Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries

Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries PDF Author:
Publisher:
ISBN: 9780901066572
Category : Actuaries
Languages : en
Pages : 190

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Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries

Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries PDF Author:
Publisher:
ISBN: 9780901066572
Category : Actuaries
Languages : en
Pages : 190

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Book Description


Transactions of the Faculty of Actuaries

Transactions of the Faculty of Actuaries PDF Author: Faculty of Actuaries in Scotland
Publisher:
ISBN:
Category : Insurance
Languages : en
Pages : 470

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Book Description
List of members.

Transactions of the Faculty of Actuaries

Transactions of the Faculty of Actuaries PDF Author: Faculty of Actuaries in Scotland
Publisher:
ISBN:
Category : Insurance
Languages : en
Pages : 444

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Book Description
List of members.

A History of British Actuarial Thought

A History of British Actuarial Thought PDF Author: Craig Turnbull
Publisher: Palgrave Macmillan
ISBN: 9783319331829
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
In the first book of its kind, Turnbull traces the development and implementation of actuarial ideas, from the conception of Equitable Life in the mid-18th century to the start of the 21st century. This book analyses the historical development of British actuarial thought in each of its three main practice areas of life assurance, pensions and general insurance. It discusses how new actuarial approaches were developed within each practice area, and how these emerging ideas interacted with each other and were often driven by common external factors such as shocks in the economic environment, new intellectual ideas from academia and developments in technology. A broad range of historically important actuarial topics are discussed such as the development of the blueprint for the actuarial management of with-profit business; historical developments in mortality modelling methods; changes in actuarial thinking on investment strategy for life and pensions business; changing perspectives on the objectives and methods for funding Defined Benefit pensions; the application of risk theory in general insurance reserving; the adoption of risk-based reserving and the Guaranteed Annuity Option crisis at the end of the 20th century. This book also provides an historical overview of some of the most important external contributions to actuarial thinking: in particular, the first century or so of modern thinking on probability and statistics, starting in the 1650s with Pascal and Fermat; and the developments in the field of financial economics over the third quarter of the twentieth century. This book identifies where historical actuarial thought heuristically anticipated some of the fundamental ideas of modern finance, and the challenges that the profession wrestled with in reconciling these ideas with traditional actuarial methods. Actuaries have played a profoundly influential role in the management of the United Kingdom’s most important long-term financial institutions over the last two hundred years. This book will be the first to chart the influence of the actuarial profession to modern day. It will prove a valuable resource for actuaries, actuarial trainees and students of actuarial science. It will also be of interest to academics and professionals in related financial fields such as accountants, statisticians, economists and investment managers.

Financial Mathematics For Actuaries (Third Edition)

Financial Mathematics For Actuaries (Third Edition) PDF Author: Wai-sum Chan
Publisher: World Scientific
ISBN: 9811243298
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.

Computation and Modelling in Insurance and Finance

Computation and Modelling in Insurance and Finance PDF Author: Erik Bølviken
Publisher: Cambridge University Press
ISBN: 0521830486
Category : Business & Economics
Languages : en
Pages : 713

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Book Description
This practical introduction outlines methods for analysing actuarial and financial risk at a fairly elementary mathematical level suitable for graduate students, actuaries and other analysts in the industry who could use simulation as a problem solver. Numerous exercises with R-code illustrate the text.

Transactions

Transactions PDF Author: Actuarial Society of America
Publisher:
ISBN:
Category : Life insurance
Languages : en
Pages : 598

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Actuarial Mathematics

Actuarial Mathematics PDF Author: Newton L. Bowers
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 656

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Book Description


Leases for Lives

Leases for Lives PDF Author: D. R. Bellhouse
Publisher: Cambridge University Press
ISBN: 1107111765
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
This work explains the underfunding of early insurance and annuity schemes, and proposes a new view of how actuarial science developed as a discipline.

Bayesian Statistics in Actuarial Science

Bayesian Statistics in Actuarial Science PDF Author: Stuart A. Klugman
Publisher: Springer Science & Business Media
ISBN: 9401708452
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
The debate between the proponents of "classical" and "Bayesian" statistica} methods continues unabated. It is not the purpose of the text to resolve those issues but rather to demonstrate that within the realm of actuarial science there are a number of problems that are particularly suited for Bayesian analysis. This has been apparent to actuaries for a long time, but the lack of adequate computing power and appropriate algorithms had led to the use of various approximations. The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult. The second one takes on added significance as the actuary of today is expected to provide evidence concerning the quality of any estimates. While the examples are all actuarial in nature, the methods discussed are applicable to any structured estimation problem. In particular, statisticians will recognize that the basic credibility problem has the same setting as the random effects model from analysis of variance.