Revised, updated, and even more useful to students, teachers, and practicing professionals, The First Edition of "Loss Models" was deemed 'worthy of classical status' by the "Journal of the International Statistical Institute". While retaining its predecessor's thorough treatment of the concepts and methods of analyzing contingent events, this powerful Second Edition is updated and expanded to offer even more complete and flexible coverage of risk theory, loss distributions, and survival models. Beginning with a framework for model building and a description of frequency and severity loss data typically available, it shows readers how to combine frequency, severity, and loss models to build aggregate loss models and credibility-based pricing models, and how to analyze loss over multiple time periods.Important features of this new edition include: thorough preparation for relevant parts of preliminary examinations of the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS); exercises based on past SOA and CAS exams; examples using actual insurance data; practical treatment of modern credibility theory; data files and more from a ftp site "Loss Models, Second Edition" is an important resource, providing a comprehensive, practically motivated toolkit and an excellent reference, for actuaries preparing for SOA and CAS preliminary examinations, students in actuarial science who need to understand loss and risk models, and practicing professionals involved in loss modeling.
- ISBN10 0471215775
- ISBN13 9780471215776
- Publish Date 1 August 2004 (first published 29 January 1998)
- Publish Status Out of Stock
- Out of Print 9 October 2008
- Publish Country US
- Imprint John Wiley & Sons Inc
- Edition 2nd Revised edition
- Format Hardcover
- Pages 720
- Language English