An Introduction to Actuarial Studies provides a contemporary guide
to actuarial technique and practice. This substantially revised and
extended new edition includes: New and thoroughly updated material
Many more exercises with solutions to allow the reader to establish
confidence in using actuarial techniques. It covers a broad range
of topics representing the basic areas of actuarial science
including compound interest calculations, demographic theory and
techniques, and the pricing and operation of simple life assurance
contracts. Numerous worked examples illustrate the principles and
techniques described in the text. The text assumes no prior
knowledge of actuarial work but requires mathematical knowledge at
first year university level and an ability for problem solving. It
is designed both for those beginning a career in actuarial work, as
well as those interested in learning about basic actuarial tools
and the main areas of actuarial practice. Contents: Preface; 1.
Introduction; 2. Valuation of Financial Transactions; 3.
Demography; 4. Actuarial Practice; 5. Valuation of Contingent
Payments; References; Index
General
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