Title
Loss Models: From Data To Decisions (Wiley Series In Probability And Statistics)-new
Delivery time: 8-12 business days (International)
A Modern Practical Guide To Building And Using Actuarial Models.Loss Models: From Data To Decisions Is Organized Around The Principle That Actuaries Build Models In Order To Analyze Risks And Make Decisions About Managing The Risks Based On Conclusions Drawn From The Analysis. In Practice, One Begins With Data And Ends With A Business Decision. The Book Flows Logically From This Principle. It Begins With A Framework For Model Building And A Description Of Frequency And Severity Loss Data Typically Available To Actuaries. Parametric Models Are Emphasized Throughout.The Frequency And Severity Models Are Used In Building Aggregate Loss Models, In Credibilitybased Pricing Models, And In Loss Analysis Over Multiple Time Periods.Designed As Both An Educational Text As Well As A Professional Reference, Loss Models: Assumes Little Prior Knowledge Of Insurance Systems Features Many Fascinating Examples Taken From Insurance Files Contains A Major Instructive Case Study Continued Through Each Chapter Covers The Classical Areas Of Risk Theory And Loss Distributions Gives A Practical But Rigorous Treatment Of Modern Credibility Theory Uses Standard Statistical Concepts, Methods, And Notation Provides Modern Computational Algorithms For Implementing Methods Includes Free Companion Software Available From An Ftp Site Deals With Many Topics On Cas 4B And Soa 151 And 152 Actuarial Exams Includes Many Exercises Based On Past Cas And Soa Exams.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main focus of 'Loss Models: From Data to Decisions'? A: The book focuses on building and using actuarial models to analyze risks and make informed business decisions based on data.
- Q: Who is the author of this book? A: The author of 'Loss Models: From Data to Decisions' is Stuart A. Klugman.
- Q: Is prior knowledge of insurance systems required to understand this book? A: No, the book assumes little prior knowledge of insurance systems, making it accessible to a broad audience.
- Q: What type of binding does this book have? A: The book is available in a hardcover binding.
- Q: How many pages does 'Loss Models: From Data to Decisions' contain? A: This book contains 672 pages.
- Q: What is the publication date of 'Loss Models: From Data to Decisions'? A: The book was published on January 29, 1998.
- Q: Does the book provide exercises to practice concepts? A: Yes, it includes many exercises based on past CAS and SOA exams to reinforce learning.
- Q: What are the main topics covered in 'Loss Models: From Data to Decisions'? A: The book covers classical areas of risk theory, loss distributions, and modern credibility theory among other topics.
- Q: Does this book include any software for practical implementation? A: Yes, it includes free companion software available from an FTP site for practical implementation of the methods discussed.
- Q: Is 'Loss Models: From Data to Decisions' suitable for both students and professionals? A: Yes, it is designed as both an educational text for students and a professional reference for practitioners.