Actuarial Models The Mathematics of Insurance Second Edition by Vladimir Rotar ISBN 978-1482227062 1482227061
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Product details:
ISBN 10: 1482227061
ISBN 13: 978-1482227062
Author: Vladimir I. Rotar
Actuarial Models: The Mathematics of Insurance, Second Edition thoroughly covers the basic models of insurance processes. It also presents the mathematical frameworks and methods used in actuarial modeling. This second edition provides an even smoother, more robust account of the main ideas and models, preparing students to take exams of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
New to the Second Edition
Revises all chapters, especially material on the surplus process
Takes into account new results and current trends in teaching actuarial modeling
Presents a new chapter on pension models
Includes new problems from the 2011-2013 CAS examinations
Like its best-selling, widely adopted predecessor, this edition is designed for students, actuaries, mathematicians, and researchers interested in insurance processes and economic and social models. The author offers three clearly marked options for using the text. The first option includes the basic material for a one-semester undergraduate course, the second provides a more complete treatment ideal for a two-semester course or self-study, and the third covers more challenging topics suitable for graduate-level readers.
Table of contents:
Chapter 0. Preliminary Facts from Probability and Interest
Chapter 1. Comparison of Random Variables. Preferences of Individuals
Chapter 2. An Individual Risk Model for a Short Period
Chapter 3. A Collective Risk Model for a Short Period
Chapter 4. Random Processes and their Applications I
Chapter 5. Random Processes and their Applications II
Chapter 6. Global Characteristics of the Surplus Process
Chapter 7. Survival Distributions
Chapter 8. Life Insurance Models
Chapter 9. Annuity Models
Chapter 10. Premiums and Reserves
Chapter 11. Pension Plans
Chapter 12. Risk Exchange: Reinsurance and Coinsurance
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