Actuarial Mathematics for Life Contingent Risks by David C. M. Dickson, Howard R. Waters, Mary R. Hardy

Actuarial Mathematics for Life Contingent Risks



Download Actuarial Mathematics for Life Contingent Risks




Actuarial Mathematics for Life Contingent Risks David C. M. Dickson, Howard R. Waters, Mary R. Hardy
Language: English
Page: 513
Format: pdf
ISBN: 0521118255, 9780521118255
Publisher: Cambridge University Press

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.

Book Description

A modern perspective on life contingencies that uses the powerful framework of multiple state models to develop and demonstrate a theory that can be adapted to changing products and technologies. Balancing rigor and intuition, and emphasizing applications, this modern text is ideal for university courses and actuarial exam preparation.

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