Free Shipping in Australia on over 5 million books in stock
Practical Risk Theory for Actuaries By C.D. Daykin

Practical Risk Theory for Actuaries

Used Price
$224.99
inc. GST
Free Shipping in Australia
A revised textbook covering all aspects of risk theory in a practical way. It follows on from the late R.E. Beard's book "Risk Theory" and should be of interest to actuarial students and practitioners working in the insurance industry as well as economists and applied statisticians.

Only 1 left


Practical Risk Theory for Actuaries Summary


Practical Risk Theory for Actuaries by C.D. Daykin

This classic textbook covers all aspects of risk theory in a practical way. It builds on from the late R.E. Beard's extremely popular book Risk Theory, but features more emphasis on simulation and modeling and on the use of risk theory as a practical tool. Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business. It has its roots in the classical theory of risk but introduces many new elements that are important in managing the insurance business but are usually ignored in the classical theory. The authors avoid overcomplicated mathematics and provide an abundance of diagrams.

Customer Reviews - Practical Risk Theory for Actuaries


Why buy from World of Books

Our excellent value books literally don't cost the earth
Free delivery in Australia
Read more here
Every used book bought is one saved from landfill

Practical Risk Theory for Actuaries Reviews


"I recommend this book to anybody who is really interested in extending their knowledge of the mathematical side of insurance. It is well presented and is filled with many practical examples which aid the reader in understanding the underlying processes."
-Dr. Stewart M. Coutts

"This book continues the tradition of cooperation between British and Finnish actuaries and scholars which led to several editions of Risk Theory by Beard et al. The title of the book and of the first part emphasize the practical aspects of risk theory. This goal is to a large extent reached by focusing on problems which occur in practice and by devoting time and efforts in explaining the more theoretical methods which are applied...as a handbook it seems to cover an unusually large number of interesting fields. The general impression of the book is very favorable: it introduces important concepts in a pedagogical manner, it presents a wide spectrum of ideas with modern references fro further study, and it is typographically attractive."
-Scandinavian Acturial Journal

"The book's content and intention are well expressed..."
-Journal of ASA

"...the book uses a very refreshing approach to its methodology...Its mixture of generality and specificity should also render it a model for OR textbooks."
-Journal of Operational Research

"The authors, eminent practitioners are contributing valuably to the education of their younger colleagues."
-The Statistician

Table of Contents


Content: Foundations of risk theory. Some preliminary ideas. The number of claims. The amount of claims. Calculation of a compound claim d.f.f. Simulation. Applications involving short-term claim fluctuation. Stochastic analysis of insurance business. Inflation. Investment. Claims with an extended time horizon. Premiums. Expenses, taxes, dividends. The insurance process. Applications to long-term processes. Managing uncertainty. Life insurance. Pension schemes. Appendices. Bibliography. Subject index. Author index.

Additional information

GOR005893694
Practical Risk Theory for Actuaries by C.D. Daykin
C.D. Daykin
Chapman & Hall/CRC Monographs on Statistics and Applied Probability
Used - Very Good
Hardback
Taylor & Francis Ltd
1993-12-01
576
0412428504
9780412428500
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.