Preface
Insurance Business
IntroductionWhat is an Actuarial Science?Insurance Companies as Business OrganisationsConcept of RiskHow Does the Insurance Business Operate?Role of Statistics in InsuranceInsurance Business in India
Introductory StatisticsIntroductionSome Important Discrete DistributionsSome Important Continuous DistributionsMultivariate Distributions
Feasibility of Insurance Business and Risk Models for Short TermIntroductionExpected Value PrincipleNotion of UtilityRisk Models for Short Term
Future Lifetime Distribution and Life TablesIntroductionFuture Life Time Random VariableCurate Future - LifetimeLife TablesAssumptions for Fractional AgesSelect and Ultimate Life TablesComputations Using R
Actuarial Present Values of Benefit in Life Insurance ProductsIntroductionCompound Interest and Discount FactorBenefit Payable at the Moment of DeathBenefit Payable at the End of Year of DeathRelation Between A and ¯ AComputation Using R
AnnuitiesIntroductionAnnuities CertainContinuous Life AnnuitiesDiscrete Life AnnuitiesLife Annuities with mthly PaymentsComputation Using R
PremiumsIntroductionLoss at Issue Random VariableFully Continuous PremiumsFully Discrete PremiumsTrue mthly Payment PremiumsGross PremiumsComputations Using R
ReservesIntroductionFully Continuous ReservesFully Discrete ReservesComputation Using R
Multiple Life ContractsIntroductionJoint Life StatusLast Survivor StatusComputations Using R
Answers to ExercisesReferencesIndex