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Nonlife Actuarial Models Theory, Methods and Evaluation

Authors

Yiu-Kuen Tse
, Singapore Management University
Published 2023

Description

Actuaries must pass exams, but more than that: they must put knowledge into practice. This coherent book supports the Society of Actuaries' short-term actuarial mathematics syllabus while emphasizing the concepts and practical application of nonlife actuarial models. A class-tested textbook for undergraduate courses in actuarial science, it is also ideal for those approaching their professional exams. Key topics covered include loss modelling, risk and ruin theory, credibility theory and applications, and empirical implementation of loss models. Revised and updated to…

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Key features

  • Supports students sitting exams with the Society of Actuaries (Short Term Actuarial Mathematics – STAM, FAM and ASTAM), the Casualty Actuarial Society (MAS-I and MAS-II) and the Institute and Faculty of Actuaries (for some topics in CS1, CS2 and SP7)
  • Assumes only an introductory undergraduate level understanding of statistical inference and probability
  • Contains numerous illustrative examples to enhance understanding and facilitate self-study
  • Features over 300 exercises, including some adapted from past exam questions
  • Teaching slides and all the R code examples are available online, as are the Excel computation notes featured in the first edition. A solutions manual is available to instructors on request

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