Life Insurance Mathematics - Hardcover

Gerber, Hans U.; Cox, S.H.

Hardcover

ISBN 10: 3540588582 ISBN 13: 9783540588580

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K, 1995

Synopsis

This introduction to life contingencies, the theory behind the actuarial work involving life insurance and pension funds, is written for the reader who likes applied mathematics. In addition to the model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from observations. The probabilistic model is used consistently whilst the traditional deterministic model is avoided. Emphasis is put on the general ideas, which are illustrated by means of examples and interpretations. Recursive fomulae and reasoning are discussed in detail. For this edition, many examples and exercises have been added.

About this title

From the Back Cover

This concise introduction to life contingencies, the theory behind the actuarial work around life insurance and pension funds, will appeal to the reader who likes applied mathematics. In addition to model of life contingencies, the theory of compound interest is explained and it is shown how mortality and other rates can be estimated from observations. The probabilistic model is used consistently throughout the book. Numerous exercises (with answers and solutions) have been added, and for this third edition several misprints have been corrected.

Edition details

• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
• Publication date: 1995
• Language: English
• ISBN 10: 3540588582
• ISBN 13: 9783540588580
• Binding: Hardcover
• Edition number: 2
• Number of pages: 232