An introduction to actuarial studies

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Title:

Author:

Atkinson, M. E. (Margaret E.), 1952-

ISBN:

9780857935410

Personal Author:

Atkinson, M. E. (Margaret E.), 1952-

Edition:

2nd ed.

Publication Information:

Cheltenham : Edward Elgar, 2011.

Physical Description:

xi, 231 p. ; 24 cm.

General Note:

Previous ed.: 2000.

Formerly CIP.

Contents:

Machine generated contents note: 1.Introduction -- 2.Valuation of Financial Transactions -- 2.1.Simple Interest -- 2.2.Compound Interest -- 2.2.1.Valuation of a single payment -- 2.2.2.Valuation of a series of payments -- 2.2.3.The equation of value -- 2.3.Common Compound Interest Transactions -- 2.3.1.Fixed interest bonds -- 2.3.2.Housing loans -- 2.4.Exercises -- 3.Demography -- 3.1.Introduction -- 3.2.Characteristics of a Population -- 3.2.1.Sources of information -- 3.2.2.Classification of data -- 3.2.3.Summary statistics -- 3.2.4.Rates of change: the population growth rate -- 3.2.5.Demographic transition -- 3.2.6.Development of world demographics -- 3.3.Individual Characteristics: Mortality -- 3.3.1.The survival function -- 3.3.2.The life table -- 3.3.3.Characteristics, causes and trends of mortality experience -- 3.3.4.Mathematical models of mortality -- 3.4.Individual Characteristics: Fertility -- 3.4.1.Definition of fertility -- 3.4.2.Measures of fertility --

Contents note continued: 3.4.3.Factors affecting fertility -- 3.4.4.Modern trends in family formation -- 3.4.5.Trends in fertility rates, and consequences -- 3.5.Population Projections -- 3.5.1.Context -- 3.5.2.Projection models -- 3.6.Exercises -- 4.Actuarial Practice -- 4.1.Introduction -- 4.2.Principles of Insurance -- 4.3.Life Insurance -- 4.3.1.Whole life insurance policy -- 4.3.2.Term insurance policy -- 4.3.3.Endowment insurance policy -- 4.3.4.Unitised insurances -- 4.3.5.Trauma insurance -- 4.3.6.Disability insurance -- 4.3.7.Reverse mortgages -- 4.3.8.The role of the actuary in life insurance -- 4.4.Private Health Insurance -- 4.5.Superannuation -- 4.5.1.Defined benefit schemes -- 4.5.2.Defined contribution schemes -- 4.5.3.The role of the actuary in superannuation -- 4.6.General Insurance -- 4.6.1.The role of the actuary in general insurance -- 4.7.National Insurance -- 4.8.Exercises -- 5.Valuation of Contingent Payments -- 5.1.Introduction --

Contents note continued: 5.2.Discrete Random Variables -- 5.3.Valuation of a Single Contingent Payment -- 5.4.Valuation of a Series of Contingent Payments -- 5.5.Premium Calculation -- 5.5.1.Whole life insurance -- 5.5.2.Endowment insurance -- 5.6.Relationships between Actuarial Functions -- 5.7.Parameter Variability -- 5.8.Exercises.

Abstract:

1. Introduction -- 2. Valuation of financial transactions -- 3. Demography -- 4. Actuarial practice -- 5. Valuation of contingent payments.

Subject Term:

Insurance -- Mathematics.

Added Author:

Dickson, D. C. M. (David C. M.), 1959-

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025559960	368.01 A877.I 2011	1	Searching... Unknown

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Summary

An Introduction to Actuarial Studies provides a contemporary guide to actuarial technique and practice.

This substantially revised and extended new edition includes:

New and thoroughly updated material Many more exercises with solutions to allow the reader to establish confidence in using actuarial techniques.

It covers a broad range of topics representing the basic areas of actuarial science including compound interest calculations, demographic theory and techniques, and the pricing and operation of simple life assurance contracts. Numerous worked examples illustrate the principles and techniques described in the text.

The text assumes no prior knowledge of actuarial work but requires mathematical knowledge at first year university level and an ability for problem solving. It is designed both for those beginning a career in actuarial work, as well as those interested in learning about basic actuarial tools and the main areas of actuarial practice.

Contents: Preface; 1. Introduction; 2. Valuation of Financial Transactions; 3. Demography; 4. Actuarial Practice; 5. Valuation of Contingent Payments; References; Index