Actuarial mathematics for life contingent risks
by Dickson, D. C. M., (David C. M.)
""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 applicati…
Read More ↓Title Statements
- Full title :Actuarial mathematics for life contingent risks / David C.M. Dickson, University of Melbourne, Mary R. Hardy, University of Waterloo, Onterio, Howard R. Waters, Heriot-Watt University, Edinburgh.
Summary
""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.""--Publisher's description."
Read More ↓Edition Statements
- Publication Date:2013
- Edition:Second edition
Publication Statements
- Publisher(s):Cambridge University Press
- Place of Publication:New York
- Language:eng
- Publication Date:2013
The Physical Object
- Description:xxi, 597 pages : : illustrations ; : 24 cm.
Edition Identifiers
- ISBN:1107044073, 9781107044074
- oclc:ocn843124183
- LC Classification:HG8781
- Dewey Decimal:368/.01
Table of Contents
Preface to the second edition page -- Introduction to life insurance -- Survival models -- Life tables and selection -- Insurance benefits -- Annuities -- Premium calculation -- Policy values -- Multiple state models -- Joint life and last survivor benefits -- Pension mathematics -- Non-diversiable risk -- Emerging costs for traditional life insurance -- Participating and universal life insurance -- Emerging costs for equity-linked insurance -- Option pricing -- Embedded options -- Appendix a: probability theory -- Appendix b: numerical techniques -- Appendix c: simulation -- Appendix d: tables -- References.
Read More ↓Subjects
Writers
More from this Series
No reviews yet. Be the first to rate this work.
Related Works
more →
Actuarial mathematics: Short course : Papers
Actuarial mathematics
Actuarial mathematics
Actuarial mathematics
Actuarial mathematics
Actuarial mathematics
Loss models: from data to decisions
Files & Downloads
-
Actuarial Mathematics for Life Contingent Risks -…
PDF · 21.6 MB · updated
Rate & Review