Risk Theory - A Guide for the Chinese Actuarial Examinations (Second Edition)

Author: Zou Gongming
Publisher:
Publish Date: 2006-07-01
Features: The purpose of writing "Risk Theory" is to address the questions of candidates and improve their actuarial knowledge level. For this reason, "Risk Theory" includes four sets of mock exams, each with detailed solutions. This book is a supplementary text for the Chinese Actuarial Association examination. "Risk Theory" covers three fundamental models: the short-term individual risk model, the short-term aggregate risk model, and the long-term aggregate risk model. The first two models can be directly applied to the calculation of pure premiums for insurance products, while the long-term aggregate risk model plays an important role in calculations related to reinsurance, insurance regulation, and non-life insurance profit and pricing. The book is divided into six chapters, each consisting of sections such as "Key Points," "Analysis of Key and Difficult Points," "Solutions to Exercises," "Additional Exercises," and "Thought-Provoking Questions." The purpose of writing this book is to address the questions of candidates and improve their actuarial knowledge level. For this reason, the book includes four sets of mock exams, each with detailed solutions.