Actuarial Mathematics for Life Contingent Risks

David C. M. Dickson (University of Melbourne),Mary R. Hardy (University of Waterloo, Ontario),Howard R. Waters (Heriot-Watt University, Edinburgh)

Actuarial Mathematics for Life Contingent Risks
Format
Hardback
Publisher
Cambridge University Press
Country
United Kingdom
Published
19 December 2019
Pages
782
ISBN
9781108478083

Actuarial Mathematics for Life Contingent Risks

David C. M. Dickson (University of Melbourne),Mary R. Hardy (University of Waterloo, Ontario),Howard R. Waters (Heriot-Watt University, Edinburgh)

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.

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