Textbook on actuarial science - covers theory of life contingency and its application to the calculation of premiums and contributions, and to valuation of life insurance contracts and pension schemes, and includes exercises. Bibliography p. 448, graphs and tables.

Excerpt from d104-Book of the Principles of Interest, Life Annuities, and Assurances, and Their Practical Application, Vol. 2: Life Contingencies, (Including Life Annuities and Assurances) The volume, from the nature of the case, includes but iittle that is actually new in the way of investigation. Nevertheless, it has not been thought expedient to give many references to other writings, principally because, in the majority of instances, there would be difficulty in determining who is the original authority. The initials when they occur, refer to the Journal of the 'institute of Actuaries, which, for the past forty years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

"This manual presents solutions to all exercises from Actuarial Mathematics for Life Contingent Risks (AMLCR) by David C.M. Dickson, Mary R. Hardy, Howard Waters; Cambridge University Press, 2009. ISBN 9780521118255"--Pref.

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. * Provides a complete review of necessary probability theory. * Covers the Society of Actuaries' syllabus on Actuarial Models. * 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. * Employs modern calculation and computing techniques, such as spreadsheets. * Contains a variety of exercises, both computational and theoretical. * Supported by a website featuring exercises and further examples. * 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.