Fundamentals of Actuarial Mathematics S. David Promislow is an English-language textbook that supports professionals in the actuarial sciences. This book provides a clear overview and extensive content for actuarial education and practice.
It covers both the deterministic and stochastic models of life insurance, risk theory, credibility theory, and multi-state models. In addition, it introduces modern mathematical finance with new chapters on stochastic investment returns, universal life insurance, and elements of option pricing including the Black-Scholes formula.
This title aligns with the syllabus for the Institute of Actuaries CT5 course, Contingencies. The use of calculations via spreadsheets makes it suitable for theoretical and practical applications in insurance and actuarial studies.
The book focuses on topics within Applied Mathematics and BUSINESS & ECONOMICS / Insurance / General.