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Klugman, Stuart A.

Loss Models: From Data to Decisions

Klugman, Stuart A. - Loss Models: From Data to Decisions, ebook

169,65€

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ISBN: 9781119523758
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A guide that provides in-depth coverage of modeling techniques used throughout many branches of actuarial science, revised and updated

Now in its fifth edition, Loss Models: From Data to Decisions puts the focus on material tested in the Society of Actuaries (SOA) newly revised Exams STAM (Short-Term Actuarial Mathematics) and LTAM (Long-Term Actuarial Mathematics). Updated to reflect these exam changes, this vital resource offers actuaries, and those aspiring to the profession, a practical approach to the concepts and techniques needed to succeed in the profession. The techniques are also valuable for anyone who uses loss data to build models for assessing risks of any kind.

Loss Models contains a wealth of examples that highlight the real-world applications of the concepts presented, and puts the emphasis on calculations and spreadsheet implementation. With a focus on the loss process, the book reviews the essential quantitative techniques such as random variables, basic distributional quantities, and the recursive method, and discusses techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered. In addition, the authors offer practical advice for choosing an appropriate model. This important text:

• Presents a revised and updated edition of the classic guide for actuaries that aligns with newly introduced Exams STAM and LTAM

• Contains a wealth of exercises taken from previous exams

• Includes fresh and additional content related to the material required by the Society of Actuaries (SOA) and the Canadian Institute of Actuaries (CIA)

• Offers a solutions manual available for further insight, and all the data sets and supplemental material are posted on a companion site

Written for students and aspiring actuaries who are preparing to take the SOA examinations, Loss Models offers an essential guide to the concepts and techniques of actuarial science.

Keywords:

Guide to Loss Models; Understanding loss models; text on loss models; resource to loss models; modelling techniques in actuarial science; society of actuaries exam C; practical guide to concepts of actuarial models; concepts of actuarial models; newest material for actuary exam; construct actuary models; design actuary models; analysis of actuary models; examples of actuary models; analysis of mathematical models for actuaries; quantitative techniques for actuaries; parametric estimation methods; non-parametric estimation methods; Bayesian estimation methods; examples of estimation methods for actuaries; applications of models for actuaries; calculations for actuaries; creating spread sheet for actuaries; risk models for actuaries 

, General Finance & Investments, Business & Finance, General Finance & Investments, Business & Finance
Author(s)
 
 
Publisher
John Wiley and Sons, Inc.
Publication year
2019
Language
en
Edition
5
Series
Wiley Series in Probability and Statistics
Page amount
560 pages
Format
Ebook
eISBN (ePUB)
9781119523758
Printed ISBN
9781119523789

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