Actuarial Mathematics for Life Contingent Risks

Rezensionen / Stimmen

'Some decades ago, Life Contingencies were viewed as the boring part of actuarial mathematics. The third (substantially enlarged) edition of this classic is proof of how wrong that view was. Some of the most exciting developments of our field are taking place here. The authors are to be congratulated on having made the latter abundantly clear. This surely is my desert island book on the topic!' Paul Embrechts, Emeritus Professor of Insurance Mathematics, ETH Zurich Review of the second edition: 'This book is an excellent textbook for undergraduate, master's level graduate students, and practitioners. It is easy to read, clearly written, and mathematically rigorous. The authors clearly emphasize important concepts and equations, helping readers to the see the forest from the trees. For example they box important formulas and present in bold type assumptions, formulas, statements, examples, and solutions. Many graphs, figures and tables compete a useful summary for the reader's convenience.' Kissop Lee, The American Statistician Review of the second edition: 'The book is well written and the content is generally quite accessible ... The content focuses on examples of practical actuarial work through use of spreadsheets ... Overall, the book provides a good framework in life insurance contingencies so as to cover mortality, longevity interest rate modeling, pricing and guarantees. The strength of the book lies in the fact that this is the 2nd edition and reflects modern actuarial methods that have become popular since the last edition was published.' Gautam Kakar, Annals of Actuarial Science Review of the first edition: 'The book is well written, well organized, and easy to read. It may be an excellent textbook for both undergraduate and graduate programs in actuarial science. It is also a rich source of useful information for practitioners of the actuarial profession and financial risk managers who seek a practical and inspiring guide to liability cash flow modeling and valuation.' Scandinavian Actuarial Journal