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Author : Arthur W. Anderson
Publisher : ACTEX Publications
Page : 305 pages
File Size : 41,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781566985598
Author : Dominique Beckers
Publisher : Wolters Kluwer Belgium
Page : 176 pages
File Size : 48,9 Mb
Release : 2017
Category : Electronic
ISBN : 9789046597408
Author : Howard E. Winklevoss
Publisher : University of Pennsylvania Press
Page : 342 pages
File Size : 48,5 Mb
Release : 1993-03-29
Category : Business & Economics
ISBN : 0812231961
A text that quantifies and provides new or improved actuarial notation for long recognized pension cost concepts and procedures and, in certain areas, develops new insights and techniques. With the exception of the first few chapters, the text is a virtual rewrite of the first edition of 1977. Among the major additions are chapters on statutory funding requirements, pension accounting, funding policy analysis, asset allocation, and retiree health benefits.
Author : Keith P. Sharp
Publisher : Unknown
Page : 187 pages
File Size : 40,5 Mb
Release : 2006
Category : Insurance
ISBN : 1566984106
Author : Philip Martin McCaulay
Publisher : Independently Published
Page : 0 pages
File Size : 49,8 Mb
Release : 2024-01-03
Category : Mathematics
ISBN : 9798873872305
"Essential Pension Actuarial Mathematics" is a comprehensive and invaluable resource for pension actuaries and actuarial students seeking a deep understanding of the mathematical principles and techniques essential in the field of pension actuarial science. Authored by experts in the field, this book covers a wide range of topics relevant to pension actuarial practice. Part I - Interest and Mortality: Mortality Rates and Survival Functions: This section introduces the fundamental concepts of mortality rates and survival functions, which are essential for assessing life expectancies and mortality risks in pension calculations. The Theory of Interest: Explore the theory of interest, including accumulation factors, compound interest accumulation functions, and interest discount factors. Gain insights into the mathematical foundation of interest rate calculations critical for pension actuaries. Commutation Functions and Life Annuity Factors: Delve into commutation functions and life annuity factors, which are vital tools for estimating pension payouts and assessing actuarial liabilities. Part II - Cost Methods: 4. Unit Credit (UC) Cost Method: Understand the Unit Credit cost method, one of the essential techniques for calculating pension costs and liabilities, especially in defined benefit pension plans. Projected Unit Credit (PUC) Cost Method: Explore the Projected Unit Credit cost method, which provides a more sophisticated approach to estimating pension obligations based on projected salaries and service. Entry Age Normal (EAN) Cost Method: Learn about the Entry Age Normal cost method, an individualized approach to determining pension costs and liabilities, considering participants' entry ages. Aggregate Cost Method: Discover the Aggregate Cost method, which helps assess pension costs as a percentage of payroll, providing insights into group-based pension plans. Part III - Amortization and Contributions: 8. Calculating Amortization Periods: Gain insights into calculating amortization periods, a crucial step in managing unfunded pension liabilities and contributions. Formulas for Amortization Factors: Explore the formulas for amortization factors, which facilitate the determination of contributions needed to fund pension plan deficits. Part IV - Duration and Convexity: 10. Duration: Understand the concept of duration, a critical measure for assessing the sensitivity of pension liabilities to changes in interest rates. Convexity: Explore convexity, which provides a deeper understanding of how pension liabilities respond to interest rate movements, including the concept of negative convexity. Negative Convexity: Learn about negative convexity and its implications for pension actuaries, especially in cases where certain pension securities exhibit non-linear price responses to interest rate changes. Exercise Sets: Each part includes exercise sets designed to reinforce the understanding of the presented concepts and allow readers to apply their knowledge. Comprehensive Coverage: "Essential Pension Actuarial Mathematics" provides a comprehensive and in-depth exploration of essential topics in pension actuarial mathematics, making it an invaluable reference for both experienced pension actuaries and actuarial students. Practical Application: The book not only explains theoretical concepts but also focuses on their practical application in pension actuarial practice, helping readers bridge the gap between theory and real-world scenarios.
Author : David C. M. Dickson,Mary R. Hardy,Howard R. Waters
Publisher : Cambridge University Press
Page : 180 pages
File Size : 47,9 Mb
Release : 2012-03-26
Category : Business & Economics
ISBN : 9781107608443
"This manual presents solutions to all exercises from Actuarial Mathematics for Life Contingent Risks (AMLCR) by David C.M. Dickson, Mary R. Hardy, Howard Waters; Cambridge University Press, 2009. ISBN 9780521118255"--Pref.
Author : Philip Martin McCaulay
Publisher : CreateSpace
Page : 40 pages
File Size : 40,8 Mb
Release : 2014-04-23
Category : Mathematics
ISBN : 1499247168
This 40-page publication on pension actuarial mathematics covers topics such as (I) interest and mortality, (II) cost methods, (III) amortization and contributions, and (IV) Duration and Convexity. Part I on interest and mortality includes mortality rates and survival functions, the theory of interest, commutation functions, and life annuity factors. Part II on cost methods includes the Unit Credit (UC) Cost Method, the Projected Unit Credit (PUC) Cost Method, the Entry Age Normal (EAN) Cost Method, and the Aggregate Cost Method. Part III on amortization and contributions includes calculating amortization periods, formulas for amortization factors, and contribution requirements. Part IV has formulas and examples for Duration and Convexity. Each of the four parts has an exercise set with an answer key and explanations.
Author : Subramaniam Iyer
Publisher : International Labour Organization
Page : 152 pages
File Size : 49,6 Mb
Release : 1999
Category : Political Science
ISBN : 922110866X
Describes the application of actuarial principles and techniques to public social insurance pension schemes. Aims to establish a link between public social security and occupational pension scheme methods. Part one discusses actuarial theory. Part two deals with two techniques: the projection technique, and the present value technique. There is also a brief description of actuarial mathematics.
Author : Ermanno Pitacco,Michel Denuit,Steven Haberman,Annamaria Olivieri
Publisher : Oxford University Press
Page : 416 pages
File Size : 45,7 Mb
Release : 2009-01-29
Category : Business & Economics
ISBN : 9780199547272
A text aimed at researchers and postgraduates actuarial science, statistics, and actuarial mathematics providing a comprehensive and detailed description of statistical methods for projecting mortality, and an extensive discussion of some important issues concerning the longevity risk in the area of life annuities and pension benefits.
Author : S. David Promislow
Publisher : John Wiley & Sons
Page : 390 pages
File Size : 42,6 Mb
Release : 2011-01-06
Category : Mathematics
ISBN : 9780470978078
This book provides a comprehensive introduction to actuarial mathematics, covering both deterministic and stochastic models of life contingencies, as well as more advanced topics such as risk theory, credibility theory and multi-state models. This new edition includes additional material on credibility theory, continuous time multi-state models, more complex types of contingent insurances, flexible contracts such as universal life, the risk measures VaR and TVaR. Key Features: Covers much of the syllabus material on the modeling examinations of the Society of Actuaries, Canadian Institute of Actuaries and the Casualty Actuarial Society. (SOA-CIA exams MLC and C, CSA exams 3L and 4.) Extensively revised and updated with new material. Orders the topics specifically to facilitate learning. Provides a streamlined approach to actuarial notation. Employs modern computational methods. Contains a variety of exercises, both computational and theoretical, together with answers, enabling use for self-study. An ideal text for students planning for a professional career as actuaries, providing a solid preparation for the modeling examinations of the major North American actuarial associations. Furthermore, this book is highly suitable reference for those wanting a sound introduction to the subject, and for those working in insurance, annuities and pensions.
Author : S. David Promislow
Publisher : John Wiley & Sons
Page : 552 pages
File Size : 52,8 Mb
Release : 2015-01-20
Category : Mathematics
ISBN : 9781118782460
Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical finance. New edition restructures the material to fit into modern computational methods and provides several spreadsheet examples throughout. Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.
Author : David C. M. Dickson,Mary R. Hardy,Howard R. Waters
Publisher : Cambridge University Press
Page : 785 pages
File Size : 49,7 Mb
Release : 2019-12-19
Category : Business & Economics
ISBN : 9781108478083
This very readable book prepares students for professional exams and for real-world actuarial work in life insurance and pensions.
Author : David C. M. Dickson,Mary R. Hardy,Howard R. Waters
Publisher : Cambridge University Press
Page : 305 pages
File Size : 54,6 Mb
Release : 2020-04-30
Category : Business & Economics
ISBN : 9781108747615
Must-have manual providing detailed solutions to all exercises in the required text for the Society of Actuaries' (SOA) LTAM Exam.
Author : Barnet N. Berin
Publisher : Unknown
Page : 138 pages
File Size : 40,9 Mb
Release : 1978
Category : Annuities
ISBN : UOM:35128000792570
Author : Harry H. Panjer,American Mathematical Society
Publisher : American Mathematical Soc.
Page : 143 pages
File Size : 50,5 Mb
Release : 1986
Category : Political Science
ISBN : 9780821800966
These lecture notes from the 1985 AMS Short Course examine a variety of topics from the contemporary theory of actuarial mathematics. Recent clarification in the concepts of probability and statistics has laid a much richer foundation for this theory. Other factors that have shaped the theory include the continuing advances in computer science, the flourishing mathematical theory of risk, developments in stochastic processes, and recent growth in the theory of finance. In turn, actuarial concepts have been applied to other areas such as biostatistics, demography, economic, and reliability engineering.