{"product_id":"nonlife-actuarial-models-theory-methods-and-evaluation-hardback-9781009315074","title":"Nonlife Actuarial Models; Theory, Methods and Evaluation (Hardback) 9781009315074","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eNonlife Actuarial Models\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eTheory, Methods and Evaluation\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eAn updated edition of the invaluable textbook on the concepts and practical application of nonlife actuarial models.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eYiu-Kuen Tse (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009315074, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 25 May 2023\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e560 pages\u003cbr\u003e23.5 x 15.7 x 2.9 cm, 0.96 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'I taught a statistical modeling course with applications in Actuarial Science. I use this book because it strikes a fine balance for readers who are preparing for Exam C of the Society of Actuaries and for readers who want to pick up skills in statistical modeling. Professor Tse is commended for expertly packing and streamlining a lot of materials (theory, methods, and empirical implementation) of nonlife actuarial models into this book. A welcome change of the second edition is the adoption of R as the computation tool.' Kwok Pui Choi, National University of Singapore\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eActuaries must pass exams, but more than that: they must put knowledge into practice. This coherent book supports the Society of Actuaries' short-term actuarial mathematics syllabus while emphasizing the concepts and practical application of nonlife actuarial models. A class-tested textbook for undergraduate courses in actuarial science, it is also ideal for those approaching their professional exams. Key topics covered include loss modelling, risk and ruin theory, credibility theory and applications, and empirical implementation of loss models. Revised and updated to reflect curriculum changes, this second edition includes two brand new chapters on loss reserving and ratemaking. R replaces Excel as the computation tool used throughout – the featured R code is available on the book's webpage, as are lecture slides. Numerous examples and exercises are provided, with many questions adapted from past Society of Actuaries exams.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Notation and convention\u003cbr\u003e Part I. Loss Models: 1. Claim-frequency distribution\u003cbr\u003e 2. Claim-severity distribution\u003cbr\u003e 3. Aggregate-loss models\u003cbr\u003e Part II. Risk and Ruin: 4. Risk measures\u003cbr\u003e 5. Ruin theory\u003cbr\u003e Part III. Credibility: 6. Classical credibility\u003cbr\u003e 7. Bühlmann credibility\u003cbr\u003e 8. Bayesian approach\u003cbr\u003e 9. Empirical implementation of credibility\u003cbr\u003e Part IV. Model Construction and Evaluation: 10. Model estimation and types of data\u003cbr\u003e 11. Nonparametric model estimation\u003cbr\u003e 12. Parametric model estimation\u003cbr\u003e 13. Model evaluation and selection\u003cbr\u003e 14. Basic Monte Carlo methods\u003cbr\u003e 15. Applications of Monte Carlo methods\u003cbr\u003e Part V. Loss reserving and ratemaking: 16. Loss reserving\u003cbr\u003e 17. Ratemaking\u003cbr\u003e Appendix: review of statistics\u003cbr\u003e Answers 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: Mathematical modelling [\u003ca title=\"See our other books on Mathematical modelling\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematical%20modelling%20%5BPBWH%5D%22\"\u003ePBWH\u003c\/a\u003e], Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\u003c\/a\u003e], Insurance \u0026amp; actuarial studies [\u003ca title=\"See our other books on Insurance \u0026amp; actuarial studies\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Insurance%20\u0026amp;%20actuarial%20studies%20%5BKFFN%5D%22\"\u003eKFFN\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":46004410548504,"sku":"9781009315074","price":60.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781009315074i.jpg?v=1696791861","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/nonlife-actuarial-models-theory-methods-and-evaluation-hardback-9781009315074","provider":"Freshly Printed Books","version":"1.0","type":"link"}