Loss models : (Record no. 4615)

000 -LEADER
fixed length control field 06938cam a2200433 a 4500
001 - CONTROL NUMBER
EWU control number 4615
003 - CONTROL NUMBER IDENTIFIER
control field BD-DhEWU
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20180124130009.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 160609s2012 njua g b 001 0 eng d
010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2012010998
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781118315323
International Standard Book Number 1118315324
035 ## - SYSTEM CONTROL NUMBER
OCLC control number (OCLC)820466520
040 ## - CATALOGING SOURCE
Original cataloging agency DLC
Transcribing agency DLC
Modifying agency DLC
-- BD-DhEWU
Language of cataloging eng
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HG8781
Item number .K583 2012
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 368.012
DDC edition 23
Author mark and Year KLL 2012
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Klugman, Stuart A.,
Dates associated with a name 1949-
9 (RLIN) 20287
245 10 - TITLE STATEMENT
Title Loss models :
Remainder of title from data to decisions /
Statement of responsibility, etc Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot.
250 ## - EDITION STATEMENT
Edition statement 4th ed.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Hoboken, N.J. :
Name of publisher, distributor, etc Wiley,
Date of publication, distribution, etc c2012.
300 ## - PHYSICAL DESCRIPTION
Extent xiv, 512 p. :
Other physical details ill. ;
Dimensions 26 cm.
490 0# - SERIES STATEMENT
Series statement Wiley series in probability and statistics
500 ## - GENERAL NOTE
General note "Society of Actuaries."
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references (p. 501-506) and index.
505 ## - FORMATTED CONTENTS NOTE
Title Table of contents
Contents note Preface xiii PART I INTRODUCTION 1 Modeling 3 1.1 The model-based approach 3 1.2 Organization of this book 5 2 Random variables 7 2.1 Introduction 7 2.2 Key functions and four models 9 3 Basic distributional quantities 19 3.1 Moments 19 3.2 Percentiles 27 3.3 Generating functions and sums of random variables 29 3.4 Tails of distributions 31 3.5 Measures of Risk 38 PART II ACTUARIAL MODELS 4 Characteristics of Actuarial Models 49 4.1 Introduction 49 4.2 The role of parameters 49 5 Continuous models 59 5.1 Introduction 59 5.2 Creating new distributions 59 5.3 Selected distributions and their relationships 72 5.4 The linear exponential family 75 6 Discrete distributions 79 6.1 Introduction 79 6.2 The Poisson distribution 80 6.3 The negative binomial distribution 83 6.4 The binomial distribution 85 6.5 The (a, b, 0) class 86 6.6 Truncation and modification at zero 89 7 Advanced discrete distributions 95 7.1 Compound frequency distributions 95 7.2 Further properties of the compound Poisson class 101 7.3 Mixed frequency distributions 107 7.4 Effect of exposure on frequency 114 7.5 An inventory of discrete distributions 114 8 Frequency and severity with coverage modifications 117 8.1 Introduction 117 8.2 Deductibles 117 8.3 The loss elimination ratio and the effect of inflation for ordinary deductibles 122 8.4 Policy limits 125 8.5 Coinsurance, deductibles, and limits 127 8.6 The impact of deductibles on claim frequency 131 9 Aggregate loss models 137 9.1 Introduction 137 9.2 Model choices 140 9.3 The compound model for aggregate claims 141 9.4 Analytic results 155 9.5 Computing the aggregate claims distribution 159 9.6 The recursive method 161 9.7 The impact of individual policy modifications on aggregate payments 173 9.8 The individual risk model 176 PART III CONSTRUCTION OF EMPIRICAL MODELS 10 Review of mathematical statistics 187 10.1 Introduction 187 10.2 Point estimation 188 10.3 Interval estimation 196 10.4 Tests of hypotheses 198 11 Estimation for complete data 203 11.1 Introduction 203 11.2 The empirical distribution for complete, individual data 207 11.3 Empirical distributions for grouped data 211 12 Estimation for modified data 217 12.1 Point estimation 217 12.2 Means, variances, and interval estimation 225 12.3 Kernel density models 236 12.4 Approximations for large data sets 240 PART IV PARAMETRIC STATISTICAL METHODS 13 Frequentist estimation 253 13.1 Method of moments and percentile matching 253 13.2 Maximum likelihood estimation 259 13.3 Variance and interval estimation 272 13.4 Non-normal confidence intervals 280 13.5 Maximum likelihood estimation of decrement probabilities 282 14 Frequentist Estimation for discrete distributions 285 14.1 Poisson 285 14.2 Negative binomial 289 14.3 Binomial 291 14.4 The (a, b, 1) class 293 14.5 Compound models 297 14.6 Effect of exposure on maximum likelihood estimation 299 14.7 Exercises 300 15 Bayesian estimation 305 15.1 Definitions and Bayes theorem 305 15.2 Inference and prediction 309 15.3 Conjugate prior distributions and the linear exponential family 320 15.4 Computational issues 322 16 Model selection 323 16.1 Introduction 323 16.2 Representations of the data and model 324 16.3 Graphical comparison of the density and distribution functions 325 16.4 Hypothesis tests 330 16.5 Selecting a model 342 PART V CREDIBILITY 17 Introduction and Limited Fluctuation Credibility 357 17.1 Introduction 357 17.2 Limited fluctuation credibility theory 359 17.3 Full credibility 360 17.4 Partial credibility 363 17.5 Problems with the approach 366 17.6 Notes and References 367 17.7 Exercises 367 18 Greatest accuracy credibility 371 18.1 Introduction 371 18.2 Conditional distributions and expectation 373 18.3 The Bayesian methodology 377 18.4 The credibility premium 385 18.5 The Buhlmann model 388 18.6 The Buhlmann-Straub model 392 18.7 Exact credibility 397 18.8 Notes and References 401 18.9 Exercises 402 19 Empirical Bayes parameter estimation 415 19.1 Introduction 415 19.2 Nonparametric estimation 418 19.3 Semiparametric estimation 428 19.4 Notes and References 430 19.5 Exercises 430 PART VI SIMULATION 20 Simulation 437 20.1 Basics of simulation 437 20.2 Simulation for specific distributions 442 20.3 Determining the sample size 448 20.4 Examples of simulation in actuarial modeling 450 Appendix A: An inventory of continuous distributions 459 A.1 Introduction 459 A.2 Transformed beta family 463 A.3 Transformed gamma family 467 A.4 Distributions for large losses 470 A.5 Other distributions 471 A.6 Distributions with finite support 473 Appendix B: An inventory of discrete distributions 475 B.1 Introduction 475 B.2 The (a, b, 0) class 476 B.3 The (a, b, 1) class 477 B.4 The compound class 480 B.5 A hierarchy of discrete distributions 482 Appendix C: Frequency and severity relationships 483 Appendix D: The recursive formula 485 Appendix E: Discretization of the severity distribution 487 E.1 The method of rounding 487 E.2 Mean preserving 488 E.3 Undiscretization of a discretized distribution 488 Appendix F: Numerical optimization and solution of systems of equations 491 F.1 Maximization using Solver 491 F.2 The simplex method 495 F.3 Using Excel(R) to solve equations 496 References 501
520 ## - SUMMARY, ETC.
Summary, etc Thoroughly revised and updated with essential material related to the C/4 actuarial exam, this invaluable new edition maintains an approach to modeling and forecasting utilizing tools related to risk theory, loss distributions, and survival models.
526 ## - STUDY PROGRAM INFORMATION NOTE
Program name Applied Statistics
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name Insurance
General subdivision Statistical methods.
9 (RLIN) 2753
Topical term or geographic name Insurance
General subdivision Mathematical models.
9 (RLIN) 20278
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Panjer, Harry H.
9 (RLIN) 20288
Personal name Willmot, Gordon E.,
Dates associated with a name 1957-
9 (RLIN) 20289
856 42 - ELECTRONIC LOCATION AND ACCESS
Materials Specified WorldCat details
Uniform Resource Identifier http://www.worldcat.org/title/loss-models-from-data-to-decisions-student-solutions-manual/oclc/820466520&referer=brief_results
Materials Specified E-book Fulltext
Uniform Resource Identifier http://lib.ewubd.edu/ebook/4615
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme
Koha item type Text
Holdings
Lost status Source of classification or shelving scheme Not for loan Collection code Permanent Location Current Location Shelving location Date of accession Source of acquisition Cost, normal purchase price Total Checkouts Full call number Barcode Date last seen Date checked out Copy number Price effective from Koha item type
    Not For Loan Non-fiction EWU Library EWU Library Reserve Section 2016-05-12 Karim International 9900.00 1 368.012 KLL 2012 27378 2017-01-22 2016-12-21 C-1 2016-06-09 Text
      Non-fiction EWU Library EWU Library Circulation Section 0000-00-00 Bangaldesh Photostat 1156.00   368.012 KLL 2012 28153 2017-02-06   C-2 2017-02-06 Text
      Non-fiction EWU Library EWU Library E-book 2018-01-09       368.012 KLL 2012   2018-01-09     2018-01-09 E-Book

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