Actuarial Mathematics for Life Contingent Risks 3rd Edition, 9781108478083

For advanced undergraduate and graduate students studying actuarial science, trainee actuaries getting ready for professional actuarial exams, and life insurance professionals looking to improve or refresh their technical knowledge, the third edition of the widely used book Actuarial Mathematics for Life Contingent Risks has been significantly updated. Together with mathematical theory, the writers offer readers clear explanations that enable them to comprehend the subject matter thoroughly enough to use it in practical settings and modify their findings in response to shifting insurance regulations. Modern actuarial paradigms that are necessary for handling the ever-increasing complexity of long-term insurance products of today are covered, including option theory, cash-flow projection techniques, and multiple state models.