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- catalog abstract ""In the last two decades, there has been a significant shift in thinking and in the approach taken to actuarial practice: moving from deterministic methods (with implicit or explicit margins to protect against variability) to fully stochastic methods. Important international developments are currently being made in actuarial education, with radical changes being implemented in Australia and North America, and evolutionary changes planned in the UK. At the same time, the Consultative Group of Actuarial Associations within the EU and the International Forum of Actuarial Associations are both actively considering the international harmonization of professional qualifications." "Modern Actuarial Theory & Practice matches the philosophy of those international developments, and the manner in which actuarial qualifications are changing and are likely to continue to change. It 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." "This text will be an aid for final-year undergraduates, MSc students, research students preparing for an MPhil or Ph.D degree, and to student actuaries preparing for the professional actuarial examinations of a number of professional bodies. Practicing actuaries will also find this a useful guide to current methodologies and models."--BOOK JACKET.".
- catalog contributor b12006325.
- catalog contributor b12006326.
- catalog created "c1999.".
- catalog date "1999".
- catalog date "c1999.".
- catalog dateCopyrighted "c1999.".
- catalog description ""In the last two decades, there has been a significant shift in thinking and in the approach taken to actuarial practice: moving from deterministic methods (with implicit or explicit margins to protect against variability) to fully stochastic methods. Important international developments are currently being made in actuarial education, with radical changes being implemented in Australia and North America, and evolutionary changes planned in the UK. At the same time, the Consultative Group of Actuarial Associations within the EU and the International Forum of Actuarial Associations are both actively considering the international harmonization of professional qualifications." "Modern Actuarial Theory & Practice matches the philosophy of those international developments, and the manner in which actuarial qualifications are changing and are likely to continue to change. It 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." "This text will be an aid for final-year undergraduates, MSc students, research students preparing for an MPhil or Ph.D degree, and to student actuaries preparing for the professional actuarial examinations of a number of professional bodies. Practicing actuaries will also find this a useful guide to current methodologies and models."--BOOK JACKET.".
- catalog description "Includes bibliographical references and index.".
- catalog description "Pt. 1 Investment -- pt. 2 Life insurance -- pt. 3 General insurance -- pt. 4 Pensions -- pt. 5 Actuarial models.".
- catalog extent "xiii, 716 p. :".
- catalog identifier "0849303885 (alk. paper)".
- catalog issued "1999".
- catalog issued "c1999.".
- catalog language "eng".
- catalog publisher "Boca Raton, Fla. : Chapman and Hall,".
- catalog subject "368/.01 21".
- catalog subject "HG8781 .M63 1998".
- catalog subject "Insurance Mathematics.".
- catalog tableOfContents "Pt. 1 Investment -- pt. 2 Life insurance -- pt. 3 General insurance -- pt. 4 Pensions -- pt. 5 Actuarial models.".
- catalog title "Modern actuarial theory and practice / P. Booth ... [et al.].".
- catalog type "text".