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Life Insurance Mathematics

by W. Neuhaus
Hans U. Gerber
S.H. Cox

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 ar...

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Financial Risk in Insurance

by G. Ottaviani

'This book, published with the contribution of INA (National Insurance Institute), contains the ''invited contributions'' presented at the 3rd International AFIR Colloquium, held in Rome 1993. The colloquium was aimed at encouraging research on the theoretical bases of actuarial sciences, with reference to the standpoints of the theory of finance and of corporate finance, together with mathematical methods, probability and the theory of stochastic processes. In the spirit of actuarial tradition,...

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