Life Insurance Mathematics, 3rd Edition With Exercises Contributed by Samuel H. Cox
Hans U. Gerber


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This book is highly recommended for those who are interested in life insurance and superannuation models. It outlines various topics such as the actuarial mathematics and models for use in the analysis and actuarial management of life insurance and superannuation contracts. Topics covered include: the main forms of life insurance and annuity contracts, disability and long term care contracts and superannuation fund benefits; actuarial notation and the life table; moments of the value of the benefit payments; Thiele's differential equation for policy values; stochastic modelling of claims and benefit payments; gross premiums, net premiums, policy values and reserves; allowing for expenses and inflation; use of discounted emerging costs and profit tests; asset shares in life insurance; termination and alteration values; cost of guarantees; joint life functions; valuation of disability insurance contracts. If you are studying actuarial subjects that involve any of the above concepts then this book is recommended. Included are many questions with answers.

Saturday, 05-Jul-2008 18:31:17 CDT
Quote of the Day:


(German philosopher) Georg Wilhelm Hegel, on his deathbed, complained,

"Only one man ever understood me." He fell silent for a while and then added,
"And he didn't understand me."

Although the moon is smaller than the earth, it is farther away.