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"The publication of the first edition of Modern Actuarial Theory and Practice in 1998 marked an important step in the emergence of new actuarial textbooks in the English language providing an introduction to the practical applications of modern development in actuarial science across a range of practice areasThe new edition of Modern Actuarial Theory and Practice will offer valuable additional study material to those preparing for the Core Applications examination of the U.K. actuarial profession, and similar-level studies in other countries, as well as being a convenient general textbook for every qualified actuary to have on their bookshelf. I congratulate the authors on bringing the material together for this book and hope that it will be widely used by students and by qualified actuaries around the world." - From the Foreword by Chris Daykin, CB, MA, FIA, Chairman, Education Committee of the Groupe Consultatif
Product Description
In 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.
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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7 of 7 people found the following review helpful
Everything you ever wanted to know about actuarial science
23 Mar 2008
Format:Hardcover
"Modern Actuarial Theory and Practice" is an excellent reference book for actuaries and advanced actuarial students. It provides up to date overviews of all of the main issues in the traditional areas of actuarial science, that is, investments, life insurance, general insurance (a.k.a. property and casualty insurance), pensions and health insurance, with a reference list given at the end of each chapter, to allow the reader to pursue the topic further, if so desired. Each topic is clearly explained, and the detailed index and table of contents make it easy to find what you are looking for.
This is a British text book, which was written in the context of the U.K. financial and insurance environments. However, most of the topics covered in this book are universal and as an Australian, I found this book to be just as useful as if it had been written for people in my country.
Be aware that the authors' purpose in writing this book appears to be to provide a reference for practicing actuaries or students who are about to commence practicing as an actuary. As a result, there are only a few worked examples throughout this book and no practice exercises. I am currently doing a PhD in actuarial studies, and I am also a lecturer in actuarial studies at an Australian university. I found this book to be exactly what I needed to assist me in my PhD. However, most of the material in this text is too advanced for my final year undergraduate actuarial students.
This is a British text book, which was written in the context of the U.K. financial and insurance environments. However, most of the topics covered in this book are universal and as an Australian, I found this book to be just as useful as if it had been written for people in my country.
Be aware that the authors' purpose in writing this book appears to be to provide a reference for practicing actuaries or students who are about to commence practicing as an actuary. As a result, there are only a few worked examples throughout this book and no practice exercises. I am currently doing a PhD in actuarial studies, and I am also a lecturer in actuarial studies at an Australian university. I found this book to be exactly what I needed to assist me in my PhD. However, most of the material in this text is too advanced for my final year undergraduate actuarial students.
0 of 3 people found the following review helpful
excellent book
21 Oct 2008
Format:Hardcover
I'm very satisfiled with the book. So many useful stuff in one place. Recommending to anybody like insurance business.
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