Title: Actuarial Mathematics for Life Contingent Risks / Edition 1
Author: David C. M. Dickson, Mary R. Hardy, Howard R. Waters
ISBN-10: 0521118255
ISBN-13: 9780521118255
How can actuaries best equip themselves for the products and risk structures of the future? In this new textbook, three leaders in actuarial science give a modern perspective on the contingencies. The book begins traditionally, covering actuarial models and theory, and emphasizing practical applications using computational techniques. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. Using spreadsheet-style software, the book presents large-scale, realistic examples. Over 150 exercises and solutions teach skills in simulation and projection through computational practice. Balancing rigour with intuition, and emphasizing applications, this textbook is ideal not only for university courses, but also for individuals preparing for professional actuarial examinations and qualified actuaries wishing to renew and update their skills.
