{"product_id":"insurance-risk-and-ruin-hardback-9781107154605","title":"Insurance Risk and Ruin (Hardback) 9781107154605","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInsurance Risk and Ruin\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eBalancing rigor and intuition, the new edition of this first course in risk theory has added exercises and expands on contemporary topics.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eDavid C. M. Dickson (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107154605, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 27 October 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e304 pages, 30 b\/w illus.  18 tables\u003cbr\u003e23.5 x 15.7 x 1.8 cm, 0.62 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. Probability distributions and insurance applications\u003cbr\u003e 2. Utility theory\u003cbr\u003e 3. Principles of premium calculation\u003cbr\u003e 4. The collective risk model\u003cbr\u003e 5. The individual risk model\u003cbr\u003e 6. Introduction to ruin theory\u003cbr\u003e 7. Classical ruin theory\u003cbr\u003e 8. Advanced ruin theory\u003cbr\u003e 9. Reinsurance\u003cbr\u003e Appendix\u003cbr\u003e Solutions to exercises\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e], Economic statistics [\u003ca title=\"See our other books on Economic statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20statistics%20%5BKCHS%5D%22\"\u003eKCHS\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46002843451672,"sku":"9781107154605","price":47.59,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107154605i_41d1011f-f84c-4b2d-9d25-f20e7aa9a35e.jpg?v=1691362329","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/insurance-risk-and-ruin-hardback-9781107154605","provider":"Freshly Printed Books","version":"1.0","type":"link"}