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Insurance Risk and Ruin

International Series on Actuarial Science

By (author) David C. M. Dickson
Format: Hardback
Publisher: Cambridge University Press, Cambridge, United Kingdom
Published: 27th Oct 2016
Dimensions: w 157mm h 235mm d 18mm
Weight: 620g
ISBN-10: 110715460X
ISBN-13: 9781107154605
Barcode No: 9781107154605
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Synopsis
The focus of this book is on the two major areas of risk theory: aggregate claims distributions and ruin theory. For aggregate claims distributions, detailed descriptions are given of recursive techniques that can be used in the individual and collective risk models. For the collective model, the book discusses different classes of counting distribution, and presents recursion schemes for probability functions and moments. For the individual model, the book illustrates the three most commonly applied techniques. Beyond the classical topics in ruin theory, this new edition features an expanded section covering time of ruin problems, Gerber-Shiu functions, and the application of De Vylder approximations. Suitable for a first course in insurance risk theory and extensively classroom tested, the book is accessible to readers with a solid understanding of basic probability. Numerous worked examples are included and each chapter concludes with exercises for which complete solutions are provided.

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