Actuarial Mathematics for Life Contingent Risks by David C. M. Dickson: Used

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Item specifics

Condition
Good: A book that has been read, but is in good condition. Minimal damage to the book cover eg. ...
Book Title
Actuarial Mathematics for Life Contingent Risks
Publication Date
2013-08-12
Edition Number
2
ISBN
1107044073
Category

About this product

Product Identifiers

Publisher
Cambridge University Press
ISBN-10
1107044073
ISBN-13
9781107044074
eBay Product ID (ePID)
167636098

Product Key Features

Number of Pages
616 Pages
Language
English
Publication Name
Actuarial Mathematics for Life Contingent Risks
Publication Year
2013
Subject
Insurance / Risk Assessment & Management, Statistics, Insurance / General
Features
Revised
Type
Textbook
Author
Howard R. Waters, David C. M. Dickson, Mary R. Hardy
Subject Area
Business & Economics
Series
International Series on Actuarial Science Ser.
Format
Hardcover

Dimensions

Item Height
1.6 in
Item Weight
38.8 Oz
Item Length
9.3 in
Item Width
6.2 in

Additional Product Features

Edition Number
2
Intended Audience
College Audience
LCCN
2013-013708
Dewey Edition
22
Reviews
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
Illustrated
Yes
Dewey Decimal
368.01
Edition Description
Revised edition
Table Of Content
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.
Synopsis
Three leaders in actuarial science give a modern perspective on life contingencies. Balancing rigour and intuition, and emphasizing applications, this modern text is ideal for university courses and actuarial exam preparation. This second edition includes brand new chapters and exercises, and will prepare students for the new-style MLC exam., 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., 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.
LC Classification Number
HG8781 .D528 2013

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