Understanding actuarial practice / Stuart A. Klugman, editor ; [authors], Jeffrey A. Beckley, Patricia L. Scahill, Matthew C. Varitek, Toby A. White.

New required text for the FAP Modules, as of January 31, 2012. A critical point in an actuary's education is the transition from understanding the mathematical underpinnings of actuarial science to putting them into practice. The problems become less well-defined and the solutions less clear-cut. Un...

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Bibliographic Details
Main Authors: Beckley, Jeffrey A. (Author)
Scahill, Patricia L. (Author)
Varitek, Matthew C. (Author)
White, Toby (Author)
Other Authors: Klugman, Stuart A., 1949- (Editor)
Language:English
Published: Schaumburg, Ill. : Society of Actuaries, [2012]
Edition:First edition.
Subjects:
Actuarial science.
Physical Description:xiv, 529 pages : illustrations ; 25 cm
Format: Book
Contents:
  • Introduction
  • Actuarial science and the actuarial profession
  • The actuarial control cycle
  • Principles of actuarial science
  • Interest theory
  • Asset types
  • Investing / Portfolio Management
  • Finance models and data
  • The term structure of interest rates
  • Asset and liability management
  • Introduction
  • Types of coverage
  • External forces and life and annuity products
  • Pricing
  • Profit testing
  • Inputs for profit testing
  • Regulatory influences on profit testing
  • Monitoring results
  • Closing
  • Overview of retirement financial security systems
  • Retirement plan design
  • Funding for employer-sponsored retirement plans
  • Pension accounting in the united states
  • Modeling actuarial costs and expense
  • Retirement plan solvency
  • Introduction to group insurance
  • External factors
  • Pricing for group benefit plans
  • Reserving.