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<ul> <li>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 &#64257;nance.</li> </ul> <ul> <li>New edition restructures the material to &#64257;t into modern computational methods and provides several spreadsheet examples throughout.</li> </ul> <ul> <li>Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies</li> </ul> <ul> <li>Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.</li> </ul>

Fundamentals of Actuarial Mathematics

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