Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

Loss Models, Solutions Manual: From Data to Decisions Paperback – Aug 25 2008


See all 6 formats and editions Hide other formats and editions
Amazon Price New from Used from
Paperback
"Please retry"
CDN$ 105.23 CDN$ 39.26

There is a newer edition of this item:


Best Books of 2014
Unruly Places, Alastair Bonnett’s tour of the world’s most unlikely micro-nations, moving villages, secret cities, and no man’s lands, is our #1 pick for 2014. See all

Special Offers and Product Promotions

  • Join Amazon Student in Canada


Customers Who Bought This Item Also Bought



Product Details

  • Paperback: 336 pages
  • Publisher: Wiley-Interscience; 3 edition (Aug. 25 2008)
  • Language: English
  • ISBN-10: 0470385715
  • ISBN-13: 978-0470385715
  • Product Dimensions: 15.6 x 1.8 x 23.2 cm
  • Shipping Weight: 481 g
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Bestsellers Rank: #272,016 in Books (See Top 100 in Books)

Product Description

Review

"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.

From the Publisher

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.

Inside This Book (Learn More)
Browse and search another edition of this book.
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Search inside this book:

What Other Items Do Customers Buy After Viewing This Item?

Customer Reviews

4.5 out of 5 stars
5 star
5
4 star
0
3 star
0
2 star
1
1 star
0
See all 6 customer reviews
Share your thoughts with other customers

Most helpful customer reviews

2 of 2 people found the following review helpful By Michael R. Chernick on Aug. 9 2000
Format: Hardcover
When I took a job to model prediction of loss reserves for workers compensation insurance, I began to realize that the traditional statistical methods that I generally relied n would not help me (without modification). The required modification would be either to transform variables or to model long-tailed probability distributions. This is because in the insurance business you have to reserve for those big catastrophies. The cost data for workers compensation data generally show a high frequency of low to moderate costs (say in the range of $1000 to $50,000). However occasionally there are a few cases of severe injury causing permanent disability which could run over 1 million dollars. Even though the probability of occurrence is small the cost is so high that it cannot be ignored. Such claims will surely be found when large insurance company cover millions of employees over many years.
The problem occurs when insuring for floods, earthquakes, fires and other disasters. Stuart Klugman and Bob Hogg in 1984 wrote the first introductory text to acquaint statisticians with such probability models that are important in the insurance business. Other books covering the subject were covered in books on risk theory designed for actuaries. This book covers all the topics and assumes mathematical and staistical knowledge at the level of the book by Hogg and Craig (so some calculus is required).
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again.
Format: Hardcover
When I took a job to model prediction of loss reserves for workers compensation insurance, I began to realize that the traditional statistical methods that I generally relied n would not help me (without modification). The required modification would be either to transform variables or to model long-tailed probability distributions. This is because in the insurance business you have to reserve for those big catastrophies. The cost data for workers compensation data generally show a high frequency of low to moderate costs... . However occasionally there are a few cases of sever injury causing permanent disability which could run over 1 million dollars. Even though the probability of occurrence is small the cost is so high that it cannot be ignored. Such claims will surely be found when large insurance company cover millions of employees over many years.
The problem occurs when insuring for floods, earthquakes, fires and other disasters. Stuart Klugman and Bob Hogg in 1984 wrote the first introductory text to acquaint statisticians with such probability models that are important in the insurance business. Other books covering the subject were covered in books on risk theory designed for actuaries. This book covers all the topics and assumes mathematical and staistical knowledge at the level of the book by Hogg and Craig (so some calculus is required).
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again.
By Francois Pelletier on Jan. 4 2010
Format: Hardcover
I think this is the best book about actuarial models, even for beginners in probabilities and actuarial science. It has a great introduction with review stuff, and it is enough complete for the actuarial exams. As a student I recommend this book
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again.


Feedback