Loss Models: From Data to Decisions Solutions Manual (Wiley Series in Probability and Statistics)

Klugman, Stuart A. Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot,

ISBN 10: 0470385715 / ISBN 13: 9780470385715

Published by Wileyâ€"Blackwell, 2008

About this Item

Loss Models: From Data to Decisions Solutions Manual (Wiley Series in Probability and Statistics) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

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Bibliographic Details

• Title: Loss Models: From Data to Decisions Solutions Manual (Wiley Series in Probability and Statistics)
• Publisher: Wileyâ "Blackwell
• Publication Date: 2008
• Language: English
• ISBN 10: 0470385715
• ISBN 13: 9780470385715
• Binding: paperback
• Edition: 3rd Edition
• Condition: Very Good

About this title

Synopsis

An update of one of the most trusted books on constructing and analyzing actuarial models

Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events.

This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model. Features of the Third Edition include:

• Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR)
• New sections on extreme value distributions and their estimation
• Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes
• Expanded coverage of copula models and their estimation
• Additional treatment of methods for constructing confidence regions when there is more than one parameter

The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA and CAS examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis.

Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work.

To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep.

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.