| Description |
xvii, 217 pages : illustration ; 25 cm |
| Contents |
1. The Mathematics of Compound Interest -- 2. The Future Lifetime of a Life Aged x -- 3. Life Insurance -- 4. Life Annuities -- 5. Net Premiums -- 6. Net Premium Reserves -- 7. Multiple Decrements -- 8. Multiple Life Insurance -- 9. The Total Claim Amount in a Portfolio -- 10. Expense Loadings -- 11. Estimating Probabilities of Death -- App. A. Commutation Functions -- App. B. Simple Interest -- App. C. Exercises -- App. D. Solutions |
| Summary |
This concise introduction to life contingencies, the theory behind the actuarial work around life insurance and pension funds, will appeal to the reader who likes applied mathematics. In addition to the model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from observations. The probabilistic model is used consistently throughout the book. Numerous exercises (with answers and solutions) have been added, for this third edition several misprints have been corrected |
| Notes |
"Swiss Association of Actuaries Zürich." |
| Bibliography |
Includes bibliographical references (pages [213]-214) and index |
| Subject |
Life insurance -- Mathematics.
|
| Author |
Cox, Samuel H., Jr.
|
|
Vereinigung Schweizerischer Versicherungsmathematiker.
|
| LC no. |
97001007 |
| ISBN |
354062242X (Berlin : acid-free paper) |
|
