Loss Models: From Data to Decisions, Book + Solutions Manual Set

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A01=Stuart A. Klugman
analysis of actuary models
analysis of mathematical models for actuaries
applications of models for actuaries
Author_Stuart A. Klugman
Bayesian estimation methods
calculations for actuaries
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Category=KCH
Category=KFF
Category=KFFN
concepts of actuarial models
construct actuary models
creating spread sheet for actuaries
design actuary models
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examples of actuary models
examples of estimation methods for actuaries
Guide to Loss Models
modelling techniques in actuarial science
newest material for actuary exam
non-parametric estimation methods
parametric estimation methods
practical guide to concepts of actuarial models
quantitative techniques for actuaries
resource to loss models
risk models for actuaries
society of actuaries exam C
text on loss models
Understanding loss models

Product details

  • ISBN 9781119538080
  • Weight: 1021g
  • Dimensions: 183 x 259mm
  • Publication Date: 09 Jul 2019
  • Publisher: John Wiley & Sons Inc
  • Publication City/Country: US
  • Product Form: Hardback
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A modern practical guide to building and using actuarial models.

Loss Models: From Data to Decisions is organized around the principle that actuaries build models in order to analyze risks and make decisions about managing the risks based on conclusions drawn from the analysis. In practice, one begins with data and ends with a business decision. The book flows logically from this principle. It begins with a framework for model building and a description of frequency and severity loss data typically available to actuaries. Parametric models are emphasized throughout.

The frequency and severity models are used in building aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods.

  • Designed as both an educational text as well as a professional reference, Loss Models:
  • Assumes little prior knowledge of insurance systems
  • Features many fascinating examples taken from insurance files
  • Contains a major instructive case study continued through each chapter
  • Covers the classical areas of risk theory and loss distributions
  • Gives a practical but rigorous treatment of modern credibility theory
  • Uses standard statistical concepts, methods, and notation
  • Provides modern computational algorithms for implementing methods
  • Includes free companion software available from an FTP site
  • Deals with many topics on CAS 4B and SOA 151 and 152 actuarial exams
  • Includes many exercises based on past CAS and SOA exams.

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