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| Author | : Charles Lambert Trowbridge |
| Publisher | : Actuarial Education & Research Fund |
| Total Pages | : 98 |
| Release | : 1989 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : S. David Promislow |
| Publisher | : John Wiley & Sons |
| Total Pages | : 552 |
| Release | : 2015-01-20 |
| Genre | : Mathematics |
| ISBN | : 1118782461 |
Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical finance. New edition restructures the material to fit into modern computational methods and provides several spreadsheet examples throughout. Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.
| Author | : Andrew Leung |
| Publisher | : Academic Press |
| Total Pages | : 266 |
| Release | : 2021-10-29 |
| Genre | : Business & Economics |
| ISBN | : 0323901735 |
Actuarial Principles: Lifetables and Mortality Models explores the core of actuarial science: the study of mortality and other risks and applications. Including the CT4 and CT5 UK courses, but applicable to a global audience, this work lightly covers the mathematical and theoretical background of the subject to focus on real life practice. It offers a brief history of the field, why actuarial notation has become universal, and how theory can be applied to many situations. Uniquely covering both life contingency risks and survival models, the text provides numerous exercises (and their solutions), along with complete self-contained real-world assignments. Provides detailed coverage of life contingency risks and survival models Presents self-contained chapters with coverage of key topics from both practitioner and theoretical viewpoints Includes numerous real world exercises that are accompanied by enlightening solutions Covers useful background information on how and why the subject has evolved and developed
| Author | : Stephen Garrett |
| Publisher | : Academic Press |
| Total Pages | : 622 |
| Release | : 2015-05-02 |
| Genre | : Mathematics |
| ISBN | : 0128004916 |
This self-contained module for independent study covers the subjects most often needed by non-mathematics graduates, such as fundamental calculus, linear algebra, probability, and basic numerical methods. The easily-understandable text of Introduction to Actuarial and Mathematical Methods features examples, motivations, and lots of practice from a large number of end-of-chapter questions. For readers with diverse backgrounds entering programs of the Institute and Faculty of Actuaries, the Society of Actuaries, and the CFA Institute, Introduction to Actuarial and Mathematical Methods can provide a consistency of mathematical knowledge from the outset. Presents a self-study mathematics refresher course for the first two years of an actuarial program Features examples, motivations, and practice problems from a large number of end-of-chapter questions designed to promote independent thinking and the application of mathematical ideas Practitioner friendly rather than academic Ideal for self-study and as a reference source for readers with diverse backgrounds entering programs of the Institute and Faculty of Actuaries, the Society of Actuaries, and the CFA Institute
| Author | : Stuart A. Klugman |
| Publisher | : |
| Total Pages | : 529 |
| Release | : 2012-01-01 |
| Genre | : Actuarial science |
| ISBN | : 9780975933756 |
New required text for the FAP Modules, as of January 31, 2012. A critical point in an actuary's education is the transition from understanding the mathematical underpinnings of actuarial science to putting them into practice. The problems become less well-defined and the solutions less clear-cut. Understanding Actuarial Practice is designed to aid that transition in four of the areas in which actuaries practice: investments, life insurance and annuities, retirement benefits, and health insurance. In each area students are introduced to the products that are delivered in each area and the relevant methods with regard to pricing, reserving and funding. Examples are supported by readily available spreadsheets and there are numerous exercises that reinforce the concepts. While written expressly for use in the Society of Actuaries Fundamentals of Actuarial Practice Course, this book is a valuable resource for anyone who desires to learn how actuarial principles are put into practice.
| Author | : Wai-sum Chan |
| Publisher | : World Scientific |
| Total Pages | : 366 |
| Release | : 2021-09-14 |
| Genre | : Business & Economics |
| ISBN | : 9811243298 |
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
| Author | : Edward W. Frees |
| Publisher | : Cambridge University Press |
| Total Pages | : 585 |
| Release | : 2010 |
| Genre | : Business & Economics |
| ISBN | : 0521760119 |
This book teaches multiple regression and time series and how to use these to analyze real data in risk management and finance.
| Author | : Fred Szabo |
| Publisher | : Academic Press |
| Total Pages | : 297 |
| Release | : 2012-06-25 |
| Genre | : Mathematics |
| ISBN | : 0123869897 |
What would you like to do with your life? What career would allow you to fulfill your dreams of success? If you like mathematics—and the prospect of a highly mobile, international profession—consider becoming an actuary. Szabo’s Actuaries’ Survival Guide, Second Edition explains what actuaries are, what they do, and where they do it. It describes exciting combinations of ideas, techniques, and skills involved in the day-to-day work of actuaries. This second edition has been updated to reflect the rise of social networking and the internet, the progress toward a global knowledge-based economy, and the global expansion of the actuarial field that has occurred since the first edition. Includes details on the new structures of the Society of Actuaries’ (SOA) and Casualty Actuarial Society (CAS) examinations, as well as sample questions and answers Presents an overview of career options, includes profiles of companies & agencies that employ actuaries. Provides a link between theory and practice and helps readers understand the blend of qualitative and quantitative skills and knowledge required to succeed in actuarial exams Includes insights provided by over 50 actuaries and actuarial students about the actuarial profession Author Fred Szabo has directed the Actuarial Co-op Program at Concordia for over fifteen years
| Author | : Angus S. Macdonald |
| Publisher | : Cambridge University Press |
| Total Pages | : 387 |
| Release | : 2018-05-03 |
| Genre | : Business & Economics |
| ISBN | : 110704541X |
Modern mortality modelling for actuaries and actuarial students, with example R code, to unlock the potential of individual data.
| Author | : Michel Denuit |
| Publisher | : John Wiley & Sons |
| Total Pages | : 458 |
| Release | : 2006-05-01 |
| Genre | : Business & Economics |
| ISBN | : 0470016442 |
The increasing complexity of insurance and reinsurance products has seen a growing interest amongst actuaries in the modelling of dependent risks. For efficient risk management, actuaries need to be able to answer fundamental questions such as: Is the correlation structure dangerous? And, if yes, to what extent? Therefore tools to quantify, compare, and model the strength of dependence between different risks are vital. Combining coverage of stochastic order and risk measure theories with the basics of risk management and stochastic dependence, this book provides an essential guide to managing modern financial risk. * Describes how to model risks in incomplete markets, emphasising insurance risks. * Explains how to measure and compare the danger of risks, model their interactions, and measure the strength of their association. * Examines the type of dependence induced by GLM-based credibility models, the bounds on functions of dependent risks, and probabilistic distances between actuarial models. * Detailed presentation of risk measures, stochastic orderings, copula models, dependence concepts and dependence orderings. * Includes numerous exercises allowing a cementing of the concepts by all levels of readers. * Solutions to tasks as well as further examples and exercises can be found on a supporting website. An invaluable reference for both academics and practitioners alike, Actuarial Theory for Dependent Risks will appeal to all those eager to master the up-to-date modelling tools for dependent risks. The inclusion of exercises and practical examples makes the book suitable for advanced courses on risk management in incomplete markets. Traders looking for practical advice on insurance markets will also find much of interest.
