Required text for the Society of Actuaries Exam MLC. Exercises, including long-answer and multiple choice questions, are included. Emphasizes practical applications using computational techniques, and includes multiple state models, emerging cash flows, embedded options, discrete time Markov processes, models involving joint lives, and universal life insurance and participating traditional insurance.
NOTE - located in the Business Library. Can check out from that library, or request and have delivered to Gemmill within 24 hours.
This must-have manual provides solutions to all exercises in Dickson, Hardy and Waters' Actuarial Mathematics for Life Contingent Risks, the groundbreaking text on the modern mathematics of life insurance that is the required reading for the SOA Exam MLC and also covers more or less the whole syllabus for the UK Subject CT5 exam. The more than 150 exercises are designed to teach skills in simulation and projection through computational practice, and the solutions are written to give insight as well as exam preparation.
Introduction to how investments vary over time. Topics include arbitrage, options, futures, and swaps. Includes instruction on how to use the Texas Instruments BA II Plus and BA II Plus Professional calculators. Useful to those pursuing actuarial careers. Recommended for the Society of Actuaries/Casualty Actuarial Society FM/2 exam.
Covers the basic probability of distributions with an emphasis on applications from the areas of investments, insurance, and engineering. Covers specialized topics such as mixtures and compound distributions, distributions of transformations, and the application of specialized distributions such as the Pareto, beta, and Weibull. Helpful for students preparing for professional exams. Includes problems to practice solving.