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"This book provides in depth coverage of modelling techniques used throughout many branches of actuarial science … .The exceptional high standard of this book has made it a pleasure to read and review." (Annals of Actuarial Science, 2008)
“This book will be necessary for all academic programs in actuarial science. It will also serve as an important reference for practicing actuaries.” (Mathematical Assoc. of America, June 2009)--This text refers to an out of print or unavailable edition of this title.
Much of actuarial science consists of constructing and analyzing mathematical models that describe how fluids flow into and out of an insurance system. This book examines contemporary topics such as risk theory and economics, credibility and stochastic processes with a focus on the loss process, or the outflow of cash due to the payment of benefits. --This text refers to an out of print or unavailable edition of this title.See all Product Description
This is a reasonable textbook. However, this edition is quite different from the latest, which is what most professors will be referencing. Read morePublished on Oct. 17 2012 by Cal
If you buy the loss models book, this is a great companion.
Solutions are really complete, no "the proof is let to you" or endless "see problem #??? you did a year ago"