* Provides a comprehensive coverage of both the deterministic and
stochastic models of life contingencies, risk theory, credibility
theory, multi-state models, and an introduction to modern
mathematical nance. * New edition restructures the material to t
into modern computational methods and provides several spreadsheet
examples throughout. * Covers the syllabus for the Institute of
Actuaries subject CT5, Contingencies * Includes new chapters
covering stochastic investments returns, universal life insurance.
Elements of option pricing and the Black-Scholes formula will be
introduced.
General
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