Actuarial Mathematics of Life Insurance

Syllabus

Survival function, Simple mortality table and related functions, force of mortality, laws Classics mortality, actuarial tables and commutation functions, Stochastic approach to Life Insurance. Life annuities with one or more payments annually, Relationship between annuities, life insurance of various kinds, Relationship annuities and insurance, interest rate movements and mortality. Net premiums and gross premiums, concept and process of calculating reserves, Relationship between successive stock price. Tables and Actuarial functions for two or more persons, Contingent actuarial functions.

Bibliography

1. Zimbidis A.(2009), «Actuarial Mathematics of Life Insurance»

2. Neil A. (1986), «Life Contingencies» Heinemann Professional Publishing

3. Etienne De Vylder (1997), “Life insurance : Actuarial Perspectives”

Kluwer Academic Print