Includes bibliographical references (pages 611-618) and index.
SUMMARY OR ABSTRACT
Text of Note
"Ideal for students preparing for level 300 actuarial exams in the US, Actuarial Models: The Mathematics of Insurance provides a comprehensive exposition of insurance processes models and presents mathematical setups and methods used in Actuarial Modeling. Divided into three self-contained and explicitly designated parts of different levels of difficulty, this book examines standard as well as advanced topics such as modern utility theory, martingale technique, models with payments of dividends, reinsurance models, and classification of distributions. The book includes numerous examples, practice problems, and exercises on numerical calculations using Excel. It includes also preliminary examination material for the Society of Actuaries and the Casualty Actuarial Society (CAS), providing, in particular, real problems from past CAS exams."--Jacket.