9781402004605

An Introduction to Actuarial Mathematics *PT

by ;
  • ISBN13:

    9781402004605

  • ISBN10:

    1402004605

  • Format: Hardcover
  • Copyright: 2002-02-01
  • Publisher: Kluwer Academic Pub
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Summary

This text has been written by a renowned statistician and a practising actuary, primarily as an introduction to the basics of the actuarial mathematics of life insurance. Since it attempts to derive the results in a mathematically rigorous way, the concepts and techniques of one-variable calculus and probability theory have been used throughout. Topics dealt with include important concepts of financial mathematics; the concept of interests; annuities-certain; mortality theory; different types of life insurances; stochastic cash flows in general and pure endowments, whole life and term insurances, endowments, and life annuities in particular; premium calculations; reserves; mortality profit; and negative reserves. The book contains many systematically solved examples showing the practical applications of the theory presented. Solving the problems at the end of each section is essential for understanding the material. Answers to odd-numbered problems are given at the end of the volume. Audience: This work is recommended as a text for a one-semester course or one-year college course at senior level in actuarial mathematics, life insurance, or the mathematics of finance. It will be of interest to postgraduate students whose work involves actuarial studies, mathematical economics, statistics and probability, mathematical and quantitative methods, and applied probability.

Table of Contents

Preface
Financial Mathematics
Mortality
Life Insurances and Annuities
Premiums
Reserves
Answers to Odd-Numbered Problems
Compound Interest Tables
Illustrative Mortality Table
References
Symbol Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

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