Modern Actuarial Theory and Practice / Edition 2

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The second edition of this successful text and reference presents an updated, comprehensive overview of UK and international actuarial practice and models. It offers greater worldwide appeal and application by incorporating international terminology and EU and US examples and comparisons throughout. It also features a new section on health and disability insurance, including chapters on long-term care, critical illness, income protection, and private medical insurance. The authors also provide Web-based material such as exam questions, exercises, software, references, and case studies. The new edition is an essential reference for actuaries, students, and insurance and investment statisticians.

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Product Details

  • ISBN-13: 9781584883685
  • Publisher: Taylor & Francis
  • Publication date: 12/28/2004
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 840
  • Product dimensions: 6.40 (w) x 9.36 (h) x 1.88 (d)

Table of Contents

The Widening Scope of Actuarial Theory and Practice
Investments and Valuation
General Principles of Asset Allocation
Investment Risk
Portfolio Selection Techniques and Investment Modeling

Fundamental Features of Life Insurance
Nonparticipating Life Insurance
Participating Life Insurance
The Regulation of Solvency and its Effect on the Emergence
of Profit
Life Office Risks and Risk Management
The Actuarial Role in Life Office Management

Introduction to General Insurance
General Insurance Accounts
Premium Rating

Types of Pension Plan
Actuarial Modeling of Defined-Benefit Plans
Investment Strategies for Defined-Benefit Plans
Individual Pension Choices

An Introduction to Health Insurance
Income Protection Insurance
Critical Illness
Long-Term Care
Private Medical Insurance

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