Download or read book Stochastic Processes for Insurance and Finance written by Tomasz Rolski and published by John Wiley & Sons. This book was released on 2009-09-25 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Processes for Insurance and Finance offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes. Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address: The principal concepts from insurance and finance Practical examples with real life data Numerical and algorithmic procedures essential for modern insurance practices Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences. Wiley Series in Probability and Statistics

Download or read book Lectures on Risk Theory written by and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-five years ago, Hans Blihlmann published his famous monograph Mathe matical Methods in Risk Theory in the series Grundlehren der Mathematischen Wis8enschaften and thus established nonlife actuarial mathematics as a recognized subject of probability theory and statistics with a glance towards economics. This book was my guide to the subject when I gave my first course on nonlife actuarial mathematics in Summer 1988, but at the same time I tried to incorporate into my lectures parts of the rapidly growing literature in this area which to a large extent was inspired by Blihlmann's book. The present book is entirely devoted to a single topic of risk theory: Its subject is the development in time of a fixed portfolio of risks. The book thus concentrates on the claim number process and its relatives, the claim arrival process, the aggregate claims process, the risk process, and the reserve process. Particular emphasis is laid on characterizations of various classes of claim number processes, which provide alternative criteria for model selection, and on their relation to the trinity of the binomial, Poisson, and negativebinomial distributions. Special attention is also paid to the mixed Poisson process, which is a useful model in many applications, to the problems of thinning, decomposition, and superposition of risk processe8, which are important with regard to reinsurance, and to the role of martingales, which occur in a natural way in canonical situations.

Download or read book Recursions for Convolutions and Compound Distributions with Insurance Applications written by Bjoern Sundt and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1980, methods for recursive evaluation of aggregate claims distributions have received extensive attention in the actuarial literature. This book gives a unified survey of the theory and is intended to be self-contained to a large extent. As the methodology is applicable also outside the actuarial field, it is presented in a general setting, but actuarial applications are used for motivation. The book is divided into two parts. Part I is devoted to univariate distributions, whereas in Part II, the methodology is extended to multivariate settings. Primarily intended as a monograph, this book can also be used as text for courses on the graduate level. Suggested outlines for such courses are given. The book is of interest for actuaries and statisticians working within the insurance and finance industry, as well as for people in other fields like operations research and reliability theory.

Download or read book Bonus Malus Systems in Automobile Insurance written by Jean Lemaire and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most insurers around the world have introduced some form of merit-rating in automobile third party liability insurance. Such systems, penalizing at-fault accidents by premium surcharges and rewarding claim-free years by discounts, are called bonus-malus systems (BMS) in Europe and Asia. With the current deregulation trends that concern most insurance markets around the world, many companies will need to develop their own BMS. The main objective of the book is to provide them models to design BMS that meet their objectives. Part I of the book contains an overall presentation of the pros and cons of merit-rating, a case study and a review of the different probability distributions that can be used to model the number of claims in an automobile portfolio. In Part II, 30 systems from 22 different countries, are evaluated and ranked according to their `toughness' towards policyholders. Four tools are created to evaluate that toughness and provide a tentative classification of all systems. Then, factor analysis is used to aggregate and summarize the data, and provide a final ranking of all systems. Part III is an up-to-date review of all the probability models that have been proposed for the design of an optimal BMS. The application of these models would enable the reader to devise the system that is ideally suited to the behavior of the policyholders of his own insurance company. Finally, Part IV analyses an alternative to BMS; the introduction of a policy with a deductible.

Download or read book Comtes rendus written by and published by . This book was released on 1960 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transactions written by and published by . This book was released on 1964 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Publications written by and published by . This book was released on 1968 with total page 1150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes documents, translations, proceedings, reports, papers.

Download or read book Mixed Poisson Processes written by J Grandell and published by CRC Press. This book was released on 2020-10-29 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: To date, Mixed Poisson processes have been studied by scientists primarily interested in either insurance mathematics or point processes. Work in one area has often been carried out without knowledge of the other area. Mixed Poisson Processes is the first book to combine and concentrate on these two themes, and to distinguish between the notions of distributions and processes. The first part of the text gives special emphasis to the estimation of the underlying intensity, thinning, infinite divisibility, and reliability properties. The second part is, to a greater extent, based on Lundberg's thesis.

Download or read book ASTIN Bulletin written by and published by . This book was released on 1988 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Scandinavian actuarial journal written by and published by . This book was released on 1968 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes section "Litteraturanmeldelser."

Download or read book Actes de la Session written by International Statistical Institute and published by . This book was released on 1963 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stochastic Theory of a Risk Business written by Hilary L. Seal and published by New York : Wiley. This book was released on 1969 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bulletin de L Institut International de Statistique written by and published by . This book was released on 1964 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The State of the Art of Traffic Safety written by Arthur D. Little, Inc and published by Greenwood. This book was released on 1970 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proceedings of the Casualty Actuarial Society written by Casualty Actuarial Society and published by . This book was released on 1963 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of members for the years 1914-20 are included in v. 1-7, after which they are continued in the Year book of the society, begun in 1922.

Download or read book Handbook of the Poisson Distribution written by Frank A. Haight and published by . This book was released on 1967 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Thesaurus of Univariate Discrete Probability Distributions written by Gejza Wimmer and published by . This book was released on 1999 with total page 878 pages. Available in PDF, EPUB and Kindle. Book excerpt: