Modern Actuarial Risk Theory

Author: Karl
Publisher:
Publish Date: 2005-03-01
Features: This book provides a comprehensive and detailed overview of non-life insurance mathematics, including expected utility models, individual risk models, aggregate risk models, probability of ruin, premium principles, bonus-malus systems, credibility theory, generalized linear models, IBNR techniques, and risk ranking. For teaching purposes, the book includes numerous examples and exercises at the end of each chapter. The content and methods presented in this book are also applicable to research in non-life insurance, other branches of actuarial science, and practical applications in actuarial practice. This book can serve as a textbook for senior undergraduate and graduate students in actuarial science, probability and statistics, and quantitative finance or economics programs with a strong insurance background, as well as a reference for relevant researchers.