Modern Actuarial Theory and Practice, Second Edition

By in Insurance Law on March 9, 2013

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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.

2 thoughts on “Modern Actuarial Theory and Practice, Second Edition

  1. Genevieve Hayes
    1
    7 of 7 people found the following review helpful
    5.0 out of 5 stars
    Everything you ever wanted to know about actuarial science, March 22, 2008
    By 
    Genevieve Hayes (Australia) –
    (REAL NAME)
      

    This review is from: Modern Actuarial Theory and Practice, Second Edition (Hardcover)

    “Modern Actuarial Theory and Practice” is an excellent reference book for actuaries and advanced actuarial students. It provides up to date overviews of all of the main issues in the traditional areas of actuarial science, that is, investments, life insurance, general insurance (a.k.a. property and casualty insurance), pensions and health insurance, with a reference list given at the end of each chapter, to allow the reader to pursue the topic further, if so desired. Each topic is clearly explained, and the detailed index and table of contents make it easy to find what you are looking for.

    This is a British text book, which was written in the context of the U.K. financial and insurance environments. However, most of the topics covered in this book are universal and as an Australian, I found this book to be just as useful as if it had been written for people in my country.

    Be aware that the authors’ purpose in writing this book appears to be to provide a reference for practicing actuaries or students who are about to commence practicing as an actuary. As a result, there are only a few worked examples throughout this book and no practice exercises. I am currently doing a PhD in actuarial studies, and I am also a lecturer in actuarial studies at an Australian university. I found this book to be exactly what I needed to assist me in my PhD. However, most of the material in this text is too advanced for my final year undergraduate actuarial students.

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  2. 2
    0 of 4 people found the following review helpful
    5.0 out of 5 stars
    excellent book, October 21, 2008
    By 
    Enver Avdic
    (REAL NAME)
      

    This review is from: Modern Actuarial Theory and Practice, Second Edition (Hardcover)

    I’m very satisfiled with the book. So many useful stuff in one place. Recommending to anybody like insurance business.

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