Fundamentals of actuarial mathematics / (Record no. 4583)

MARC details
000 -LEADER
fixed length control field 04514cam a22002894a 4500
001 - CONTROL NUMBER
control field vtls000009388
003 - CONTROL NUMBER IDENTIFIER
control field VRT
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250102222912.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 100627s2006 enka |b 001 0 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 0470016892 (cloth : alk. paper)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780470016893 (cloth : alk. paper)
039 #9 - LEVEL OF BIBLIOGRAPHIC CONTROL AND CODING DETAIL [OBSOLETE]
Level of rules in bibliographic description 201402040205
Level of effort used to assign nonsubject heading access points VLOAD
Level of effort used to assign subject headings 201007200855
Level of effort used to assign classification malmash
Level of effort used to assign subject headings 201006290842
Level of effort used to assign classification noor
-- 201006271403
-- fbaitsaid
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HG8781
Item number .P767 2006
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Promislow, S. David.
9 (RLIN) 12304
245 10 - TITLE STATEMENT
Title Fundamentals of actuarial mathematics /
Statement of responsibility, etc. S. David Promislow.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Chichester, England ;
-- Hoboken, NJ :
Name of publisher, distributor, etc. John Wiley & Sons,
Date of publication, distribution, etc. c2006.
300 ## - PHYSICAL DESCRIPTION
Extent xix, 372 p. :
Other physical details ill. ;
Dimensions 25 cm.
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note Includes bibliographical references (p. [367]-368) and index.
505 ## - FORMATTED CONTENTS NOTE
Formatted contents note Preface. Notation index. PART I: THE DETERMINISTIC MODEL. 1. Introduction and motivation. 1.1 Risk and insurance. 1.2 Deterministic versus stochastic models. 1.3 Finance and investments. 1.4 Adequacy and equity. 1.5 Reassessment. 1.6 Conclusion. 2. The basic deterministic model. 2.1 Cashflows. 2.2 An analogy with currencies. 2.3 Discount functions. 2.4 Calculating the discount function. 2.5 Interest and discount rates. 2.6 The constant interest case. 2.7 Values and actuarial equivalence. 2.8 The case of equal cashflows. 2.9 Balances and reserves. 2.10 Time shifting and the splitting identity. 2.11 Change of discount function. 2.12 Internal rate of return. 2.13 Standard notation and terminology. 2.14 Spreadsheet calculations. 2.15 Notes and references. Exercises. 3. The life table. 3.1 Basic definitions. 3.2 Probabilities. 3.3 Constructing the life table from the values of qx. 3.4 Life expectancy. 3.5 Choice of life tables. 3.6 Standard notation and terminology. 3.7 A sample table. 3.8 Notes and references. Exercises. 4. Life annuities. 4.1 Introduction. 4.2 Calculating annuity premiums. 4.3 The interest and survivorship discount function. 4.4 Guaranteed payments. 4.5 Deferred annuities with annual premiums. 4.6 Some practical considerations. 4.7 Standard notation and terminology. 4.8 Spreadsheet calculations. Exercises. 5. Life insurance. 5.1 Introduction. 5.2 Calculating life insurance premiums. 5.3 Types of life insurance. 5.4 Combined benefits. 5.5 Insurances viewed as annuities. 5.6 Summary of formulas. 5.7 A general insurance-annuity identity. 5.8 Standard notation and terminology. 5.9 Spreadsheet applications. Exercises. 6. Insurance and annuity reserves. 6.1 Introduction to reserves. 6.2 The general pattern of reserves. 6.3 Recursion. 6.4 Detailed analysis of an insurance or annuity contract. 6.5 Bases for reserves. 6.6 Nonforfeiture
520 ## - SUMMARY, ETC.
Summary, etc. 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. This book provides a complete review of necessary probability theory and covers the Society of Actuaries syllabus on Actuarial Models. It 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. While employing modern calculation and computing techniques, such as spreadsheets, it also contains a variety of exercises, both computational and theoretical. Supported by a website featuring exercises and further examples, it is 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.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Insurance
General subdivision Mathematics.
9 (RLIN) 12305
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Business mathematics.
9 (RLIN) 818
856 40 - ELECTRONIC LOCATION AND ACCESS
Materials specified Table of contents only
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856 40 - ELECTRONIC LOCATION AND ACCESS
Materials specified Publisher description
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856 40 - ELECTRONIC LOCATION AND ACCESS
Materials specified Contributor biographical information
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942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
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    Library of Congress Classification     Library Library First Floor 21/12/2024   HG8781 .P767 2006 8522 21/12/2024 1 21/12/2024 Books
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