Boland's (University College Dublin, Ireland) text covers many of the diverse methods in applied probability and statistics, building on the reader's existing basic knowledge of probability and statistics to establish a solid and thorough understanding of the methods. In particular, the text emphasizes the wide variety of practical situations in insurance and actuarial science where these techniques may be used, including models for losses and collective risk, reserving and experience rating, credibility estimation, and measures of security for risk. Also included are basic introductions to generalized linear models, decision-making and game theory. Suitable as a text for students preparing for careers in insurance, actuarial science and finance, and as a text and reference for insurance analysts. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)