actuarial

Comprehensive Math Review For Actuarial Exams
$70.00
This is not a math review for the actuarial exam. It is a basic math review that you can get from any book that has the title 'math review' for standardized tests. It does not cover the math needed for actuarial exams nor does it give any relavent information pertaining to the exams.

Modern Actuarial Risk Theory: Using R
$229.00
Modern Actuarial Risk Theory contains what every actuary needs to know about non-life insurance mathematics. It starts with the standard material like utility theory, individual and collective model and basic ruin theory. Other topics are risk measures and premium principles, bonus-malus systems, ordering of risks and credibility theory. It also contains some chapters about Generalized Linear Models, applied to rating and IBNR problems. As to the level of the mathematics, the book would fit in a bachelors or masters program in quantitative economics or mathematical statistics. This second and much expanded edition emphasizes the implementation of these techniques through the use of R. This free but incredibly powerful software is rapidly developing into the de facto standard for statistical computation, not just in academic circles but also in practice. With R, one can do simulations, find maximum likelihood estimators, compute distributions by inverting transforms, and much more.

Statistical and Probabilistic Methods in Actuarial Science (Interdisciplinary Statistics)
$83.95
I was particularly interested in this book because my son is planning on studying actuarial science at Ohio State. Also as a statistician who has in the past worked on statistical methods for loss reserving in workers compensation insurance, I was curious to see if any of the techniques that we developed are included and to find out what the state of the art is in actuarial science including methods applicable to workers compensation that we overlooked.

Boland's text provides a wealth of informationon statistical and probabilist techniques used in the isurance industries. The first chapter deals with claim or loss reserving and pricing. The method that we called loss triangles are covered here and are called run-off triangles. Three particular methods are covered.

Chapter 2 is a detailed account of loss distributions. There are text books on that topic alone. Probability theory comes up in chapters 3 and 4 on risk theory and ruin theory respectively. Chapter 5 covers credibility theory ( a topic I was not familiar with) and give the Bayesian approach to it. The specialized topic of no claim discounting in auto insurance is the subject of chapter 6. Generalized linear models a technique introduced by John Nelder is the subject of chapter 7. The classical multiple linear regression for normally distributed variables is covered as a special case.

Statistical decision theory and game theory are treated in chapter 8. Appendices A-D provide basic probability, commonly used tools from probability and statistics and introductory Bayesian statistics are the topics of appendices A-C and Appendix D provides solutions to selected exercises from the main text.

Actuaries' Survival Guide: How to Succeed in One of the Most Desirable Professions
$48.95
This is a great book for finding actuary jobs. It gives you ins and out, places to look and places to avoid. I like to use Actuarial Crossing http://www.actuarialcrossing.com to look for jobs. It has jobs only from employer websites and far more jobs than you will find on other job boards. If you haven't had sucess with other online job searches I suggest you try http://www.actuarialcrossing.com.