Understanding Actuarial Practice

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. Understanding Actuarial Practice is designed to aid that transition in four of the areas in which actuaries practice: investments, life insurance and annuities, retirement benefits, and health insurance. In each area students are introduced to the products that are delivered in each area and the relevant methods with regard to pricing, reserving and funding. Examples are supported by readily available spreadsheets and there are numerous exercises that reinforce the concepts. While written expressly for use in the Society of Actuaries Fundamentals of Actuarial Practice Course, this book is a valuable resource for anyone who desires to learn how actuarial principles are put into practice.

• Understanding Actuarial Management The Actuarial Control Cycle
• Corporate Value of Enterprise Risk Management: The Next Step in Business Management
• Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance
• R for Everyone: Advanced Analytics and Graphics (2nd Edition) (Addison-Wesley Data & Analytics Series)
• Regression Modeling with Actuarial and Financial Applications (International Series on Actuarial Science)
• Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance 3rd edition
• An Introduction to Statistical Learning: with Applications in R (Springer Texts in Statistics)
• Data Visualization: A Practical Introduction
• An Introduction to the Mathematics of Financial Derivatives
• Derivatives Markets (3rd Edition) (Pearson Series in Finance)