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Actuarial Mathematics

Actuarial Mathematics - 2nd edition

ISBN13: 978-0938959465

Cover of Actuarial Mathematics 2ND 97 (ISBN 978-0938959465)
ISBN13: 978-0938959465
ISBN10: 0938959468
Cover type:
Edition/Copyright: 2ND 97
Publisher: Society of Actuaries
Published: 1997
International: No
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Actuarial Mathematics - 2ND 97 edition

ISBN13: 978-0938959465

Newton L. Bowers, Hans U. Gerber, James C. Hickman and Do Jones

ISBN13: 978-0938959465
ISBN10: 0938959468
Cover type:
Edition/Copyright: 2ND 97
Publisher: Society of Actuaries

Published: 1997
International: No
Summary

This book goes to the heart of assessing the vulnerability in the pricing structures of all lines of insurance, employee benefits and other forms of contingent payments. This second edition is a step in an ongoing process of adapting the fundamentals of actuarial science to be current with changing realities. Among the book's key features is the probabilistic approach taken and the entry of risk into decision theory. Another key feature is the integration of life contingency concepts with risk theory. These and other expanded theoretical foundations carry actuarial practice to the forefront of defining ''security'' in the financial security industry. The text is critical for the preparation for the preliminary exams.

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