Modern Life Insurance Actuarial Theory and Practice

Author: Zou Gongming
Publisher:
Publish Date: 2006-11-01
Features: The author's broad perspective enables this book to explore issues spanning numerous fields, such as securities investment, bank asset-liability management, liability assessment for guarantee companies, public financial planning, core technologies of brokerage firms, actuarial calculation techniques, and more. The book delves into many hot topics in the insurance industry, such as how banks can improve their asset-liability structure, the impact of improved and new life tables on the insurance industry, and how catastrophic health insurance products are priced. Actuarial practice is inseparable from computers, but only the author of this book has put it into practice. The book contains numerous original computer programs, such as premium testing programs, pure premium calculation programs for various insurance types, and liability reserve calculation programs, etc. Another unique feature of this book is the inclusion of a large number of computer programs, which is unprecedented in the history of actuarial literature. The extensive programmed calculations define the book's distinctive characteristics. The author did not intentionally create these features; in fact, they are determined by the nature of actuarial science. However, the author was somewhat astonished when working hard on this book, wondering why so many computer experts who understand actuarial science and actuarial scholars who understand computers had not thought of doing this before. The author's "throwing of bricks" in this book hopes to inspire "jade," encouraging the development of this idea further and helping to bring the mysterious field of actuarial science closer to the public.