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Look Inside Actuarial Mathematics for Life Contingent Risks

Actuarial Mathematics for Life Contingent Risks

2nd Edition

AUD$130.95 inc GST

textbook

Part of International Series on Actuarial Science

  • Date Published: October 2013
  • availability: In stock
  • format: Hardback
  • isbn: 9781107044074
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About the Authors
  • 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 • the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises.

    • Practical textbook incorporating the latest developments in actuarial science
    • Covers the entire syllabus for the Society of Actuaries Exam MLC
    • Second Edition includes brand new material and contains more examples and exercises
    Read more

    Reviews & endorsements

    Review of the first edition: 'The book is well written, well organized, and easy to read. It may be an excellent textbook for both undergraduate and graduate programs in actuarial science. It is also a rich source of useful information for practitioners of the actuarial profession and financial risk managers who seek a practical and inspiring guide to liability cash flow modeling and valuation.' Scandinavian Actuarial Journal

    Customer reviews

    21st Aug 2018 by 878707180

    if I can read the text book, it would be amazing. Thank you!

    Review was not posted due to profanity

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    Product details

    • Edition: 2nd Edition
    • Date Published: October 2013
    • format: Hardback
    • isbn: 9781107044074
    • length: 616 pages
    • dimensions: 235 x 158 x 40 mm
    • weight: 1.1kg
    • contains: 50 b/w illus. 90 tables 210 exercises
    • availability: In stock
  • Table of Contents

    Preface to the Second Edition
    1. Introduction to life 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. Joint life and last survivor benefits
    10. Pension mathematics
    11. Yield curves and non-diversifiable risk
    12. Emerging costs for traditional life insurance
    13. Participating and universal life insurance
    14. Emerging costs for equity-linked insurance
    15. Option pricing
    16. Embedded options
    A. Probability theory
    B. Numerical techniques
    C. Simulation
    D. Tables
    References
    Index.

  • Resources for

    Actuarial Mathematics for Life Contingent Risks

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

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  • Instructors have used or reviewed this title for the following courses

    • Actuarial Mathematics
  • Authors

    David C. M. Dickson, University of Melbourne
    David C. M. Dickson is Professor of Actuarial Studies in the Department of Economics at the University of Melbourne. He has twice been awarded the H. M. Jackson Prize of the Institute of Actuaries of Australia, most recently for his book Insurance Risk and Ruin (Cambridge University Press, 2005).

    Mary R. Hardy, University of Waterloo, Ontario
    Mary R. Hardy holds the CIBC Chair in Financial Risk Management at the University of Waterloo, Ontario. She is a Fellow of the UK Institute and Faculty of Actuaries and of the Society of Actuaries, and has won awards and commendations for her research. In 2013 Hardy was awarded the Finlaison Medal of the Institute and Faculty of Actuaries for services to the actuarial profession, in research, teaching and governance.

    Howard R. Waters, Heriot-Watt University, Edinburgh
    Howard R. Waters is Professor in the Department of Actuarial Mathematics and Statistics at Heriot-Watt University, Edinburgh. He is a Fellow of the Institute and Faculty of Actuaries, by whom he was awarded the Finlaison Medal for services to the actuarial profession in 2006.

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