Insurance Risk and Ruin (International Series on Actuarial Science)

Insurance Risk and Ruin (International Series on Actuarial Science)

By: David C. M. Dickson (author), Mark Davis (series_editor), Ragnar Norberg (series_editor), H. Panjer (series_editor), Andrew Wilson (series_editor), John McCutcheon (series_editor), John Hylands (series_editor)Hardback

1 - 2 weeks availability

£61.74 RRP £64.99  You save £3.25 (5%) With FREE Saver Delivery


Based on the author's experience of teaching final-year actuarial students in Britain and Australia, and suitable for a first course in insurance risk theory, this book focuses on the two major areas of risk theory - aggregate claims distributions and ruin theory. For aggregate claims distributions, detailed descriptions are given of recursive techniques that can be used in the individual and collective risk models. For the collective model, different classes of counting distribution are discussed, and recursion schemes for probability functions and moments presented. For the individual model, the three most commonly applied techniques are discussed and illustrated. Care has been taken to make the book accessible to readers who have a solid understanding of the basic tools of probability theory. Numerous worked examples are included in the text and each chapter concludes with exercises, which have answers in the book and full solutions available for instructors from

Create a review

About Author

David C. M. Dickson is a Professor in Actuarial Studies in the Department of Economics at the University of Melbourne. He is also Adjunct Professor in the Department of Statistics and Actuarial Science at the University of Waterloo.


Preface; 1. Probability distributions and insurance applications; 2. Utility theory; 3. Principles of premium calculation; 4. The collective risk model; 5. The individual risk model; 6. Introduction to ruin theory; 7. Classical ruin theory; 8. Advanced ruin theory; 9. Reinsurance; References; Solutions to exercises; Index.

Product Details

  • publication date: 10/01/2005
  • ISBN13: 9780521846400
  • Format: Hardback
  • Number Of Pages: 242
  • ID: 9780521846400
  • weight: 530
  • ISBN10: 0521846404

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly