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Loss Models

A guide that provides in-depth coverage of modeling techniques used throughout many branches of actuarial science, revised and updated Now in its fifth edition, Loss Models: From Data to Decisions puts the focus on material tested in the Society of Actuaries (SOA) newly revised Exams STAM (Short-Term Actuarial Mathematics) and LTAM (Long-Term Actuarial Mathematics). Updated to reflect these exam changes, this vital resource offers actuaries, and those aspiring to the profession, a practical approach to the concepts and techniques needed to succeed in the profession. The techniques are also valuable for anyone who uses loss data to build models for assessing risks of any kind. Loss Models contains a wealth of examples that highlight the real-world applications of the concepts presented, and puts the emphasis on calculations and spreadsheet implementation. With a focus on the loss process, the book reviews the essential quantitative techniques such as random variables, basic distributional quantities, and the recursive method, and discusses techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered. In addition, the authors offer practical advice for choosing an appropriate model. This important text: • Presents a revised and updated edition of the classic guide for actuaries that aligns with newly introduced Exams STAM and LTAM • Contains a wealth of exercises taken from previous exams • Includes fresh and additional content related to the material required by the Society of Actuaries (SOA) and the Canadian Institute of Actuaries (CIA) • Offers a solutions manual available for further insight, and all the data sets and supplemental material are posted on a companion site Written for students and aspiring actuaries who are preparing to take the SOA examinations, Loss Models offers an essential guide to the concepts and techniques of actuarial science.

School Life

Jump...and Your Life Will Appear

Are you ready to make changes in your life—but feel something is holding you back? Is your soul asking you to take a leap—but you’re too afraid to take it? Are you ready for something new—but aren’t sure where to start? If this sounds like you, the book you hold in your hands will give you the courage and faith you need to jump across the threshold from where you are—to where you want to be. Jump . . . and Your Life Will Appear is a step-by-step guide to clearing the path ahead so you can let go and make the change you need the most. With a series of effective exercises, coach and author Nancy Levin will walk you through your fear, usher you up to the moment of jumping, and help you navigate what awaits on the other side. Whether you want to switch careers, move to a different part of the world, set boundaries with someone in your life, or increase your capacity for self-love, Jump . . . and Your Life Will Appear will support you on a practical path from start to finish.