Stochastic Processes for Insurance and Finance

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Stochastic Processes for Insurance and Finance is written by Tomasz Rolski and published by John Wiley & Sons. It's available with International Standard Book Number or ISBN identification 0470317884 (ISBN 10) and 9780470317884 (ISBN 13).

Stochastic Processes for Insurance and Finance offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes. Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address: The principal concepts from insurance and finance Practical examples with real life data Numerical and algorithmic procedures essential for modern insurance practices Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences. Wiley Series in Probability and Statistics