Loss models: From data to decisions. 3rd ed. (English) Zbl 1159.62070

Klugman, Stuart A.; Panjer, Harry H.; Willmot, Gordon E.

Wiley Series in Probability and Statistics. Hoboken, NJ: John Wiley & Sons (ISBN 978-0-470-18781-4/hbk). xix, 726 p. (2008).

[For the review of the first edition from 1998 see Zbl 0905.62104.]
Features of the third edition include: Extended discussion of risk management and risk measures, including tail-value-at-risk; Maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models; Expanded coverage of copula models and their estimation; New sections on extreme value distributions and their estimations. All data sets are available on the book’s FTP site.

MSC:

62P05	Applications of statistics to actuarial sciences and financial mathematics
62-01	Introductory exposition (textbooks, tutorial papers, etc.) pertaining to statistics
91B30	Risk theory, insurance (MSC2010)