Actuarial Principles: Lifetables and Mortality Models explores the core of actuarial science: the study of mortality and other risks and applications. Including 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, why actuarial notation has become universal, and how 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. Provides detailed coverage of life contingency risks and survival models Presents self-contained chapters with coverage of key topics from both practitioner and theoretical viewpoints Includes numerous real world exercises that are accompanied by enlightening solutions Covers useful background information on how and why the subject has evolved and developed

This text covers the actuarial principles and techniques used in finance and insurance including probability models, financial mathematics, non-life insurance, pensions, wealth management, and economics and accounting as applied to the financial and actuarial management of risk based products such as life insurance. It is an introductory text for students with a strong interest and ability in mathematics who wish to understand the modelling of insurance and financial risk and actuarial techniques. This customised eBook has been created with the content you need for your studies. Due to the process used to produce this customised eBook, it doesn't offer the same functionality available in other Cengage eBooks, including read aloud and copy text.

A wide range of topics give students a firm foundation in statistical and actuarial concepts and their applications.