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Springer Cramer-Lundberg Model and Its Variants - Springer Actuarial

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Description

This comprehensive Springer Actuarial text provides an in-depth examination of the Cramer-Lundberg model, the foundational framework in ruin theory for insurance mathematics. The book delivers a systematic, self-contained analysis of surplus dynamics in insurance companies, exploring ruin probability and related measures across both the standard model and its key variants. Using clean transform-based techniques and connections to queueing models, it equips actuaries and finance professionals with the analytical tools needed to evaluate critical quantities in insurance risk assessment and company solvency planning.

Key Features

The Cramer-Lundberg model serves as the central focus, providing the most extensively researched foundation for understanding ruin theory in actuarial science.

Transform-based mathematical techniques enable precise calculation of ruin probabilities and related measures for comprehensive risk assessment.

Queueing model connections offer additional perspectives on insurance surplus dynamics and claim arrival processes.

Self-contained methodology allows readers to evaluate crucial quantities without requiring external supplementary resources or advanced prerequisites.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
28 November 2024
Listed Since
29 November 2024

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