Risk Modelling in General Insurance
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Table of Contents

Preface; 1. Introduction; 2. Models for claim numbers and claim sizes; 3. Short term risk models; 4. Model based pricing – setting premiums; 5. Risk sharing – reinsurance and deductibles; 6. Ruin theory for the classical risk model; 7. Case studies; 8. Appendix: utility theory; Answers to exercises; Index.

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A wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.

About the Author

Roger J. Gray was a Senior Lecturer in the School of Mathematical and Computer Sciences at Heriot-Watt University, Edinburgh until his death in 2011. Susan M. Pitts is a Senior Lecturer in the Statistical Laboratory at the University of Cambridge.

Reviews

"A key feature is the inclusion of three detailed case studies that bring together a number of concepts and applications from different parts of the book and illustrate how they are used in practice." -Mathematical reviews

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