Insurance has become a necessary aspect of modern society. The mathematical basis of insurance modeling is best expressed in terms of continuous time stochastic processes. This introductory text on actuarial risk theory deals with the Cramer-Lundberg model and the renewal risk model. Their basic structure and properties, including the renewal theorems as well as the corresponding ruin problems, are studied. There is a detailed discussion of heavy tailed distributions, which have become increasingly relevant. The Lundberg risk process with investment in risky asset is also considered. This book will be useful to practitioners in the field and to graduate students interested in this important branch of applied probability.
| ISBN: | 9788185931937 |
| Publication date: | 30th April 2009 |
| Author: | S Ramasubramanian |
| Publisher: | Hindustan Book Agency |
| Format: | Hardback |
| Pagination: | 206 pages |
| Series: | Texts and Readings in Mathematics |
| Genres: |
Probability and statistics Applied mathematics |
Insurance has become a necessary aspect of modern society. The mathematical basis of insurance modeling is best expressed in terms of continuous time stochastic processes. This introductory text on actuarial risk theory deals with the Cramer-Lundberg model and the renewal risk model. Their basic structure and properties, including the renewal theorems as well as the corresponding ruin problems, are studied. There is a detailed discussion of heavy tailed distributions, which have become increasingly relevant. The Lundberg risk process with investment in risky asset is also considered. This book will be useful to practitioners in the field and to graduate students interested in this important branch of applied probability.
Lectures on Insurance Models features in the following genres: Probability and statistics, Applied mathematics
Lectures on Insurance Models is available in Hardback
Lectures on Insurance Models was written by S Ramasubramanian and published by Hindustan Book Agency
Lectures on Insurance Models has 206 pages
Yes it is part of Texts and Readings in Mathematics series