1.

Record Nr.

UNINA9910632470503321

Autore

Wüthrich Mario V

Titolo

Statistical Foundations of Actuarial Learning and its Applications / / by Mario V. Wüthrich, Michael Merz

Pubbl/distr/stampa

Cham, : Springer Nature, 2023

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2023

ISBN

3-031-12409-X

Edizione

[1st ed. 2023.]

Descrizione fisica

1 online resource (XII, 605 p. 1 illus.)

Collana

Springer Actuarial, , 2523-3270

Disciplina

368.01

Soggetti

Actuarial science

Statistics

Machine learning

Artificial intelligence—Data processing

Social sciences—Mathematics

Actuarial Mathematics

Statistics in Business, Management, Economics, Finance, Insurance

Machine Learning

Data Science

Mathematics in Business, Economics and Finance

Assegurances

Estadística

Llibres electrònics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

This open access book discusses the statistical modeling of insurance problems, a process which comprises data collection, data analysis and statistical model building to forecast insured events that may happen in the future. It presents the mathematical foundations behind these fundamental statistical concepts and how they can be applied in daily actuarial practice. Statistical modeling has a wide range of applications, and, depending on the application, the theoretical aspects may be



weighted differently: here the main focus is on prediction rather than explanation. Starting with a presentation of state-of-the-art actuarial models, such as generalized linear models, the book then dives into modern machine learning tools such as neural networks and text recognition to improve predictive modeling with complex features. Providing practitioners with detailed guidance on how to apply machine learning methods to real-world data sets, and how to interpret the results without losing sight of the mathematical assumptions on which these methods are based, the book can serve as a modern basis for an actuarial education syllabus.