read online Best Practical Risk Theory for Actuaries –

This classic textbook covers all aspects of risk theory in a practical way It builds on from the late RE Beard s extremely popular book Risk Theory, but features emphasis on simulation and modeling and on the use of risk theory as a practical tool Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business It has its roots in the classical theory of risk but introduces many new elements that are important in managing the insurance business but are usually ignored in the classical theory The authors avoid overcomplicated mathematics and provide an abundance of diagrams

1 thoughts on “Practical Risk Theory for Actuaries


    Even though it was published in 1994, I find it very useful, interesting and by far practical and readable than the standard text on the subject Loss Models, from data to decisions.