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Modern actuarial theory and practice. (English) Zbl 0935.62117

London: Chapman & Hall. xiii, 716 p. (1999).
From the authors’ abstract: The present textbook “describes the traditional areas of actuarial activity with an emphasis on the fundamental principles, as well as the economic, financial, and statistical foundations of actuarial theory and practice. Information is presented in five interconnected sections: Investment, Life Insurance, General Insurance, Pensions, Actuarial Models.”
Reviewer’s remark: The mathematical prerequisites required are on an undergraduate level. Neither modern risk theory nor theory of finance are dealt with.

MSC:

62P05 Applications of statistics to actuarial sciences and financial mathematics
62-01 Introductory exposition (textbooks, tutorial papers, etc.) pertaining to statistics
91B30 Risk theory, insurance (MSC2010)
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