Introductory Statistics With Applications In General Insurance

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Introductory Statistics with Applications in General Insurance

Author : I. B. Hossack,J. H. Pollard,B. Zehnwirth
Publisher : Cambridge University Press
Page : 298 pages
File Size : 46,7 Mb
Release : 1999-04
Category : Business & Economics
ISBN : 052165534X

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Introductory Statistics with Applications in General Insurance by I. B. Hossack,J. H. Pollard,B. Zehnwirth Pdf

This is a new edition of a very successful introduction to statistical methods for general insurance practitioners. No prior statistical knowledge is assumed, and the mathematical level required is approximately equivalent to school mathematics. Whilst the book is primarily introductory, the authors discuss some more advanced topics, including simulation, calculation of risk premiums, credibility theory, estimation of outstanding claim provisions and risk theory. All topics are illustrated by examples drawn from general insurance, and references for further reading are given. Solutions to most of the exercises are included. For the new edition the opportunity has been taken to make minor improvements and corrections throughout the text, to rewrite some sections to improve clarity, and to update the examples and references. A new section dealing with estimation has also been added.

Modern Actuarial Theory and Practice

Author : Philip Booth,Robert Chadburn,Steven Haberman,Dewi James,Zaki Khorasanee,Robert H Plumb,Ben Rickayzen
Publisher : CRC Press
Page : 840 pages
File Size : 46,5 Mb
Release : 2020-12-16
Category : Business & Economics
ISBN : 9781420057300

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Modern Actuarial Theory and Practice by Philip Booth,Robert Chadburn,Steven Haberman,Dewi James,Zaki Khorasanee,Robert H Plumb,Ben Rickayzen Pdf

In the years since the publication of the best-selling first edition, the incorporation of ideas and theories from the rapidly growing field of financial economics has precipitated considerable development of thinking in the actuarial profession. Modern Actuarial Theory and Practice, Second Edition integrates those changes and presents an up-to-date, comprehensive overview of UK and international actuarial theory, practice and modeling. It describes all of the traditional areas of actuarial activity, but in a manner that highlights the fundamental principles of actuarial theory and practice as well as their economic, financial, and statistical foundations.

Introduction to Insurance Mathematics

Author : Annamaria Olivieri,Ermanno Pitacco
Publisher : Springer
Page : 508 pages
File Size : 45,7 Mb
Release : 2015-09-30
Category : Mathematics
ISBN : 9783319213774

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Introduction to Insurance Mathematics by Annamaria Olivieri,Ermanno Pitacco Pdf

This second edition expands the first chapters, which focus on the approach to risk management issues discussed in the first edition, to offer readers a better understanding of the risk management process and the relevant quantitative phases. In the following chapters the book examines life insurance, non-life insurance and pension plans, presenting the technical and financial aspects of risk transfers and insurance without the use of complex mathematical tools. The book is written in a comprehensible style making it easily accessible to advanced undergraduate and graduate students in Economics, Business and Finance, as well as undergraduate students in Mathematics who intend starting on an actuarial qualification path. With the systematic inclusion of practical topics, professionals will find this text useful when working in insurance and pension related areas, where investments, risk analysis and financial reporting play a major role.

Loss Models

Author : Stuart A. Klugman,Harry H. Panjer,Gordon E. Willmot
Publisher : John Wiley & Sons
Page : 758 pages
File Size : 42,7 Mb
Release : 2012-01-25
Category : Business & Economics
ISBN : 9780470391334

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Loss Models by Stuart A. Klugman,Harry H. Panjer,Gordon E. Willmot Pdf

An update of one of the most trusted books on constructing and analyzing actuarial models Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events. This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model. Features of the Third Edition include: Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR) New sections on extreme value distributions and their estimation Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes Expanded coverage of copula models and their estimation Additional treatment of methods for constructing confidence regions when there is more than one parameter The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA and CAS examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis. Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work. To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep.

Bayesian Statistics in Actuarial Science

Author : Stuart A. Klugman
Publisher : Springer Science & Business Media
Page : 242 pages
File Size : 48,8 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9789401708456

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Bayesian Statistics in Actuarial Science by Stuart A. Klugman Pdf

The debate between the proponents of "classical" and "Bayesian" statistica} methods continues unabated. It is not the purpose of the text to resolve those issues but rather to demonstrate that within the realm of actuarial science there are a number of problems that are particularly suited for Bayesian analysis. This has been apparent to actuaries for a long time, but the lack of adequate computing power and appropriate algorithms had led to the use of various approximations. The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult. The second one takes on added significance as the actuary of today is expected to provide evidence concerning the quality of any estimates. While the examples are all actuarial in nature, the methods discussed are applicable to any structured estimation problem. In particular, statisticians will recognize that the basic credibility problem has the same setting as the random effects model from analysis of variance.

A Guide to Insurance Management

Author : Stephen Diacon
Publisher : Springer
Page : 355 pages
File Size : 52,9 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349074952

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A Guide to Insurance Management by Stephen Diacon Pdf

This book makes a substantial contribution to the general level of management education in insurance by providing a comprehensive review of the main issues facing the management of insurance enterprises. Nineteen authors with considerable practical as well as academic experience have collaborated to give an international perspective in areas such as strategy, corporate planning, organisation and staffing, costing, underwriting and premium rating, marketing, reserving and investment, profit analysis, and regulation.

Statistical and Probabilistic Methods in Actuarial Science

Author : Philip J. Boland
Publisher : CRC Press
Page : 368 pages
File Size : 43,8 Mb
Release : 2007-03-05
Category : Business & Economics
ISBN : 9781584886969

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Statistical and Probabilistic Methods in Actuarial Science by Philip J. Boland Pdf

Statistical and Probabilistic Methods in Actuarial Science covers many of the diverse methods in applied probability and statistics for students aspiring to careers in insurance, actuarial science, and finance. The book builds on students' existing knowledge of probability and statistics by establishing a solid and thorough understanding of

Insurance and Risk Theory

Author : Marc Goovaerts,F. Etienne De Vylder,J. Haezendonck
Publisher : Springer Science & Business Media
Page : 477 pages
File Size : 44,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400946200

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Insurance and Risk Theory by Marc Goovaerts,F. Etienne De Vylder,J. Haezendonck Pdf

Canadian financial institutions have been in rapid change in the past five years. In response to these changes, the Department of Finance issued a discussion paper: The Regulation of Canadian Financial Institutions, in April 1985, and the government intends to introduce legislation in the fall. This paper studi.es the combinantion of financial institutions from the viewpoint of ruin probability. In risk theory developed to describe insurance companies [1,2,3,4,5J, the ruin probability of a company with initial reserve (capital) u is 6 1 -:;-7;;f3 u 1jJ(u) = H6 e H6 (1) Here,we assume that claims arrive as a Poisson process, and the claim amount is distributed as exponential distribution with expectation liS. 6 is the loading, i.e., premium charged is (1+6) times expected claims. Financial institutions are treated as "insurance companies": the difference between interest charged and interest paid is regarded as premiums, loan defaults are treated as claims.

Probability and Statistics with Applications: A Problem Solving Text

Author : Leonard Asimow, Ph.D., ASA,Mark Maxwell, Ph.D., ASA
Publisher : ACTEX Publications
Page : 762 pages
File Size : 45,6 Mb
Release : 2015-06-30
Category : Mathematics
ISBN : 9781625424723

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Probability and Statistics with Applications: A Problem Solving Text by Leonard Asimow, Ph.D., ASA,Mark Maxwell, Ph.D., ASA Pdf

This text is listed on the Course of Reading for SOA Exam P. Probability and Statistics with Applications is an introductory textbook designed to make the subject accessible to college freshmen and sophomores concurrent with Calc II and III, with a prerequisite of just one smester of calculus. It is organized specifically to meet the needs of students who are preparing for the Society of Actuaries qualifying Examination P and Casualty Actuarial Society's new Exam S. Sample actuarial exam problems are integrated throughout the text along with an abundance of illustrative examples and 870 exercises. The book provides the content to serve as the primary text for a standard two-semester advanced undergraduate course in mathematical probability and statistics. 2nd Edition Highlights Expansion of statistics portion to cover CAS ST and all of the statistics portion of CAS SAbundance of examples and sample exam problems for both Exams SOA P and CAS SCombines best attributes of a solid text and an actuarial exam study manual in one volumeWidely used by college freshmen and sophomores to pass SOA Exam P early in their college careersMay be used concurrently with calculus coursesNew or rewritten sections cover topics such as discrete and continuous mixture distributions, non-homogeneous Poisson processes, conjugate pairs in Bayesian estimation, statistical sufficiency, non-parametric statistics, and other topics also relevant to SOA Exam C.

Insuring Medical Malpractice

Author : Frank A. Sloan,Randall R. Bovbjerg,Penny B. Githens
Publisher : Oxford University Press, USA
Page : 264 pages
File Size : 40,5 Mb
Release : 1991
Category : Insurance, Physicians' liability
ISBN : 9780195069594

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Insuring Medical Malpractice by Frank A. Sloan,Randall R. Bovbjerg,Penny B. Githens Pdf

The cost of malpractice insurance to physicians has been increasing in recent years, as has the threat to physicians of being sued. This book describes and analyzes the workings of the market for physicians' liability insurance. The authors use their own data and other sources to study questions such as: Is the market for medical malpractice insurance competitive? Has the profitability of medical malpractice insurance been excessive? Why do malpractice insurers demand reinsurance? What effect has insurance regulation had on premiums? And it explores what experience rating is and how it is done.

Encyclopedia of Quantitative Risk Analysis and Assessment

Author : Anonim
Publisher : John Wiley & Sons
Page : 2163 pages
File Size : 42,7 Mb
Release : 2008-09-02
Category : Mathematics
ISBN : 9780470035498

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Encyclopedia of Quantitative Risk Analysis and Assessment by Anonim Pdf

Leading the way in this field, the Encyclopedia of Quantitative Risk Analysis and Assessment is the first publication to offer a modern, comprehensive and in-depth resource to the huge variety of disciplines involved. A truly international work, its coverage ranges across risk issues pertinent to life scientists, engineers, policy makers, healthcare professionals, the finance industry, the military and practising statisticians. Drawing on the expertise of world-renowned authors and editors in this field this title provides up-to-date material on drug safety, investment theory, public policy applications, transportation safety, public perception of risk, epidemiological risk, national defence and security, critical infrastructure, and program management. This major publication is easily accessible for all those involved in the field of risk assessment and analysis. For ease-of-use it is available in print and online.

Contributions to Insurance Economics

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 536 pages
File Size : 43,6 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9789401711685

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Contributions to Insurance Economics by Georges Dionne Pdf

For a number of years, I have been teaching and doing research in the economics of uncertainty, information, and insurance. Although it is now possible to find textbooks and books of essays on uncertainty and in formation in economics and finance for graduate students and researchers, there is no equivalent material that covers advanced research in insurance. The purpose of this book is to fill this gap in literature. It provides original surveys and essays in the field of insurance economics. The contributions offer basic reference, new material, and teaching supple ments to graduate students and researchers in economics, finance, and insurance. It represents a complement to the book of readings entitled Foundations of Insurance Economics - Readings in Economics and Finance, recently published by the S.S. Huebner Foundation of Insurance Education. In that book, the editors (G. Dionne and S. Harrington) disseminate key papers in the literature and publish an original survey of major contributions in the field.

Operational Risk

Author : Harry H. Panjer
Publisher : John Wiley & Sons
Page : 469 pages
File Size : 53,5 Mb
Release : 2006-07-28
Category : Business & Economics
ISBN : 9780471760894

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Operational Risk by Harry H. Panjer Pdf

Discover how to optimize business strategies from both qualitative and quantitative points of view Operational Risk: Modeling Analytics is organized around the principle that the analysis of operational risk consists, in part, of the collection of data and the building of mathematical models to describe risk. This book is designed to provide risk analysts with a framework of the mathematical models and methods used in the measurement and modeling of operational risk in both the banking and insurance sectors. Beginning with a foundation for operational risk modeling and a focus on the modeling process, the book flows logically to discussion of probabilistic tools for operational risk modeling and statistical methods for calibrating models of operational risk. Exercises are included in chapters involving numerical computations for students' practice and reinforcement of concepts. Written by Harry Panjer, one of the foremost authorities in the world on risk modeling and its effects in business management, this is the first comprehensive book dedicated to the quantitative assessment of operational risk using the tools of probability, statistics, and actuarial science. In addition to providing great detail of the many probabilistic and statistical methods used in operational risk, this book features: * Ample exercises to further elucidate the concepts in the text * Definitive coverage of distribution functions and related concepts * Models for the size of losses * Models for frequency of loss * Aggregate loss modeling * Extreme value modeling * Dependency modeling using copulas * Statistical methods in model selection and calibration Assuming no previous expertise in either operational risk terminology or in mathematical statistics, the text is designed for beginning graduate-level courses on risk and operational management or enterprise risk management. This book is also useful as a reference for practitioners in both enterprise risk management and risk and operational management.

Introductory Statistics 2e (hardcover, Full Color)

Author : Barbara Illowsky,Susan Dean
Publisher : Unknown
Page : 0 pages
File Size : 54,7 Mb
Release : 2023-12-14
Category : Business & Economics
ISBN : 1998295478

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Introductory Statistics 2e (hardcover, Full Color) by Barbara Illowsky,Susan Dean Pdf

Book Publication Date: Dec 13, 2023. Full color. Introductory Statistics 2e provides an engaging, practical, and thorough overview of the core concepts and skills taught in most one-semester statistics courses. The text focuses on diverse applications from a variety of fields and societal contexts, including business, healthcare, sciences, sociology, political science, computing, and several others. The material supports students with conceptual narratives, detailed step-by-step examples, and a wealth of illustrations, as well as collaborative exercises, technology integration problems, and statistics labs. The text assumes some knowledge of intermediate algebra, and includes thousands of problems and exercises that offer instructors and students ample opportunity to explore and reinforce useful statistical skills.

Actuarial Science

Author : I.B. MacNeill,G. Umphrey
Publisher : Springer Science & Business Media
Page : 258 pages
File Size : 54,9 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9789400947962

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Actuarial Science by I.B. MacNeill,G. Umphrey Pdf

On May 27-31, 1985, a series of symposia was held at The University of Western Ontario, London, Canada, to celebrate the 70th birthday of Pro fessor V. M. Joshi. These symposia were chosen to reflect Professor Joshi's research interests as well as areas of expertise in statistical science among faculty in the Departments of Statistical and Actuarial Sciences, Economics, Epidemiology and Biostatistics, and Philosophy. From these symposia, the six volumes which comprise the "Joshi Festschrift" have arisen. The 117 articles in this work reflect the broad interests and high quality of research of those who attended our conference. We would like to thank all of the contributors for their superb cooperation in helping us to complete this project. Our deepest gratitude must go to the three people who have spent so much of their time in the past year typing these volumes: Jackie Bell, Lise Constant, and Sandy Tarnowski. This work has been printed from "camera ready" copy produced by our Vax 785 computer and QMS Lasergraphix printers, using the text processing software TEX. At the initiation of this project, we were neophytes in the use of this system. Thank you, Jackie, Lise, and Sandy, for having the persistence and dedication needed to complete this undertaking.