Modern Actuarial Theory and Practice, Second EditionIn the years since the publication of the best-selling first edition, the incorporation of ideas and theories from the rapidly growing field of financial economics has precipitated considerable development of thinking in the actuarial profession. Modern Actuarial Theory and Practice, Second Edition integrates those changes and presents an up-to-date, comprehensive overview of UK and international actuarial theory, practice and modeling. It describes all of the traditional areas of actuarial activity, but in a manner that highlights the fundamental principles of actuarial theory and practice as well as their economic, financial, and statistical foundations. |
Contents
The Widening Scope of Actuarial Theory and Practice | 3 |
Investments and Valuation | 23 |
General Principles of Asset Allocation | 65 |
Investment Risk | 127 |
Portfolio Selection Techniques and Investment Modeling | 143 |
Life Insurance | 195 |
Fundamental Features of Life Insurance | 197 |
Nonparticipating Life Insurance | 219 |
Premium Rating | 403 |
Reinsurance | 449 |
Reserving | 491 |
Pensions | 557 |
Types of Pension Plan | 559 |
Actuarial Modeling of DefinedBenefit Plans | 579 |
Investment Strategies for DefinedBenefit Plans | 635 |
Individual Pension Choices | 663 |
Participating Life Insurance | 253 |
The Regulation of Solvency and its Effect on the Emergence of Profit | 281 |
Life Office Risks and Risk Management | 303 |
The Actuarial Role in Life Office Management | 339 |
General Insurance | 367 |
Introduction to General Insurance | 369 |
General Insurance Accounts | 389 |
Health Insurance | 693 |
An Introduction to Health Insurance | 695 |
Income Protection Insurance | 705 |
Critical Illness | 727 |
LongTerm Care | 747 |
Private Medical Insurance | 765 |
Other editions - View all
Common terms and phrases
accumulated active members adverse selection amount annuity approach asset shares assumed assumptions bank basis bonus calculated capital cash flows chain ladder chain ladder method Chapter class of business contract contribution rate cost cover defined development period discounted discussed distribution dividend yield equity estimate example expected return expenses exposure factors formula function future government bonds guaranteed income increase index-linked individual inflation Institute of Actuaries insurance companies interest rates investment policy investment returns investment risk investor liabilities long-term loss method modern portfolio theory mortality normally option paid parameters payments pension fund Period of origin policyholders portfolio premium rates present value profit projected proportion quota share random variable rate of return real-estate reinsurance reserves retirement risk measures risk premium salary Section shareholders solvency standard statutory stochastic surplus Table term underwriting unit-linked valuation variable Wilkie with-profits with-profits policy
References to this book
Strategische stochastische Investmentmodelle für den deutschen Kapitalmarkt Elke Eberts No preview available - 2002 |