Publisher description
Revised, updated, and even more useful to students, teachers, and
practicing professionals The First Edition of Loss Models was deemed "worthy of classical status" by the Journal of the International
Statistical Institute. While retaining its predecessor's thorough treatment of
the concepts and methods of analyzing contingent events, this powerful Second
Edition is updated and expanded to offer even more complete and flexible
coverage of risk theory, loss distributions, and survival models. Beginning with a framework for model building and a description of
frequency and severity loss data typically available, it shows readers how to
combine frequency, severity, and loss models to build aggregate loss models and
credibility-based pricing models, and how to analyze loss over multiple time
periods. Important features of this new edition include: Thorough preparation for
relevant parts of preliminary examinations of the Society of Actuaries (SOA)
and Casualty Actuarial Society (CAS) Exercises based on past SOA and CAS exams
Examples using actual insurance data Practical treatment of modern credibility
theory Data files and more from an ftp site Loss Models, Second Edition is an
important resource, providing a comprehensive, practically motivated toolkit
and an excellent reference, for actuaries preparing for SOA and CAS preliminary
examinations, students in actuarial science who need to understand loss and
risk models, and practicing professionals involved in loss modeling.
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Loss Models, Textbook and Solutions Manual: From Data to Decisions
Book reviews » Loss Models, Textbook and Solutions Manual: From Data to Decisions (Wiley Series in Probability and Statistics)
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