Loss Models, Solutions Manual: From Data to Decisions (Wiley Series in Probability and Statistics) (Paperback)

~ Stuart A. Klugman (Author), Harry H. Panjer (Author), Gordon E. Willmot (Author)
Key Phrases: loss elimination ratio, compound geometric mean, mean residual life, Second Edition, Loss Models, Solutions Manual (more...)

Editorial Reviews

Product Description

Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events. It provides over 400 exercises that have appeared on previous SOA and CAS examinations, as well as Intriguing examples from the fields of insurance and business.

Features of the Third Edition include: 

• Extended discussion of risk management and risk measures, including Tail-Value-at-Risk
• Maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models
• Expanded coverage of copula models and their estimation
• New sections on extreme value distributions and their estimations
• All data sets are available on the book’s FTP site

 Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examination. It is a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work.

To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep .

Product Details

• Paperback: 336 pages
• Publisher: Wiley-Interscience; 3 edition (August 25, 2008)
• Language: English
• ISBN-10: 0470385715
• ISBN-13: 978-0470385715
• Product Dimensions: 9.2 x 6.1 x 0.8 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #259,100 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars A detailed solutions manual to accompany an excellent text, March 24, 2008

By	Genevieve Hayes (Australia) - See all my reviews (REAL NAME)

This review is from: Loss Models, Solutions Manual: From Data to Decisions (Wiley Series in Probability and Statistics) (Paperback)

"Loss Models from Data to Decisions" is an excellent text book with a large number of exam level exercises (many based on past SOA and CAS exam questions). The only bad thing about this text is that solutions are not provided to these exercises. This situation is remedied by this book, which provides detailed solutions to these exercises. Although this book is cheaply presented, as far as I am aware, this book is complete and I haven't found any mistakes in the solutions yet. This is an essential companion to the original text and I highly recommend it to any students studying from this text.

Please note that this book is just a solutions manual and the exercises are not repeated in this book. To obtain the exercises it is necessary to buy "Loss Models from Data to Decisions".

4.0 out of 5 stars very clear, October 21, 2007

By	Optimo - See all my reviews

This review is from: Loss Models, Solutions Manual: From Data to Decisions (Wiley Series in Probability and Statistics) (Paperback)

Solutions very clear and complete. the book provides an excellent reference for problem solving and for any person who needs guidance to solving the harder aspects of the problems.