Fundamentals of Actuarial Mathematics by S David Promislow

Fundamentals of Actuarial Mathematics by S David Promislow

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Summary

The book is an introduction to actuarial mathematics and will cover the material on the modeling examinations of the Society of Actuaries and the Casualty Actuarial Society (SOA exam M and CSA exam 3). The text is unique with heavy emphasis on the deterministic methods and combines interest theory and life contingencies in a unified manner.

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Fundamentals of Actuarial Mathematics by S David Promislow

Actuarial work is the application of mathematics and statistics to the analysis of financial problems in life insurance, pensions, general insurance and investments. This unique introduction to the topic employs both a deterministic and stochastic treatment of the subject. It combines interest theory and life contingencies in a unified manner as well as covering basic risk theory. "Fundamentals of Actuarial Mathematics" presents the concepts in an original, accessible style, assuming a minimal formal background. This book provides a complete review of necessary probability theory and covers the Society of Actuaries syllabus on Actuarial Models. It orders the topics specifically to facilitate learning, beginning with the simplest case of the deterministic discrete model, and then moving to the more complicated stochastic, continuous models. While employing modern calculation and computing techniques, such as spreadsheets, it also contains a variety of exercises, both computational and theoretical. Supported by a website featuring exercises and further examples, it is written by a highly respected academic with over 35 years teaching experience. This book will be invaluable to senior undergraduate and graduate students, as well as actuarial professionals working in the life insurance or pension fields. Applied mathematicians and economists will also benefit greatly from the clear presentation and numerous examples.
"..a useful alternative to the existing textbooks of actuarial mathematics..." (Mathematical Reviews, 2007d)
S. David Promislow, Professor Emeritus, Department of Mathematics and Statistics, York University, Toronto, Canada
SKU Unavailable
ISBN 13 9780470016893
ISBN 10 0470016892
Title Fundamentals of Actuarial Mathematics
Author S David Promislow
Condition Unavailable
Binding Type Hardback
Publisher John Wiley and Sons Ltd
Year published 2005-12-16
Number of pages 392
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.