Fundamentals of Actuarial Mathematics - Hardcover

Promislow, S. David

4.07

14 ratings by Goodreads

9780470684115: Fundamentals of Actuarial Mathematics

Hardcover

ISBN 10: 0470684119 ISBN 13: 9780470684115

Publisher: Wiley, 2010

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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.

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About the Author:

S. David Promislow, Professor Emeritus, Department of Mathematics and Statistics, York University, Toronto, Canada

Review:

"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." (Mathematical Reviews, 2011)

"This second edition adds several chapters, including coverage of credibility theory, risk assessment, and multi-state models." (Book News, 1 March 2011)

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