Download or read book The Mathematical Theory of Pension Plans and Group Insurance written by Willis W. Burgess and published by . This book was released on 1950 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Insurance Mathematics written by Hans U. Gerber and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Halley's Comet has been prominently displayed in many newspapers during the last few months. For the first time in 76 years it appeared this winter, the nocturnal sky. This is an appropriate occasion to clearly visible against point out the fact that Sir Edmund Halley also constructed the world's first life table in 1693, thus creating the scientific foundation of life insurance. Halley's life table and its successors were viewed as deterministic laws, i. e. the number of deaths in any given group and year was considered to be a well defined number that could be calculated by means of a life table. However, in reality this number is random. Thus any mathematical treatment of life insurance will have to rely more and more on probability theory. By sponsoring this monograph the Swiss Association of Actuaries wishes to support the "modern" probabilistic view of life contingencies. We are fortu nate that Professor Gerber, an internationally renowned expert, has assumed the task of writing the monograph. We thank the Springer-Verlag and hope that this monograph will be the first in a successful series of actuarial texts. Zurich, March 1986 Hans Biihlmann President Swiss Association of Actuaries Preface Two major developments have influenced the environment of actuarial math ematics. One is the arrival of powerful and affordable computers; the once important problem of numerical calculation has become almost trivial in many instances.
Download or read book Pension Mathematics for Actuaries written by Arthur W. Anderson and published by ACTEX Publications. This book was released on 2006 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Mathematics with Numerical Illustrations written by Howard E. Winklevoss and published by University of Pennsylvania Press. This book was released on 1993-03-29 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: A text that quantifies and provides new or improved actuarial notation for long recognized pension cost concepts and procedures and, in certain areas, develops new insights and techniques. With the exception of the first few chapters, the text is a virtual rewrite of the first edition of 1977. Among the major additions are chapters on statutory funding requirements, pension accounting, funding policy analysis, asset allocation, and retiree health benefits.
Download or read book Pension Mathematics with Numerical Illustrations written by Howard E. Winklevoss and published by Richard D. Irwin. This book was released on 1977 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essential Pension Actuarial Mathematics written by Philip Martin McCaulay and published by Independently Published. This book was released on 2024-01-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Essential Pension Actuarial Mathematics" is a comprehensive and invaluable resource for pension actuaries and actuarial students seeking a deep understanding of the mathematical principles and techniques essential in the field of pension actuarial science. Authored by experts in the field, this book covers a wide range of topics relevant to pension actuarial practice. Part I - Interest and Mortality: Mortality Rates and Survival Functions: This section introduces the fundamental concepts of mortality rates and survival functions, which are essential for assessing life expectancies and mortality risks in pension calculations. The Theory of Interest: Explore the theory of interest, including accumulation factors, compound interest accumulation functions, and interest discount factors. Gain insights into the mathematical foundation of interest rate calculations critical for pension actuaries. Commutation Functions and Life Annuity Factors: Delve into commutation functions and life annuity factors, which are vital tools for estimating pension payouts and assessing actuarial liabilities. Part II - Cost Methods: 4. Unit Credit (UC) Cost Method: Understand the Unit Credit cost method, one of the essential techniques for calculating pension costs and liabilities, especially in defined benefit pension plans. Projected Unit Credit (PUC) Cost Method: Explore the Projected Unit Credit cost method, which provides a more sophisticated approach to estimating pension obligations based on projected salaries and service. Entry Age Normal (EAN) Cost Method: Learn about the Entry Age Normal cost method, an individualized approach to determining pension costs and liabilities, considering participants' entry ages. Aggregate Cost Method: Discover the Aggregate Cost method, which helps assess pension costs as a percentage of payroll, providing insights into group-based pension plans. Part III - Amortization and Contributions: 8. Calculating Amortization Periods: Gain insights into calculating amortization periods, a crucial step in managing unfunded pension liabilities and contributions. Formulas for Amortization Factors: Explore the formulas for amortization factors, which facilitate the determination of contributions needed to fund pension plan deficits. Part IV - Duration and Convexity: 10. Duration: Understand the concept of duration, a critical measure for assessing the sensitivity of pension liabilities to changes in interest rates. Convexity: Explore convexity, which provides a deeper understanding of how pension liabilities respond to interest rate movements, including the concept of negative convexity. Negative Convexity: Learn about negative convexity and its implications for pension actuaries, especially in cases where certain pension securities exhibit non-linear price responses to interest rate changes. Exercise Sets: Each part includes exercise sets designed to reinforce the understanding of the presented concepts and allow readers to apply their knowledge. Comprehensive Coverage: "Essential Pension Actuarial Mathematics" provides a comprehensive and in-depth exploration of essential topics in pension actuarial mathematics, making it an invaluable reference for both experienced pension actuaries and actuarial students. Practical Application: The book not only explains theoretical concepts but also focuses on their practical application in pension actuarial practice, helping readers bridge the gap between theory and real-world scenarios.
Download or read book University of Michigan Official Publication written by and published by UM Libraries. This book was released on 1955 with total page 1006 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oxford Handbook of Pensions and Retirement Income written by Gordon L. Clark and published by Oxford University Press, USA. This book was released on 2006-07-20 with total page 954 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook draws on research from a range of academic disciplines to reflect on the implications for provisions of pension and retirement income of demographic ageing. it reviews the latest research, policy related tools, analytical methods and techniques and major theoretical frameworks.
Download or read book The Handbook of Graph Algorithms and Applications written by Krishnaiyan Thulasiraman and published by CRC Press. This book was released on 2015-05-12 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Graph Algorithms, Volume II : Applications focuses on a wide range of algorithmic applications, including graph theory problems. The book emphasizes new algorithms and approaches that have been triggered by applications. The approaches discussed require minimal exposure to related technologies in order to understand the material. Each chapter is devoted to a single application area, from VLSI circuits to optical networks to program graphs, and features an introduction by a pioneer researcher in that particular field. The book serves as a single-source reference for graph algorithms and their related applications.
Download or read book Catalogue of the University of Michigan written by University of Michigan and published by . This book was released on 1955 with total page 1006 pages. Available in PDF, EPUB and Kindle. Book excerpt: Announcements for the following year included in some vols.
Download or read book United States Life Tables and Actuarial Tables 1939 1941 written by Thomas Nall Eden Greville and published by . This book was released on 1947 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Record written by American Institute of Actuaries and published by . This book was released on 1926 with total page 948 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book General Register written by University of Michigan and published by . This book was released on 1955 with total page 1004 pages. Available in PDF, EPUB and Kindle. Book excerpt: Announcements for the following year included in some vols.
Download or read book Journal of the Institute of Actuaries and Assurance Magazine written by and published by . This book was released on 1917 with total page 838 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of members issued with v. 35- with separate paging.
Download or read book Journal of the Institute of Actuaries written by Institute of Actuaries (Great Britain) and published by . This book was released on 1919 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of members issued with v. 35-46 with separate paging.
Download or read book Bulletin of the United States Bureau of Labor Statistics written by and published by . This book was released on 1980 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Year Book written by Society of Actuaries and published by . This book was released on 1980 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
