ExamPrep (Online) Wrapper for Loss Models: From Data to Decisions

by Stuart A. Klugman

eKlugman ExamPrep is an exciting new online product designed to help actuaries improve their examination skills. eKlugman   ExamPrep  provides an interactive method for working most of the exercises in Loss Models including, as well as providing, hints and step-by-step solutions. Many of the questions have a feature that makes random changes so that the same question can be worked more than once. The questions cover simulations, log normal distributions, aggregate loss models and operational risks, among a host of other actuarial topics. eKlugman ExamPrep also includes multiple forms of simulated exams with questions specially written for exam C/4 practice. The product features a built-in record keeping system in order to reinforce further practice and promote customization of study skills. This online product presents useful tips in understanding the test material, and it aids users in achieving specific exam goals.  The material is a ‘must have’ for all aspiring and practicing actuaries who desire a fast and efficient alternative to using the traditional coursebook approach. Price includes 6-month access/subscription. Once purchased, the product is nonreturnable. After ordering, customers will be mailed a card that contains their registration code which is needed to access the eKlugman ExamPrep website. Also, check out the NEW enhanced version, . This product serves the same needs as ExamPrep, but with updated content and enhanced functionality to further improve your knowledge when preparing the the Actuarial Exam.

Genres: Reference, Mathematics

1 pages, Paperback

First published January 9, 1998

Reviews

[Denis · Rating 5 out of 5]

The book is definitely a very good and worthwhile read. It's clear the authors have a great understanding of how all the distributions work and how they're connected.
However, this is definitely not the best choice for those who are unfamiliar with the subject. The book often explains one concept with the assumption that the reader is already quite familiar with several others. What's strange is that later, maybe 200 pages in, it will introduce those underlying concepts from the beginning as if the reader doesn't know them, which contradicts the earlier assumption of their understanding.
So, while it's not an introductory-level book, it's still quite a good one for providing an overall understanding and showing the connections between various subjects. This is also one of the few books where the appendix is definitely worth paying attention to.
What I didn't like was the generally intimidating feeling of the book. Even though the explanations are quite clear, maybe it's an editorial issue.

[Lisa · Rating 3 out of 5]

I read sections of this book more as an overview to loss models and credit risk analysis. It was informative for what I needed. Unfortunately most is for actuarial models and insurance. I would have liked to have seen more examples and some case studies and a bit less theory.

3.5/5 stars ⭐️

[Yehia · Rating 3 out of 5]

Mid life crisis

[Vonny · Rating 4 out of 5]

systematic and easy to understand ... :D

[Andrew · Rating 4 out of 5]

Pretty readable for an actuarial exam textbook. There are even some funny parts.