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Actuarial Mathematics for Life Contingent Risks (International Series on Act...
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Actuarial Mathematics for Life Contingent Risks (International Series on Act...

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    Item specifics

    Condition
    Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
    Release Year
    2013
    Book Title
    Actuarial Mathematics for Life Contingent Risks (International...
    ISBN
    9781107044074
    Category

    About this product

    Product Identifiers

    Publisher
    Cambridge University Press
    ISBN-10
    1107044073
    ISBN-13
    9781107044074
    eBay Product ID (ePID)
    167636098

    Product Key Features

    Number of Pages
    616 Pages
    Language
    English
    Publication Name
    Actuarial Mathematics for Life Contingent Risks
    Publication Year
    2013
    Subject
    Insurance / Risk Assessment & Management, Statistics, Insurance / General
    Features
    Revised
    Type
    Textbook
    Author
    Howard R. Waters, David C. M. Dickson, Mary R. Hardy
    Subject Area
    Business & Economics
    Series
    International Series on Actuarial Science Ser.
    Format
    Hardcover

    Dimensions

    Item Height
    1.6 in
    Item Weight
    38.8 Oz
    Item Length
    9.3 in
    Item Width
    6.2 in

    Additional Product Features

    Edition Number
    2
    Intended Audience
    College Audience
    LCCN
    2013-013708
    Dewey Edition
    22
    Reviews
    Review of the first edition: 'The book is well written, well organized, and easy to read. It may be an excellent textbook for both undergraduate and graduate programs in actuarial science. It is also a rich source of useful information for practitioners of the actuarial profession and financial risk managers who seek a practical and inspiring guide to liability cash flow modeling and valuation.' Scandinavian Actuarial Journal
    Illustrated
    Yes
    Dewey Decimal
    368.01
    Edition Description
    Revised edition
    Table Of Content
    Preface to the Second Edition; 1. Introduction to life insurance; 2. Survival models; 3. Life tables and selection; 4. Insurance benefits; 5. Annuities; 6. Premium calculation; 7. Policy values; 8. Multiple state models; 9. Joint life and last survivor benefits; 10. Pension mathematics; 11. Yield curves and non-diversifiable risk; 12. Emerging costs for traditional life insurance; 13. Participating and universal life insurance; 14. Emerging costs for equity-linked insurance; 15. Option pricing; 16. Embedded options; A. Probability theory; B. Numerical techniques; C. Simulation; D. Tables; References; Index.
    Synopsis
    Three leaders in actuarial science give a modern perspective on life contingencies. Balancing rigour and intuition, and emphasizing applications, this modern text is ideal for university courses and actuarial exam preparation. This second edition includes brand new chapters and exercises, and will prepare students for the new-style MLC exam., Actuarial Mathematics for Life Contingent Risks, 2nd edition, is the sole required text for the Society of Actuaries Exam MLC Fall 2015 and Spring 2016. It covers the entire syllabus for the SOA Exam MLC, including new sections for Spring 2016. It is ideal for university courses and for individuals preparing for professional actuarial examinations - especially the new, long-answer exam questions. Three leaders in actuarial science balance rigor with intuition and emphasize practical applications using computational techniques to provide a modern perspective on life contingencies and equip students for the products and risk structures of the future. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. The 210 exercises provide meaningful practice with both long-answer and multiple choice questions. Furthermore: * the book has been updated to include new material on discrete time Markov processes, on models involving joint lives, and on universal life insurance and participating traditional insurance * the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises., Actuarial Mathematics for Life Contingent Risks, 2nd edition, is the sole required text for the Society of Actuaries Exam MLC Fall 2015 and Spring 2016. It covers the entire syllabus for the SOA Exam MLC, including new sections for Spring 2016. It is ideal for university courses and for individuals preparing for professional actuarial examinations - especially the new, long-answer exam questions. Three leaders in actuarial science balance rigor with intuition and emphasize practical applications using computational techniques to provide a modern perspective on life contingencies and equip students for the products and risk structures of the future. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. The 210 exercises provide meaningful practice with both long-answer and multiple choice questions. Furthermore: - the book has been updated to include new material on discrete time Markov processes, on models involving joint lives, and on universal life insurance and participating traditional insurance - the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises.
    LC Classification Number
    HG8781 .D528 2013

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