Practical Risk Theory for Actuaries (Chapman & Hall/CRC Monographs on Statistics and Applied Probability) - Hardcover

Daykin, C.D.; Pentikainen, T.; Pesonen, Martti

Hardcover

ISBN 10: 0412428504 ISBN 13: 9780412428500

Publisher: Chapman and Hall/CRC, 1993

Synopsis

This classic textbook covers all aspects of risk theory in a practical way. It builds on from the late R.E. Beard's extremely popular book Risk Theory, but features more emphasis on simulation and modeling and on the use of risk theory as a practical tool. Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business. It has its roots in the classical theory of risk but introduces many new elements that are important in managing the insurance business but are usually ignored in the classical theory. The authors avoid overcomplicated mathematics and provide an abundance of diagrams.

About this title

Review:

This book continues the tradition of cooperation between British and Finnish actuaries and scholars which led to several editions of Risk Theory by Beard et al. The title of the book and of the first part emphasize the practical aspects of risk theory. This goal is to a large extent reached by focusing on problems which occur in practice and by devoting time and efforts in explaining the more theoretical methods which are applied...as a handbook it seems to cover an unusually large number of interesting fields. The general impression of the book is very favorable: it introduces important concepts in a pedagogical manner, it presents a wide spectrum of ideas with modern references fro further study, and it is typographically attractive.

About this edition

• Publisher: Chapman and Hall/CRC
• Publication date: 1993
• ISBN 10: 0412428504
• ISBN 13: 9780412428500
• Binding: Hardcover
• Edition number: 1
• Number of pages: 568