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Stochastic Processes for Insurance and Finance (Hardcover: 680 pages)

Stochastic Processes for Insurance and Finance
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Product Details: Stochastic Processes for Insurance and Finance

Author:Volker Schmidt, Jozef Teugels, Josef Teugels, Hanspeter Schmidli
Editor:Tomasz Rolski
Format:Hardcover: 680 pages.
Publisher:John Wiley & Sons Inc (03/01/1999)
ISBN:0471959251
ISBN13:9780471959250
Reading Level:

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Publisher Notes: Stochastic Processes for Insurance and Finance

  • "Stochastic Processes for Insurance and Finance" offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes.

    Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address: The principal concepts from insurance and finance Practical examples with real life data Numerical and algorithmic procedures essential for modern insurance practices

    Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences.

    Wiley Series in Probability and Statistics

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