Non-life actuarial science

Author: Su Fang
Publisher:
Publish Date: 2006-09-01
Features: This book is divided into four parts: Part one is the basics of non-life actuarial science, introducing the fundamental concepts, principles, various related terms, and basic knowledge of non-life actuarial science; the second part is non-life rate setting, introducing the steps and precautions to be taken when setting rates for non-life insurance products; the third part is non-life liability reserves, introducing the classification of non-life liability reserves of insurance companies and the deposit and valuation methods for each type of reserve; the fourth part is non-life reinsurance, introducing the types of reinsurance, optimal reinsurance, optimal self-retention amount, as well as various methods of reinsurance pricing and reserve deposit. The feature of this book lies in its comprehensive and systematic introduction of the theoretical knowledge of non-life actuarial science. Since non-life actuarial science is a very complex field with strong practicality, the author avoids using profound mathematical derivations and proofs in the writing process, instead focusing on the combination of theory and practice, emphasizing practical operational methods, and emphasizing understanding and innovation.