Modern Actuarial Theory and Practice

Modern Actuarial Theory and Practice

4.25 (4 ratings by Goodreads)
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Description

In the years since the publication of the best-selling first edition, the incorporation of ideas and theories from the rapidly growing field of financial economics has precipitated considerable development of thinking in the actuarial profession. Modern Actuarial Theory and Practice, Second Edition integrates those changes and presents an up-to-date, comprehensive overview of UK and international actuarial theory, practice and modeling. It describes all of the traditional areas of actuarial activity, but in a manner that highlights the fundamental principles of actuarial theory and practice as well as their economic, financial, and statistical foundations.show more

Product details

  • Hardback | 840 pages
  • 154 x 232 x 50mm | 1,301.8g
  • Taylor & Francis Inc
  • Chapman & Hall/CRC
  • Boca Raton, FL, United States
  • English
  • Revised
  • 2nd Revised edition
  • 45 black & white illustrations, 123 black & white tables
  • 1584883685
  • 9781584883685
  • 807,413

Review quote

"The publication of the first edition of Modern Actuarial Theory and Practice in 1998 marked an important step in the emergence of new actuarial textbooks in the English language providing an introduction to the practical applications of modern development in actuarial science across a range of practice areasThe new edition of Modern Actuarial Theory and Practice will offer valuable additional study material to those preparing for the Core Applications examination of the U.K. actuarial profession, and similar-level studies in other countries, as well as being a convenient general textbook for every qualified actuary to have on their bookshelf. I congratulate the authors on bringing the material together for this book and hope that it will be widely used by students and by qualified actuaries around the world." - From the Foreword by Chris Daykin, CB, MA, FIA, Chairman, Education Committee of the Groupe Consultatifshow more

Table of contents

INVESTMENT The Widening Scope of Actuarial Theory and Practice Investments and Valuation General Principles of Asset Allocation Investment Risk Portfolio Selection Techniques and Investment Modeling LIFE INSURANCE Fundamental Features of Life Insurance Nonparticipating Life Insurance Participating Life Insurance The Regulation of Solvency and its Effect on the Emergence of Profit Life Office Risks and Risk Management The Actuarial Role in Life Office Management GENERAL INSURANCE Introduction to General Insurance General Insurance Accounts Premium Rating Reinsurance Reserving PENSIONS Types of Pension Plan Actuarial Modeling of Defined-Benefit Plans Investment Strategies for Defined-Benefit Plans Individual Pension Choices HEALTH INSURANCE An Introduction to Health Insurance Income Protection Insurance Critical Illness Long-Term Care Private Medical Insuranceshow more

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