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Actuarial Models: The Mathematics of Insurance, Second Edition thoroughly covers the basic models of insurance processes. It also presents the mathematical frameworks and methods used in actuarial modeling. This second edition provides an even smoother, more robust account of the main ideas and models, preparing students to take exams of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).New to the Second EditionRevises all chapters, especially material on the surplus process Takes into account new results and current trends in teaching actuarial modeling Presents a new chapter on pension models Includes new problems from the 20112013 CAS examinationsLike its bestselling, widely adopted predecessor, this edition is designed for students, actuaries, mathematicians, and researchers interested in insurance processes and economic and social models. The author offers three clearly marked options for using the text. The first option includes the basic material for a onesemester undergraduate course, the second provides a more complete treatment ideal for a twosemester course or selfstudy, and the third covers more challenging topics suitable for graduatelevel readers.
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