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Insurance Risk and Ruin 2nd Edition

Insurance Risk and Ruin 2nd Edition

Name: Insurance Risk and Ruin 2nd Edition
Brand: Cambridge University Press
SKU: 9781107154605
Price: 794.43 HKD
Availability: InStock
Author: David C. M. Dickson
ISBN: 9781107154605

By David C. M. Dickson

Cambridge University Press October 2016

Specifications

ISBN-13: 9781107154605
Publisher: Cambridge University Press
Publication: October 2016
Format: Paperback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

The focus of this book is on the two major areas of risk theory: aggregate claims distributions and ruin theory. For aggregate claims distributions, detailed descriptions are given of recursive techniques that can be used in the individual and collective risk models. For the collective model, the book discusses different classes of counting distribution, and presents recursion schemes for probability functions and moments. For the individual model, the book illustrates the three most commonly applied techniques.

Beyond the classical topics in ruin theory, this new edition features an expanded section covering time of ruin problems, Gerber-Shiu functions, and the application of De Vylder approximations. Suitable for a first course in insurance risk theory and extensively classroom tested, the book is accessible to readers with a solid understanding of basic probability. Numerous worked examples are included and each chapter concludes with exercises for which complete solutions are provided.

Preface

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

Appendix

Solutions to exercises

References

Index.

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Table of Contents

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