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This must-have manual provides detailed solutions to all of the 300
exercises in Dickson, Hardy and Waters' Actuarial Mathematics for
Life Contingent Risks, 3 edition. This groundbreaking text on the
modern mathematics of life insurance is required reading for the
Society of Actuaries' (SOA) LTAM Exam. The new edition treats a
wide range of newer insurance contracts such as critical illness
and long-term care insurance; pension valuation material has been
expanded; and two new chapters have been added on developing models
from mortality data and on changing mortality. Beyond professional
examinations, the textbook and solutions manual offer readers the
opportunity to develop insight and understanding through guided
hands-on work, and also offer practical advice for solving problems
using straightforward, intuitive numerical methods. Companion Excel
spreadsheets illustrating these techniques are available for free
download.
The substantially updated third edition of the popular Actuarial
Mathematics for Life Contingent Risks is suitable for advanced
undergraduate and graduate students of actuarial science, for
trainee actuaries preparing for professional actuarial
examinations, and for life insurance practitioners who wish to
increase or update their technical knowledge. The authors provide
intuitive explanations alongside mathematical theory, equipping
readers to understand the material in sufficient depth to apply it
in real-world situations and to adapt their results in a changing
insurance environment. Topics include modern actuarial paradigms,
such as multiple state models, cash-flow projection methods and
option theory, all of which are required for managing the
increasingly complex range of contemporary long-term insurance
products. Numerous exam-style questions allow readers to prepare
for traditional professional actuarial exams, and extensive use of
Excel ensures that readers are ready for modern, Excel-based exams
and for the actuarial work environment. The Solutions Manual (ISBN
9781108747615), available for separate purchase, provides detailed
solutions to the text's exercises.
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