Lectures on Insurance Models

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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 ...

Lectures on Insurance Models 2009, Hindustan Book Agency, New Delhi

ISBN-13: 9788185931937

Hardcover

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