Non-Life Insurance Mathematics: An Introduction with Stochastic Processes (Universitext)

Thomas Mikosch

ISBN 10: 3540406506 / ISBN 13: 9783540406501

Editore: Springer Verlag GmbH & Co. KG, 2003

Riguardo questo articolo

Softcover shows only light cover wear. Text is unmarked and binding tight. Ships FAST!

Codice articolo 2412140059

Dati bibliografici

• Titolo: Non-Life Insurance Mathematics: An Introduction with Stochastic Processes (Universitext)
• Editore: Springer Verlag GmbH & Co. KG
• Data di pubblicazione: 2003
• Lingua: Inglese
• ISBN 10: 3540406506
• ISBN 13: 9783540406501
• Rilegatura: paperback
• Edizione: seconda edizione
• Condizione: Very Good
• Peso: 16 once

Descrizione articolo

Riassunto

This book offers a mathematical introduction to non-life insurance and, at the same time, to a multitude of applied stochastic processes. It gives detailed discussions of the fundamental models for claim sizes, claim arrivals, the total claim amount, and their probabilistic properties. Throughout the book the language of stochastic processes is used for describing the dynamics of an insurance portfolio in claim size space and time. In addition to the standard actuarial notions, the reader learns about the basic models of modern non-life insurance mathematics: the Poisson, compound Poisson and renewal processes in collective risk theory and heterogeneity and Bühlmann models in experience rating. The reader gets to know how the underlying probabilistic structures allow one to determine premiums in a portfolio or in an individual policy. Special emphasis is given to the phenomena which are caused by large claims in these models. What makes this book special are more than 100 figures and tables illustrating and visualizing the theory. Every section ends with extensive exercises. They are an integral part of this course since they support the access to the theory.The book can serve either as a text for an undergraduate/graduate course on non-life insurance mathematics or applied stochastic processes. Its content is in agreement with the European "Groupe Consultatif" standards. An extensive bibliography, annotated by various comments sections with references to more advanced relevant literature, make the book broadly and easiliy accessible.

Recensione

From the reviews:

"The book offers a mathematical introduction to non-life insurance and, at the same time, to a multitude of applied stochastic processes. It gives detailed discussions of the fundamental models for claim sizes, claim arrivals, the total claim amount, and their probabilistic properties. ... The reader gets to know how the underlying probabilistic structures allow one to determine premiums in a portfolio or in an individual policy. Special emphasis is given to the phenomena which are caused by large claims in these models." (Zentralblatt für Didaktik der Mathematik, November, 2004)

"The author’s aim to bring some of the standard stochastic models of non-life insurance mathematics to the attention of a wide audience ... can definitely be reached by this textbook. It is well-written ... . Many figures and tables in this book help in illustrating and visualizing the developed theory. Moreover, every section ends with an extensive collection of exercises ... and should help the reader in accessing the theory." (Josef Steinebach, Zentralblatt MATH, Vol. 1033 (8), 2004)