This unique book is a guide for students and graduates of mathematics, statistics, economics, finance, and other number-based disciplines contemplating a career in actuarial science. Given the comprehensive range of the cases that are analyzed in the book, the Actuaries' Survival Guide can serve as a companion to existing study material for all courses designed to prepare students for actuarial examinations. * Based on the curricula and examinations of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) * Presents an overview of career options and details on employment in different industries * Provides a link between theory and practice; helps readers gain the qualitative and quantitative skills and knowledge required to succeed in actuarial exams * Includes insights from over 50 actuaries and actuarial students * Written by Fred Szabo, who has directed the actuarial co-op program at Concordia University for over ten years
Tom Miller recognized the need to write this book a few years ago, after reviewing postings on popular discussion pages frequented by actuaries.
This new edition: Provides an introduction to the mathematics of financial markets, exploring options, risk-neutral evaluation, the fundamental theorem of asset pricing and the Black-Scholes formula. Provides coverage of profit testing.
Actuarial Mathematics
Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business.
Provides numerous examples of short code in the text, which can be modified for use with exercises to develop graphics displays for teaching, learning, and demonstrations.
Includes a thematic presentation of linear algebra Provides a systematic integration of Mathematica Encourages students to appreciate the benefits of mathematical rigor All exercises can be solved with Mathematica This book is written for a ...
In this collection of essays published to celebrate the Institute of Actuaries' 150th Anniversary, leading experts describe how actuarial concepts have contributed to many important social and financial developments, and how these ideas ...
10.13 (a) (i) For Giles, the final salary is FSG I 40 000s64/S35 I $101 245.72, and the actuarial liability (assuming no exit before age 65) is ovG I 1130 X 0.02 X 5 X FSG X as,” I $44 990.14. For Faith, the final salary is FSF I 50 ...
The 1922 volume was, in turn, created as the replacement for the Institute of Actuaries Textbook, Part Three.
This is the only book actuaries need to understand generalized linear models (GLMs) for insurance applications.