Description
Book Synopsis: A guide that provides in-depth coverage of modeling techniques used throughout many branches of actuarial science, revised and updated. Now in its fifth edition, Loss Models: From Data to Decisions puts the focus on material tested in the Society of Actuaries (SOA) newly revised Exams STAM (Short-Term Actuarial Mathematics) and LTAM (Long-Term Actuarial Mathematics). Updated to reflect these exam changes, this vital resource offers actuaries, and those aspiring to the profession, a practical approach to the concepts and techniques needed to succeed in the profession. The techniques are also valuable for anyone who uses loss data to build models for assessing risks of any kind.
Loss Models contains a wealth of examples that highlight the real-world applications of the concepts presented, and puts the emphasis on calculations and spreadsheet implementation. With a focus on the loss process, the book reviews the essential quantitative techniques such as random variables, basic distributional quantities, and the recursive method, and discusses techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered. In addition, the authors offer practical advice for choosing an appropriate model. This important text:
- Presents a revised and updated edition of the classic guide for actuaries that aligns with newly introduced Exams STAM and LTAM
- Contains a wealth of exercises taken from previous exams
- Includes fresh and additional content related to the material required by the Society of Actuaries (SOA) and the Canadian Institute of Actuaries (CIA)
- Offers a solutions manual available for further insight, and all the data sets and supplemental material are posted on a companion site
Written for students and aspiring actuaries who are preparing to take the SOA examinations, Loss Models offers an essential guide to the concepts and techniques of actuarial science.
Details
Are you looking to excel in the field of actuarial science? Look no further than Loss Models: From Data to Decisions. This fifth edition textbook is a comprehensive guide that covers the modeling techniques essential for success on the SOA Exams STAM and LTAM. Packed with real-world examples and practical advice, this book is a must-have for aspiring actuaries and anyone working with loss data to assess risks.
Get ahead in your actuarial studies with Loss Models. With a focus on calculations and spreadsheet implementation, this book equips you with the quantitative techniques necessary to navigate the complexities of actuarial science. The updated content aligns with the latest exam requirements from the Society of Actuaries (SOA) and the Canadian Institute of Actuaries (CIA), ensuring you are well-prepared for success.
Don't miss out on the opportunity to deepen your understanding of actuarial concepts and techniques. Loss Models offers a solutions manual for further insight and exercises taken from previous exams to enhance your learning experience. Whether you are a student preparing for the SOA exams or an established actuary seeking to sharpen your skills, this textbook is an invaluable resource for advancing your career in the field.
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