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## Details

Material Type: | Internet resource |
---|---|

Document Type: | Book, Internet Resource |

All Authors / Contributors: |
D C M Dickson |

ISBN: | 0521846404 9780521846400 9780521176750 0521176751 |

OCLC Number: | 55871077 |

Description: | xii, 229 pages : illustrations ; 24 cm. |

Contents: | 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. |

Series Title: | International series on actuarial science. |

Responsibility: | David C.M. Dickson. |

More information: |

### Abstract:

## Reviews

*Editorial reviews*

Publisher Synopsis

'... requires some mathematical maturity but provides a good insight into how probability distributions tie in with insurance applications.' Journal of Applied Statistics '... a nice introduction to some basic aspects of risk theory, with special emphasis on utility theory, recursive methods and ruin theory ... What I appreciate most is the way in which the author explains the different topics dealt with in this book.' Publication of the International Statistical Institute 'This book is well written. It is also well organized. ... For practitioners, it may be of interesting reference, and a way to have a good overview of some recent developments in ruin theory.' ASTIN Bulletin '... a carefully and well written monograph on insurance risk and ruin, providing the higher-year student with the basic tools and concepts in these areas. Lecturers will find it a useful textbook for a corresponding course to teach in an actuarial program.' Zentralblatt MATH 'All in all, this is a nice textbook, especially for students with a limited background in probability. In particular, it should be useful for students studying for the professional examination ... I am not aware of any book on the same level in which ruin theory is treated so deeply.' Journal of the American Statistical Association '... provides an accessible treatment of some of the most fundamental concepts in the classical development of insurance portfolio modelling, admirably treading the tightrope between rigorous detail and intuitive argument ... an excellent undergraduate treatment of an important and often daunting subject and will make a more than useful addition to the shelves of both actuarial educators and students alike.' Gazette of the Australian Maths Society '... this is a book which can well be recommended to students interested in risk and ruin and wanting a good readable account that goes beyond the syllabus of the professional examinations.' South African Actuarial Journal '... a good accessible treatment of some of the most fundamental concepts cleverly walking the fine line between too much rigorous detail and not enough. It is a good book for student reference in university libraries.' Mathematics Today 'A clear, concise and well written textbook on two daunting actuarial areas ... The exposition is so clear that it feels like [the author is] talking to you ... This is an excellent book equally suitable for self-study and classroom instruction. It is highly recommended as supplementary reading for students studying for their professional exams and as an overview of the latest developments in risk models, ruin theory and reinsurance for practitioners.' Seow Fan Chong, Annals of Actuarial Science 'this well written and well organised book provides a good insight into how probability theory ties with insurance applications.' Zentralblatt MATH "This is a nice introduction to some basic aspects of risk theory, with special emphasis on utility theory, recursive methods and ruin theory. The book is written in a style which is close to what a presentation in a classroom might be: it is narrative and moves ahead from definitions to results in a flow of mathematical arguments and accompanying explanations...The book greatly benefits from numerical illustrations, numerous examples and many exercises and their solutions. What I appreciate most is the way in which the author explains the different topics dealt with in this book." ISI Short Book Reviews "...this is a nice textbook, especially for students with a limited background in probability. In particular, it should be useful for students studying fro the professional examination.... I am not aware of any book on the same level in which ruin theory is treated so deeply. The numerous exercises allow for the application of theory immediately. For this reason, this book is also ideal for an applied course for students with only a basic introduction to probability." Journal of the American Statistical Association "A clear, concise and well written text-book on two daunting actuarial areas... The exposition is so clear that it feels like [the author is] talking to you... This is an excellent book equally suitable for self-study and classroom instruction. It is highly recommended as supplementary reading for students studying for their professional exams and as an overview of the latest developments in risk models, ruin theory and reinsurance for practitioners." Seow Fan Chong, Annals of Actuarial Science Read more...

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