1st Edition

Actuarial Loss Models A Concise Introduction

By Guojun Gan Copyright 2025
232 Pages 21 B/W Illustrations
by Chapman & Hall

232 Pages 21 B/W Illustrations
by Chapman & Hall

Actuarial loss models are statistical models used by insurance companies to estimate the frequency and severity of future losses, set premiums, and reserve funds to cover potential claims. Actuarial loss models are a subject in actuarial mathematics that focus on the pricing and reserving for short-term coverages. This is a concise textbook written for undergraduate students majoring in... Read more

Preface

1. Probability Theory

2. Frequency Models

3. Severity Models

4. Aggregate Loss Models

5. Coverage Modifications

6. Model Estimation

7. Model Selection

8. Credibility Models

9. Risk Measures

A. Useful Results from Calculus

B. Special Functions

C. Normal Distribution Table

D. R Code

E. Solutions to Selected Exercises

Bibliography

List of Symbols

Index

Biography

Guojun Gan is an Associate Professor in the Department of Mathematics at the University of Connecticut, Storrs, Connecticut, USA. He received a BS degree from Jilin University, Changchun, China, in 2001 and MS and PhD degrees from York University, Toronto, Canada, in 2003 and 2007, respectively.  His research interests are in the interdisciplinary areas of actuarial science and data science.