Modern Actuarial Theory and Practice - Hardcover

"The publication of the first edition of Modern Actuarial Theory and Practice in 1998 marked an important step in the emergence of new actuarial textbooks in the English language providing an introduction to the practical applications of modern development in actuarial science across a range of practice areasThe new edition of Modern Actuarial Theory and Practice will offer valuable additional study material to those preparing for the Core Applications examination of the U.K. actuarial profession, and similar-level studies in other countries, as well as being a convenient general textbook for every qualified actuary to have on their bookshelf. I congratulate the authors on bringing the material together for this book and hope that it will be widely used by students and by qualified actuaries around the world." - From the Foreword by Chris Daykin, CB, MA, FIA, Chairman, Education Committee of the Groupe Consultatif

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.