Actuarial mathematics for life contingent risks

By:

Dickson, David C. M

Contributor(s):

Material type: Text

TextSeries: International series on actuarial sciencePublication details: Cambridge University Press 2020 CambridgeEdition: 3rdDescription: xxiv, 759 p.: ill. Includes bibliographical references and indexISBN:

9781108478083

Subject(s):

DDC classification:

368.01 D4A2-2020

Summary: The substantially updated third edition of the popular Actuarial Mathematics for Life Contingent Risks is suitable for advanced undergraduate and graduate students of actuarial science, for trainee actuaries preparing for professional actuarial examinations, and for life insurance practitioners who wish to increase or update their technical knowledge. The authors provide intuitive explanations alongside mathematical theory, equipping readers to understand the material in sufficient depth to apply it in real-world situations and to adapt their results in a changing insurance environment. Topics include modern actuarial paradigms, such as multiple state models, cash-flow projection methods and option theory, all of which are required for managing the increasingly complex range of contemporary long-term insurance products. Numerous exam-style questions allow readers to prepare for traditional professional actuarial exams, and extensive use of Excel ensures that readers are ready for modern, Excel-based exams and for the actuarial work environment. The Solutions Manual (ISBN 9781108747615), available for separate purchase, provides detailed solutions to the text's exercises. The required text for the Society of Actuaries' LTAM Exam Contains over 100 new exercises, for a total of 300 exercises and 160 worked examples Designed to be read thoroughly, encouraging students to engage with the subject beyond merely preparing for exams https://www.cambridge.org/in/academic/subjects/statistics-probability/statistics-econometrics-finance-and-insurance/actuarial-mathematics-life-contingent-risks-3rd-edition?format=HB

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad General Stacks	Non-fiction	368.01 D4A2-2020 (Browse shelf(Opens below))	Available		203540

Total holds: 0

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Previous	368.00681 H4C5 Claims reserving in general insurance	368.01 D3E3-I Effective statistical learning methods for actuaries, vol. I: GLMs and extensions	368.01 D3E3-III Effective statistical learning methods for actuaries, vol. III: neural networks and extensions	368.01 D4A2-2020 Actuarial mathematics for life contingent risks	368.01 F6 Foundations of insurance economics: readings in economics and finance	368.01 M2M6 Modelling mortality with actuarial applications	368.01 R6A2-2015 Actuarial models: the mathematics of insurance	Next

Table of contents

1. Introduction to life and long term health 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. Multiple decrement models
10. Joint life and last survivor benefits
11. Pension mathematics
12. Yield curves and non-diversifiable risk
13. Emerging costs for traditional life insurance
14. Universal life insurance
15. Emerging costs for equity-linked insurance
16. Option pricing
17. Embedded options
18. Estimating survival models
19. Stochastic longevity models
Appendix A. Probability and statistics
Appendix B. Numerical techniques
Appendix C. Monte Carlo simulation
Appendix D. Tables

The substantially updated third edition of the popular Actuarial Mathematics for Life Contingent Risks is suitable for advanced undergraduate and graduate students of actuarial science, for trainee actuaries preparing for professional actuarial examinations, and for life insurance practitioners who wish to increase or update their technical knowledge. The authors provide intuitive explanations alongside mathematical theory, equipping readers to understand the material in sufficient depth to apply it in real-world situations and to adapt their results in a changing insurance environment. Topics include modern actuarial paradigms, such as multiple state models, cash-flow projection methods and option theory, all of which are required for managing the increasingly complex range of contemporary long-term insurance products. Numerous exam-style questions allow readers to prepare for traditional professional actuarial exams, and extensive use of Excel ensures that readers are ready for modern, Excel-based exams and for the actuarial work environment. The Solutions Manual (ISBN 9781108747615), available for separate purchase, provides detailed solutions to the text's exercises.
The required text for the Society of Actuaries' LTAM Exam
Contains over 100 new exercises, for a total of 300 exercises and 160 worked examples
Designed to be read thoroughly, encouraging students to engage with the subject beyond merely preparing for exams

https://www.cambridge.org/in/academic/subjects/statistics-probability/statistics-econometrics-finance-and-insurance/actuarial-mathematics-life-contingent-risks-3rd-edition?format=HB

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