Actuarial Mathematics for Life Contingent Risks

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.