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Stochastic Processes for Insurance and Finance : Wiley Series in Probability and Statistics - Tomasz Rolski

Stochastic Processes for Insurance and Finance

Wiley Series in Probability and Statistics

Hardcover Published: 12th March 1999
ISBN: 9780471959250
Number Of Pages: 680

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<i>Stochastic Processes for Insurance and Finance</i> offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes. <p> Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address: <ul> <li>The principal concepts from insurance and finance <li>Practical examples with real life data <li>Numerical and algorithmic procedures essential for modern insurance practices </ul> <p> Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences. <p> <b>Wiley Series in Probability and Statistics</b>

Industry Reviews

..."an excellent text..."
-- Australian & New Zealand Journal of Statistics

Table of Contents:
Concepts from Insurance and Finance.
Probability Distributions.
Premiums and Ordering of Risks.
Distributions of Aggregate Claim Amount.
Risk Processes.
Renewal Processes and Random Walks.
Markov Chains.
Continuous-Time Markov Models.
Martingale Techniques I.
Martingale Techniques II.
Piecewise Deterministic Markov Processes.
Point Processes.
Diffusion Models.
Distribution Tables.
References.

Index.

ISBN: 9780471959250
ISBN-10: 0471959251
Series: Wiley Series in Probability and Statistics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 680
Published: 12th March 1999
Country of Publication: GB
Dimensions (cm): 23.1 x 15.75  x 4.21
Weight (kg): 1.15
Edition Number: 1

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