ENGLISH

Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)

By David C. M. Dickson , Mary R. Hardy , Howard R. Waters

Book information

Publisher
Cambridge University Press
Year
2009
ISBN
0521118255, 9780521118255
LCC
HG8781 .D53 2009
Open Library ID
OL24009130M
Language
english
Format
PDF
Filesize
2 MB (2180082 bytes)
Series
International Series on Actuarial Science
Edition
1
Pages
513\513
Scanned
yes
Time added
2010-05-31 15:29:46

Description

How can actuaries equip themselves for the products and risk structures of the future? Using the powerful framework of multiple state models, three leaders in actuarial science give a modern perspective on life contingencies, and develop and demonstrate a theory that can be adapted to changing products and technologies. The book begins traditionally, covering actuarial models and theory, and emphasizing practical applications using computational techniques. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. Using spreadsheet-style software, the book presents large-scale, realistic examples. Over 150 exercises and solutions teach skills in simulation and projection through computational practice. Balancing rigor with intuition, and emphasizing applications, this text is ideal for university courses, but also for individuals preparing for professional actuarial exams and qualified actuaries wishing to freshen up their skills.

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