Reinsurance: Actuarial and Statistical Aspects

Reinsurance: Actuarial and Statistical Aspectsprovides a survey of both the academic literature in the field as well as challenges appearing in reinsurance practice and puts the two in perspective. The book is written for researchers with an interest in reinsurance problems, for graduate students with a basic knowledge of probability and statistics as well as for reinsurance practitioners. The focus of the book is on modelling together with the statistical challenges that go along with it. The discussed statistical approaches are illustrated alongside six case studies of insurance loss data sets, ranging from MTPL over fire to storm and flood loss data. Some of the presented material also contains new results that have not yet been published in the research literature. An extensive bibliography provides readers with links for further study.

Avainsanat: reinsurance; insurance; actuarial science; structured finance and insurance; actuarial aspects of reinsurance; statistical aspects of reinsurance; reinsurance companies; benefits of reinsurance; complete guide to understanding reinsurance; understanding reinsurance; stochastic processes for insurance; stochastic processes for finance; general theories of insurance; insurance theory; reinsurance theory; insurance risk theory; insurance loss; insurance underwriting; mathematical methods in risk theory; modelling extremal events for insurance and finance; Reinsurance: Actuarial and Statistical Aspects