Search results
Results From The WOW.Com Content Network
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline.
While Halley actually predated much of what is now considered the start of the actuarial profession, he was the first to rigorously calculate premiums for a life insurance policy mathematically and statistically [38] James C. Hickman (1927–2006) American actuarial educator, researcher, and author [71] Oswald Jacoby (1902–1984)
5.3 Mathematics of Finance. 5.4 Mortality. 5.5 Pensions. ... Download as PDF; Printable version; ... Actuarial science can be described as all of the following:
Credibility theory is a branch of actuarial mathematics concerned with determining risk premiums. [1] To achieve this, it uses mathematical models in an effort to forecast the number of insurance claims based on past observations.
In credibility theory, a branch of study in actuarial science, the Bühlmann model is a random effects model (or "variance components model" or hierarchical linear model) used to determine the appropriate premium for a group of insurance contracts. The model is named after Hans Bühlmann who first published a description in 1967.
Nesbitt taught actuarial mathematics at the University of Michigan from 1938 to 1980. Nesbitt was born in Ontario , Canada. He received his mathematical education at the University of Toronto and the Institute for Advanced Study in Princeton .
In mathematics, the Schuette–Nesbitt formula is a generalization of the inclusion–exclusion principle.It is named after Donald R. Schuette and Cecil J. Nesbitt.. The probabilistic version of the Schuette–Nesbitt formula has practical applications in actuarial science, where it is used to calculate the net single premium for life annuities and life insurances based on the general ...
Download as PDF; Printable version ... In mathematics, the actuarial polynomials a ... The umbral calculus, Pure and Applied Mathematics, vol. 111, London: Academic ...