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