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Modern Actuarial Risk Theory

Using R

Authors: Kaas, R., Goovaerts, M., Dhaene, J., Denuit, M.

  • Reflects the state-of-the-art in actuarial risk theory
  • Uses R, the de facto standard for statistical computation, for the illustration of the techniques applied
  • Presents practical paradigms in insurance as well as numerous exercises with solutions
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eBook $44.99
price for USA in USD (gross)
  • ISBN 978-3-540-70998-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA in USD
  • ISBN 978-3-540-70992-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.95
price for USA in USD
  • ISBN 978-3-642-03407-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility theory, individual and collective model and basic ruin theory. Other topics are risk measures and premium principles, bonus-malus systems, ordering of risks and credibility theory. It also contains some chapters about Generalized Linear Models, applied to rating and IBNR problems. As to the level of the mathematics, the book would fit in a bachelors or masters program in quantitative economics or mathematical statistics.

This second and much expanded edition emphasizes the implementation of these techniques through the use of R. This free but incredibly powerful software is rapidly developing into the de facto standard for statistical computation, not just in academic circles but also in practice. With R, one can do simulations, find maximum likelihood estimators, compute distributions by inverting transforms, and much more.

 

Reviews

From the reviews of the second edition:

"The book gives a comprehensive survey of non-life insurance mathematics. … Originally written for use with the actuarial science programs at the Universities of Amsterdam and Leuven, it is now in use at many other universities as well as for the non-academic actuarial education program organized by the Dutch Actuarial Society. The methods presented can not only be used in non-life insurance, but also in other branches of actuarial science, as well as in actuarial practice." (Pavel Stoynov, Zentralblatt MATH, Vol. 1148, 2008)

“This book gives an introduction to non-life insurance mathematics. … Throughout the book, the software R is used for the implementation of the techniques presented. One finds also many exercises with hints for their solution in an appendix.” (F. Hofbauer, Monatshefte für Mathematik, Vol. 161 (1), August, 2010)


Table of contents (11 chapters)

Buy this book

eBook $44.99
price for USA in USD (gross)
  • ISBN 978-3-540-70998-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA in USD
  • ISBN 978-3-540-70992-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $59.95
price for USA in USD
  • ISBN 978-3-642-03407-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Modern Actuarial Risk Theory
Book Subtitle
Using R
Authors
Copyright
2008
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-70998-5
DOI
10.1007/978-3-540-70998-5
Hardcover ISBN
978-3-540-70992-3
Softcover ISBN
978-3-642-03407-7
Edition Number
2
Number of Pages
XVIII, 382
Topics