Actuarial Principles: Lifetables and Mortality Models
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Actuarial Principles: Lifetables and Mortality Models explores the core of actuarial science: the study of mortality and other risks, and especially their applications. Following the CT4 and CT5 UK courses, but applicable to a global audience, this work lightly covers the mathematical and theoretical background of the subject, to focus on real life practice. It offers a brief history of the field; the reason why actuarial notation has become universal; and how the theory can be applied to many situations. Uniquely covering both life contingency risks and survival models, the text provides numerous exercises (and their solutions), along with complete self-contained real-world assignments.
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