ABSTRACT

Actuarial Models: The Mathematics of Insurance, Second Edition thoroughly covers the basic models of insurance processes. It also presents the mathematical frameworks and methods used in actuarial modeling. This second edition provides an even smoother, more robust account of the main ideas and models, preparing students to take exams of the Societ

chapter |6 pages

Introduction

chapter 3|44 pages

Three Basic Propositions

chapter 4|60 pages

A General Framework and Typical Situations

chapter 5|36 pages

Brownian Motion and Its Generalizations

chapter 6|52 pages

A General Framework

chapter 7|46 pages

The Probability Distribution of Lifetime

chapter 8|36 pages

A General Model

chapter 9|32 pages

Annuity Models

chapter 10|28 pages

Premium Annuities

chapter 11|20 pages

Valuation of Individual Pension Plans

chapter 12|42 pages

Risk Exchange: Reinsurance and Coinsurance

chapter 1|12 pages

Summary Tables for Basic Distributions