Description
Taylor & Francis Ltd Modern Actuarial Theory And Practice Second Edition 2004 Edition by Philip Booth, Robert Chadburn
In the years since the publication of the best-selling first edition, the incorporation of ideas and theories from the rapidly growing field of financial economics has precipitated considerable development of thinking in the actuarial profession. Modern Actuarial Theory and Practice, Second Edition integrates those changes and presents an up-to-date, comprehensive overview of UK and international actuarial theory, practice and modeling. It describes all of the traditional areas of actuarial activity, but in a manner that highlights the fundamental principles of actuarial theory and practice as well as their economic, financial, and statistical foundations. INVESTMENTThe Widening Scope of Actuarial Theory and PracticeInvestments and ValuationGeneral Principles of Asset AllocationInvestment RiskPortfolio Selection Techniques and Investment ModelingLIFE INSURANCEFundamental Features of Life InsuranceNonparticipating Life InsuranceParticipating Life InsuranceThe Regulation of Solvency and its Effect on the Emergence of ProfitLife Office Risks and Risk ManagementThe Actuarial Role in Life Office ManagementGENERAL INSURANCEIntroduction to General InsuranceGeneral Insurance AccountsPremium RatingReinsuranceReservingPENSIONSTypes of Pension PlanActuarial Modeling of Defined-Benefit PlansInvestment Strategies for Defined-Benefit PlansIndividual Pension ChoicesHEALTH INSURANCEAn Introduction to Health InsuranceIncome Protection InsuranceCritical IllnessLong-Term CarePrivate Medical Insurance