Fundamentals of actuarial mathematics

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Title:

Author:

Promislow, S. David.

ISBN:

9780470684115

Personal Author:

Promislow, S. David.

Edition:

2nd ed.

Publication Information:

Chichester, West Sussex ; Hoboken, N.J. : Wiley, 2011.

Physical Description:

xxv, 449 p. : ill. ; 26 cm.

General Note:

Previous ed.: 2006.

Formerly CIP.

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.

Subject Term:

Insurance -- Mathematics.

Business mathematics.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025498292	368.01 P965F 2011	1	Searching... Unknown

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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.

Key Features:

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.) Extensively revised and updated with new material. Orders the topics specifically to facilitate learning. Provides a streamlined approach to actuarial notation. Employs modern computational methods. 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 highly suitable reference for those wanting a sound introduction to the subject, and for those working in insurance, annuities and pensions.