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Written by three renowned
authorities in the actuarial field, Loss Models, Third Edition
upholds the reputation for excellence that has made this book required
reading for the Society of Actuaries (SOA) and Casualty Actuarial
Society (CAS) qualification examinations. This update serves as a
complete presentation of statistical methods for measuring risk and
building models to measure loss in real-world events.
maintains an approach to modeling and forecasting that utilizes tools
related to risk theory, loss distributions, and survival models. Random
variables, basic distributional quantities, the recursive method, and
techniques for classifying and creating distributions are also
discussed. Both parametric and non-parametric estimation methods are
thoroughly covered along with advice for choosing an appropriate model.
Features of the Third Edition include:
The book continues to distinguish itself by providing over 400
exercises that have appeared on previous SOA and CAS examinations.
Intriguing examples from the fields of insurance and business are
discussed throughout, and all data sets are available on the book's FTP
site, along with programs that assist with conducting loss model
Loss Models, Third Edition is an essential resource for
students and aspiring actuaries who are preparing to take the SOA and
CAS preliminary examinations. It is also a must-have reference for
professional actuaries, graduate students in the actuarial field, and
anyone who works with loss and risk models in their everyday work.
To explore our additional offerings in actuarial exam preparation
May 28, 2014Pretty readable for an actuarial exam textbook. There are even some funny parts.
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