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Valuation of Liabilites and Distribution of Surplus: Notes, Papers and Discussion Arranged by the Institute of Actuaries Students' Society (Classic Reprint) - Hardcover
Synopsis
Valuation of Liabilities and Distribution of Surplus: Notes, Papers and Discussion
An introductory collection for actuarial study, presenting discussions on valuing policy liabilities and how surplus funds are shared among policyholders. The material surveys methods, tables, and practical considerations used by offices and researchers, with attention to how different valuation bases affect reserves and bonuses.
The book compiles notes and papers arranged by the Institute of Actuaries Students' Society. It covers bonus reserves, mortality tables, and how the choice of valuation method influences the distribution of profits. Readers will see how loading, interest, and policy type interact to shape solvency and bonuses over time.
This edition highlights practical exercises and example calculations drawn from early research, including comparisons of premium systems, loading systems, and select loading. It also discusses quinquennial distributions and the mathematics behind interim and period bonuses, all with the aim of giving a clear view of surplus, reserves, and bonuses for different office policies.
- Grounds the discussion in real-world valuation bases and the impact on reserves.
- Shows how different tables and interest assumptions affect profits and bonuses.
- Includes analysis of distribution methods and their consequences for policyholders.
- Offers historical context and references to key actuarial papers and researchers.
Ideal for readers of actuarial theory and practice, and for students needing a practical introduction to surplus distribution and policy valuation.
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Valuation of Liabilites and Distribution of Surplus Notes, Papers and Discussion Arranged by the Institute of Actuaries Students' Society Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780666404725
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Valuation of Liabilites and Distribution of Surplus Notes, Papers and Discussion Arranged by the Institute of Actuaries Students' Society Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780666404725
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