Summary |
Since the publication of Risk Theory in 1969, there has been a continued growth of interest in the subject. ASTIN, the section of the International Actuarial Association concerned with the subject, now has well over a thousand members and there are few actuarial societies which do not include some aspects of risk theory in their education and training. A number of Universities and technical institutions now have courses of study and, on the application side, the growth in the concept of risk management, namely the technique of total financial management planning, has emphasized the important part played by the theory of risk.
Authors have taken opportunity to correct a number of misprints which have come to light. Fortunately developments have not invalidated the text as an elementary introduction to the subject.
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