Screen LibraryFundamentals of actuarial mathematics
This book provides a comprehensive introduction to actuarial mathematics, covering both deterministic and stochastic models of life contingencies, as well as more advanced topics such as risk theory, credibility theory and multi-state models. This new edition includes additional material on credibil...
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| Literature type: | Electronic eBook |
| Language: | English |
| Edition: | 2nd ed. |
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| Online Access: |
http://onlinelibrary.wiley.com/book/10.1002/9781119971528 |
| Summary: |
This book provides a comprehensive introduction to actuarial mathematics, covering both deterministic and stochastic models of life contingencies, as well as more advanced topics such as risk theory, credibility theory and multi-state models. This new edition includes additional material on credibility theory, continuous time multi-state models, more complex types of contingent insurances, flexible contracts such as universal life, the risk measures VaR and TVaR. Covers much of the syllabus material on the modeling examinations of the Society of Actuaries, Canadian Institute of Actuaries and the Casualty Actuarial Society (SOA-CIA exams MLC and C, CSA exams 3L and 4). Contains a variety of exercises, both computational and theoretical, together with answers, enabling use for self-study. An ideal text for students planning for a professional career as actuaries, providing a solid preparation for the modeling examinations of the major North American actuarial associations. Furthermore, this book is a suitable reference for those wanting a sound introduction to the subject, and for those working in insurance, annuities and pensions. |
| Carrier Form: | 1 online resource (xxv, 449 pages cm) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9781119971528 (electronic bk.) 1119971527 (electronic bk.) 9780470684115 (electronic bk.) 0470684119 (electronic bk.) 9780470977842 (electronic bk.) 0470977841 (electronic bk.) |
| Access: | Access available to onsite users at SLQ, e-services members and Queensland public library (QPL) account holders. |
| Index Number: | HG8781 |
| CLC: | F840 |
| Contents: | Introduction and motivation -- The basic deterministic model -- The life table -- Life annuities -- Life insurance -- Insurance and annuity reserves -- Fractional durations -- Continuous payments -- Select mortality -- Multiple-life contracts -- Multiple-decrement theory -- Expenses -- Survival distributions and failure times -- The stochastic approach to insurance and annuities -- Simplifications under level benefit contracts -- The minimum failure time -- The collective risk model -- Risk assessment. |