Actuarial Mathematics for Life Contingent Risks (International Series on Actuarial Science)
Product ID: 62670808
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Actuarial Mathematics for Life Contingent Risks, 2nd edition, is the sole required text for the Society of Actuaries Exam MLC Fall 2015 and Spring 2016. It covers the entire syllabus for the SOA Exam MLC, including new sections for Spring 2016. It is ideal for university courses and for individuals preparing for professional actuarial examinations - especially the new, long-answer exam questions. Three leaders in actuarial science balance rigor with intuition and emphasize practical applications using computational techniques to provide a modern perspective on life contingencies and equip students for the products and risk structures of the future. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. The 210 exercises provide meaningful practice with both long-answer and multiple choice questions. Furthermore: • the book has been updated to include new material on discrete time Markov processes, on models involving joint lives, and on universal life insurance and participating traditional insurance • the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises. Review: Very good book - Decent introduction to life insurance. The book include lots of simple examples to help getting you started. At the end of each chapter, there are some more demanding excercices with numerical results. If you want to know the steps in between you'll have to buy the solutions manual. Review: Good condition and delivery on time - The book is in good condition and useful for this subject
| Best Sellers Rank | 988,766 in Books ( See Top 100 in Books ) 264 in Professional Financial Insurance 1,182 in Applied Mathematics (Books) 41,565 in Scientific, Technical & Medical |
| Customer Reviews | 4.5 out of 5 stars 82 Reviews |
H**S
Very good book
Decent introduction to life insurance. The book include lots of simple examples to help getting you started. At the end of each chapter, there are some more demanding excercices with numerical results. If you want to know the steps in between you'll have to buy the solutions manual.
K**N
Good condition and delivery on time
The book is in good condition and useful for this subject
L**N
it's a good textbook for Life Contingent
as I expected, it's a good textbook for Life Contingent Mathematics
A**R
Four Stars
good
D**D
Excellent Actuarial Source book
This book provides an excellent background to Life contingencies - it is a suitable to modern needs as Alistair Neill was in the past - excellent work.
A**L
Muy buen libro
Excelente para aprender matemáticas actuariales de vida.
B**O
Ótimo livro para estudos
Otimo livro para aprender e rever conteudos
L**N
Excellent Treatise, Regardless of Experience Level
This is an excellent, must-have addition to the library of any aspiring actuary. Topics from elementary survival models through multiple-state models are explained clearly and cogently, with great practice problems at the end of each chapter that challenge the student to think critically based on the material presented in each section. I would definitely recommend this book for self-study, as the mathematics are clearly developed in each section and the various real-world drawbacks and consequences of particular models are discussed in-depth. None of the math is of the "don't try this at home" level, but obviously you have to be quite comfortable with differential and integral calculus. For the sake of brevity and orderliness, many of the intermediate steps are not shown in the proofs and derivations of formulas, so if you absolutely have to know, it's on you to do the messy algebra work. On the whole, this tends to serve as a very good exercise and will help you to be able to develop the mathematics for yourself; personally I find that one of the most important parts of learning independently is self-reliance and a willingness to think critically, and this book will certainly encourage that. This is an all-around excellent purchase that you cannot go wrong with. An outstanding treatise on the mathematics used in one of the world's top professional fields.
L**N
Five Stars
good
R**Z
Libro de alto nivel
Muy buen libro para practicar con alto grado de dificultad.
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