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Actuarial Mathematics for Life Contingent Risks (Hardcover, 2nd Revised edition)
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Actuarial Mathematics for Life Contingent Risks (Hardcover, 2nd Revised edition)
Series: International Series on Actuarial Science
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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.
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