ISBN : 9783319122359
Health Insurance aims at filling a gap in actuarial literature, attempting to solve the frequent misunderstanding in regards to both the purpose and the contents of health insurance products (and ‘protection products’, more generally) on the one hand, and the relevant actuarial structures on the other. In order to cover the basic principles regarding health insurance techniques, the first few chapters in this book are mainly devoted to the need for health insurance and a description of insurance products in this area (sickness insurance, accident insurance, critical illness covers, income protection, long-term care insurance, health-related benefits as riders to life insurance policies). An introduction to general actuarial and risk-management issues follows. Basic actuarial models are presented for sickness insurance and income protection (i.e. disability annuities). Several numerical examples help the reader understand the main features of pricing and reserving in the health insurance area. A short introduction to actuarial models for long-term care insurance products is also provided. Advanced undergraduate and graduate students in actuarial sciences; graduate students in economics, business and finance; and professionals and technicians operating in insurance and pension areas will find this book of benefit.
Author : Yanyun Zhu
Publisher : Unknown
Page : 376 pages
File Size : 47,6 Mb
Release : 2008
Category : Business & Economics
ISBN : UOM:39015080884136
Life insurance and life annuities are about cash flows, the time value of money, and the randomness of policyholders' death time. This book intends to present the actuarial model as a combination of these three factors. It also describes how to set premiums and reserves for those insurance products.
Author : Edward W. Frees
Publisher : Cambridge University Press
Page : 585 pages
File Size : 40,5 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780521760119
This book teaches multiple regression and time series and how to use these to analyze real data in risk management and finance.
Author : Mathieu Boudreault,Jean-François Renaud
Publisher : John Wiley & Sons
Page : 592 pages
File Size : 54,5 Mb
Release : 2019-03-22
Category : Mathematics
ISBN : 9781119137016
A new textbook offering a comprehensive introduction to models and techniques for the emerging field of actuarial Finance Drs. Boudreault and Renaud answer the need for a clear, application-oriented guide to the growing field of actuarial finance with this volume, which focuses on the mathematical models and techniques used in actuarial finance for the pricing and hedging of actuarial liabilities exposed to financial markets and other contingencies. With roots in modern financial mathematics, actuarial finance presents unique challenges due to the long-term nature of insurance liabilities, the presence of mortality or other contingencies and the structure and regulations of the insurance and pension markets. Motivated, designed and written for and by actuaries, this book puts actuarial applications at the forefront in addition to balancing mathematics and finance at an adequate level to actuarial undergraduates. While the classical theory of financial mathematics is discussed, the authors provide a thorough grounding in such crucial topics as recognizing embedded options in actuarial liabilities, adequately quantifying and pricing liabilities, and using derivatives and other assets to manage actuarial and financial risks. Actuarial applications are emphasized and illustrated with about 300 examples and 200 exercises. The book also comprises end-of-chapter point-form summaries to help the reader review the most important concepts. Additional topics and features include: Compares pricing in insurance and financial markets Discusses event-triggered derivatives such as weather, catastrophe and longevity derivatives and how they can be used for risk management; Introduces equity-linked insurance and annuities (EIAs, VAs), relates them to common derivatives and how to manage mortality for these products Introduces pricing and replication in incomplete markets and analyze the impact of market incompleteness on insurance and risk management; Presents immunization techniques alongside Greeks-based hedging; Covers in detail how to delta-gamma/rho/vega hedge a liability and how to rebalance periodically a hedging portfolio. This text will prove itself a firm foundation for undergraduate courses in financial mathematics or economics, actuarial mathematics or derivative markets. It is also highly applicable to current and future actuaries preparing for the exams or actuary professionals looking for a valuable addition to their reference shelf. As of 2019, the book covers significant parts of the Society of Actuaries’ Exams FM, IFM and QFI Core, and the Casualty Actuarial Society’s Exams 2 and 3F. It is assumed the reader has basic skills in calculus (differentiation and integration of functions), probability (at the level of the Society of Actuaries’ Exam P), interest theory (time value of money) and, ideally, a basic understanding of elementary stochastic processes such as random walks.
Author : Michel Denuit,Xavier Marechal,Sandra Pitrebois,Jean-Francois Walhin
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 42,6 Mb
Release : 2007-07-27
Category : Mathematics
ISBN : 0470517417
There are a wide range of variables for actuaries to consider when calculating a motorist’s insurance premium, such as age, gender and type of vehicle. Further to these factors, motorists’ rates are subject to experience rating systems, including credibility mechanisms and Bonus Malus systems (BMSs). Actuarial Modelling of Claim Counts presents a comprehensive treatment of the various experience rating systems and their relationships with risk classification. The authors summarize the most recent developments in the field, presenting ratemaking systems, whilst taking into account exogenous information. The text: Offers the first self-contained, practical approach to a priori and a posteriori ratemaking in motor insurance. Discusses the issues of claim frequency and claim severity, multi-event systems, and the combinations of deductibles and BMSs. Introduces recent developments in actuarial science and exploits the generalised linear model and generalised linear mixed model to achieve risk classification. Presents credibility mechanisms as refinements of commercial BMSs. Provides practical applications with real data sets processed with SAS software. Actuarial Modelling of Claim Counts is essential reading for students in actuarial science, as well as practicing and academic actuaries. It is also ideally suited for professionals involved in the insurance industry, applied mathematicians, quantitative economists, financial engineers and statisticians.
Author : Edward W. Frees,Richard A. Derrig,Glenn Meyers
Publisher : Cambridge University Press
Page : 565 pages
File Size : 46,9 Mb
Release : 2014-07-28
Category : Business & Economics
ISBN : 9781107029873
This book is for actuaries and financial analysts developing their expertise in statistics and who wish to become familiar with concrete examples of predictive modeling.
Author : Michel Denuit,Jan Dhaene,Marc Goovaerts,Rob Kaas
Publisher : John Wiley & Sons
Page : 458 pages
File Size : 53,5 Mb
Release : 2006-05-01
Category : Business & Economics
ISBN : 9780470016442
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.
Author : Jonathan Katz,Yehuda Lindell
Publisher : CRC Press
Page : 664 pages
File Size : 53,6 Mb
Release : 2007-08-31
Category : Computers
ISBN : 1584885866
Cryptography plays a key role in ensuring the privacy and integrity of data and the security of computer networks. Introduction to Modern Cryptography provides a rigorous yet accessible treatment of modern cryptography, with a focus on formal definitions, precise assumptions, and rigorous proofs. The authors introduce the core principles of modern cryptography, including the modern, computational approach to security that overcomes the limitations of perfect secrecy. An extensive treatment of private-key encryption and message authentication follows. The authors also illustrate design principles for block ciphers, such as the Data Encryption Standard (DES) and the Advanced Encryption Standard (AES), and present provably secure constructions of block ciphers from lower-level primitives. The second half of the book focuses on public-key cryptography, beginning with a self-contained introduction to the number theory needed to understand the RSA, Diffie-Hellman, El Gamal, and other cryptosystems. After exploring public-key encryption and digital signatures, the book concludes with a discussion of the random oracle model and its applications. Serving as a textbook, a reference, or for self-study, Introduction to Modern Cryptography presents the necessary tools to fully understand this fascinating subject.
Author : Yiu-Kuen Tse
Publisher : Cambridge University Press
Page : 551 pages
File Size : 55,6 Mb
Release : 2023-04-30
Category : Business & Economics
ISBN : 9781009315074
This class-tested undergraduate textbook covers the entire syllabus for Exam C of the Society of Actuaries (SOA).
Author : Vladimir I. Rotar
Publisher : Unknown
Page : 631 pages
File Size : 40,6 Mb
Release : 2007
Category : Electronic
ISBN : OCLC:1097802550