Loss Models: From Data to Decisions (+ ExamPrep Set), 3rd edition

Dublin - Research and Markets (http://www.researchandmarkets.com/research/b69ee1/loss_models_from) has announced the addition of John Wiley and Sons Ltd's new report "Loss Models: From Data to Decisions (+ ExamPrep Set), 3rd Edition" to their offering.

This set includes the textbook, Loss Models: From Data to Decisions, Third Edition and the ExamPrep for Loss Models: From Data to Decisions, Online, 3rd Edition

ExamPrep (Online) for Loss Models: From Data to Decisions, Third Edition

eKlugman ExamPrep provides an interactive method for working most of the exercises in Loss Models including, as well as providing, hints and step-by-step solutions. Many of the questions have a feature that makes random changes so that the same question can be worked more than once. The questions cover simulations, log normal distributions, aggregate loss models and operational risks, among a host of other actuarial topics. eKlugman ExamPrep also includes multiple forms of simulated exams with questions specially written for exam C/4 practice. The product features a built-in record keeping system in order to reinforce further practice and promote customization of study skills. This online product presents useful tips in understanding the test material, and it aids users in achieving specific exam goals. The material is a 'must have' for all aspiring and practicing actuaries who desire a fast and efficient alternative to using the traditional coursebook approach. Price includes 6-month access/subscription. Once purchased, the product is nonreturnable.

Loss Models: From Data to Decisions, 3rd Edition

Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), and Canadian Institute of Actuaries (CIA) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events.

This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model.

Features of the Third Edition include:

- Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR)

- New sections on extreme value distributions and their estimation

- Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes

- Expanded coverage of copula models and their estimation

- Additional treatment of methods for constructing confidence regions when there is more than one parameter.

The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA, CAS and CIA examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis.

Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA, CAS, and CIA preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work.