9781330141052: Insurance

Synopsis

This book introduces the reader, the layperson or expert alike, to the principles of insurance administration. It begins by explaining the fundamental concepts of probability and risk that underpin the insurance industry. It then moves on to examining the key elements in calculating insurance premiums, using data from real world examples. Particular attention is paid to techniques for predicting future experience based on past data, with the author providing both theoretical and practical insights into the 'science' of insurance. The book is notable both for its coverage of insurance administration and its practical examples of how accepted methods are applied to real world insurance products and situations.

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