|
Showing 1 - 1 of
1 matches in All Departments
Practical Risk Theory is designed to be a textbook for practising
actuaries and student actuaries on the practical aspects of
stochastic modelling of the insurance business. It has its roots in
the classical theory of risk but introduces many new elements that
are important in managing the insurance business but which are
usually ignored in the classical theory. These include modelling
the stochastic behaviour of inflation and investments, cyclical
effects on both claims and premiums, claaim run-off uncertainty and
feed-back mechanisms. The main focus of the book is on general
insurance (property/casualty insurance) but there are also chapters
in life insurance and pensions. Practical tips are given for the
use of simulation to solve both short-term and long-term problems,
with many practical applications. The text avoids the use of
complex or abstruse mathematical formulations and makes liberal use
of diagrams and graphical representations.
|
You may like...
Ab Wheel
R209
R149
Discovery Miles 1 490
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.