An Introduction to Actuarial Mathematics

2002
ISBN: 978-1-4020-0460-5
Verlag: Springer Netherlands

Buch, Englisch, 350 Seiten, Format (B × H): 160 mm x 241 mm, Gewicht: 1520 g

Reihe: Mathematical Modelling: Theory and Applications

to Actuarial Mathematics by A. K. Gupta Bowling Green State University, Bowling Green, Ohio, U. S. A. and T. Varga National Pension Insurance Fund. Budapest, Hungary SPRINGER-SCIENCE+BUSINESS MEDIA, B. V. A C. I. P. Catalogue record for this book is available from the Library of Congress. ISBN 978-90-481-5949-9 ISBN 978-94-017-0711-4 (eBook) DOI 10. 1007/978-94-017-0711-4 Printed on acid-free paper All Rights Reserved © 2002 Springer Science+Business Media Dordrecht Originally published by Kluwer Academic Publishers in 2002 No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the copyright owner. To Alka, Mita, and Nisha AKG To Terezia and Julianna TV TABLE OF CONTENTS PREFACE. ix CHAPTER 1. FINANCIAL MATHEMATICS. 1 1. 1. Compound Interest. 1 1. 2. Present Value. 31 1. 3. Annuities. 48 CHAPTER 2. MORTALITy. 80 2. 1Survival Time. 80 2. 2. Actuarial Functions of Mortality. 84 2. 3. Mortality Tables. 98 CHAPTER 3. LIFE INSURANCES AND ANNUITIES. 112 3. 1. Stochastic Cash Flows. 112 3. 2. Pure Endowments. 130 3. 3. Life Insurances. 133 3. 4. Endowments. 147 3. 5. Life Annuities. 154 CHAPTER 4. PREMIUMS. 194 4. 1. Net Premiums. 194 4. 2. Gross Premiums. 215 Vll CHAPTER 5. RESERVES. 223 5. 1. Net Premium Reserves. 223 5. 2. Mortality Profit. 272 5. 3. Modified Reserves. 286 ANSWERS TO ODD-NuMBERED PROBLEMS.

Zielgruppe

Research

Autoren/Hrsg.

Varga, Tamas

Gupta, Arjun K.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Betriebswirtschaft: Theorie & Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Versicherungswirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsmathematik und -statistik
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Inhaltsverzeichnis

1. Financial Mathematics.- 2. Mortality.- 3. Life Insurances and Annuities.- 4. Premiums.- 5. reserves.- Answers to Odd-Numbered Problems.- Appendix 1. Compound Interest Tables.- Appendix 2. Illustrative Mortality Table.- References.- Symbol Index.