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Actuarial Theory for Dependent Risks - Denuit, Michel (Universite Catholique de Louvain, Belgium) a Dhaene, Jan (Katholieke Universiteit Leuven, Belgium and Universiteit van Amsterdam, The Netherlands) a Goovaerts, Marc (Katholieke Universiteit Leuven, Belgium and Universiteit van Amsterdam, The N

Traditional actuarial risk theory focuses on independence between the different random variables. However in recent years the actuarial profession has recognized that efficient risk management increasingly requires an understanding of the strength of dependence between different risks. This book deals with dependent risks in insurance markets.

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