(0) items

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Computation and Modelling in Insurance and Finance,9780521830485
This item qualifies for

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.

Computation and Modelling in Insurance and Finance



Pub. Date:
Cambridge University Press
List Price: $130.00

Buy New Textbook

Special Order: 1-2 Weeks



Rent Textbook

We're Sorry
Sold Out

Used Textbook

We're Sorry
Sold Out

More New and Used
from Private Sellers
Starting at $36.73

Questions About This Book?

What version or edition is this?
This is the edition with a publication date of 5/26/2014.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
  • The eBook copy of this book is not guaranteed to include any supplemental materials. Typically only the book itself is included.


The aim of this book is to introduce the basic skills for the application of actuarial methods in the computer age. Specifically, basic stochastic modeling (including finance and investment), problem solving through simulation, and how simulation techniques are implemented. This includes simple modifications for dealing with related (but different) problems, and combining programs for the description of complex processes. En route, the author describes the genesis and interpretation of the underlying models, how they are fitted to historical data, and how they are simulated. The book assumes only basic background in calculus, linear algebraic and probability, as well as some programming skills, so it will appeal to students of actuarial science, as well as to others interested in learning how modern computing power can be utilized for analysing risk in insurance and finance.

Table of Contents

1. Introduction; Part I. Foundations: 2. Introducing probability; 3 .Stochastic dependence; 4 .Introducing Monte Carlo; 5. Error in risk evaluation; Part II. General Insurance: 6.Modeling claim frequency; 7. Modeling claim size; 8. Using the machinery; 9. Problem solving I; Part III. Dealing with time: 10. Traditional life insurance; 11. Modelling financial risk; 12. Financial derivatives; 13. Problem solving II; 14. Concluding remarks; References; Index.

Please wait while the item is added to your cart...