Insurance Risk and Ruin by David C. M. Dickson
Publisher: Cambridge University Press | 2005 | ISBN: 0521846404 | 242 pages | PDF | 1,46 MB
"This is a nice introduction to some basic aspects of risk theory, with special emphasis on utility theory, recursive methods and ruin theory. The book is written in a style which is close to what a presentation in a classroom might be: it is narrative and moves ahead from definitions to results in a flow of mathematical arguments and accompanying explanations.The book greatly benefits from numerical illustrations, numerous examples and many exercises and their solutions. What I appreciate most is the way in which the author explains the different topics dealt with in this book." ISI Short Book Reviews
".this is a nice textbook, especially for students with a limited background in probability. In particular, it should be useful for students studying fro the professional examination.. I am not aware of any book on the same level in which ruin theory is treated so deeply. The numerous exercises allow for the application of theory immediately. For this reason, this book is also ideal for an applied course for students with only a basic introduction to probability."
Journal of the American Statistical Association
"A clear, concise and well written text-book on two daunting actuarial areas. The exposition is so clear that it feels like [the author is] talking to you. This is an excellent book equally suitable for self-study and classroom instruction. It is highly recommended as supplementary reading for students studying for their professional exams and as an overview of the latest developments in risk models, ruin theory and reinsurance for practitioners."
Seow Fan Chong, Annals of Actuarial Science
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