Non-life Actuarial 21st Century Insurance Series Textbooks

Author: Wang Jinglong, Tang Ming, Han Tianxiong (Editor-in-Chief)
Publisher:
Publish Date: 2004-06-01
Features: Life Insurance Actuarial is based on property insurance and incorporates the latest research findings from both domestic and international sources. It has a complete system, rigorous structure, and detailed content, serving as a professional textbook that integrates the fundamental theories, basic skills, and practical applications of property insurance actuarial science. The book consists of 9 chapters, each accompanied by summaries, key terms, and review questions, along with relevant reference data. Chapter 1 is an introduction, covering actuarial science, actuaries, the differences between life and non-life insurance, and the responsibilities of non-life insurance actuaries. Chapters 2 and 3 provide the foundational knowledge of basic probability and statistics for non-life insurance actuarial science. Chapters 4 to 8 further explain the actuarial techniques relevant to the primary responsibilities of non-life insurance actuaries in order. Chapter 4 discusses rate setting; Chapter 5 covers credibility theory related to rate adjustments; Chapter 6 addresses reserve assessment and accumulation; Chapter 7 discusses reinsurance; Chapter 8 covers investment; and finally, Chapter 9 explores risk theory for assessing the risks borne by insurance companies.