Skip to content
Register Sign in Wishlist

Computation and Modelling in Insurance and Finance

£96.99

Part of International Series on Actuarial Science

  • Date Published: April 2014
  • availability: Available
  • format: Hardback
  • isbn: 9780521830485

£ 96.99
Hardback

Add to cart Add to wishlist

Other available formats:
eBook


Looking for an inspection copy?

This title is not currently available on inspection

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • Focusing on what actuaries need in practice, this introductory account provides readers with essential tools for handling complex problems and explains how simulation models can be created, used and re-used (with modifications) in related situations. The book begins by outlining the basic tools of modelling and simulation, including a discussion of the Monte Carlo method and its use. Part II deals with general insurance and Part III with life insurance and financial risk. Algorithms that can be implemented on any programming platform are spread throughout and a program library written in R is included. Numerous figures and experiments with R-code illustrate the text. The author's non-technical approach is ideal for graduate students, the only prerequisites being introductory courses in calculus and linear algebra, probability and statistics. The book will also be of value to actuaries and other analysts in the industry looking to update their skills.

    • Covers the main stochastic models in insurance and finance
    • Explains Monte Carlo techniques and how simulation models are built
    • Includes a program library in R
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: April 2014
    • format: Hardback
    • isbn: 9780521830485
    • length: 712 pages
    • dimensions: 251 x 178 x 34 mm
    • weight: 1.53kg
    • contains: 80 b/w illus. 45 tables 550 exercises
    • availability: Available
  • Table of Contents

    1. Introduction
    Part I. Tools for Risk Analysis:
    2. Getting started the Monte Carlo way
    3. Evaluating risk: a primer
    4. Monte Carlo II: improving technique
    5. Modelling I: linear dependence
    6. Modelling II: conditional and non-linear
    7. Historical estimation and error
    Part II. General Insurance:
    8. Modelling claim frequency
    9. Modelling claim size
    10. Solvency and pricing
    11. Liabilities over long terms
    Part III. Life Insurance and Financial Risk:
    12. Life and state-dependent insurance
    13. Stochastic asset models
    14. Financial derivatives
    15. Integrating risk of different origin
    Appendix A. Random variables: principal tools
    Appendix B. Linear algebra and stochastic vectors
    Appendix C. Numerical algorithms: a third tool
    References
    Index.

  • Resources for

    Computation and Modelling in Insurance and Finance

    Erik Bølviken

    Find resources associated with this title

    Type Name Unlocked * Format Size

    Showing of

    Back to top

    This title is supported by one or more locked resources. Access to locked resources is granted exclusively by Cambridge University Press to lecturers whose faculty status has been verified. To gain access to locked resources, lecturers should sign in to or register for a Cambridge user account.

    Please use locked resources responsibly and exercise your professional discretion when choosing how you share these materials with your students. Other lecturers may wish to use locked resources for assessment purposes and their usefulness is undermined when the source files (for example, solution manuals or test banks) are shared online or via social networks.

    Supplementary resources are subject to copyright. Lecturers are permitted to view, print or download these resources for use in their teaching, but may not change them or use them for commercial gain.

    If you are having problems accessing these resources please contact lecturers@cambridge.org.

  • Author

    Erik Bølviken, Universitetet i Oslo
    Erik Bølviken, with broad experience as an applied statistician, holds the Chair of Actuarial Science at the University of Oslo and was for many years a partner in Gabler and Partners, Oslo.

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email lecturers@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.

Cancel

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×