Actuarial Science

This document offers an extensive summary of university-level lectures on insurance and financial mathematics. It covers essential concepts including types of risk and insurance, probability theory, actuarial calculations, present and future value, annuities, underwriting, distribution channels, life contingencies, and investment instruments such as bonds, equities, property, and derivatives. The notes include detailed formulas, definitions, actuarial principles, and explanations suitable for ex...

This is a summary of the risk section of the ActEd notes for Actuarial Risk Management. It contains all the main concepts from the chapter and includes acronyms. It is written in an understandable format using colour, diagrams and tables.

This is a summary of the investment section of the ActEd notes for Actuarial Risk Management. It contains all the main concepts from the chapter and includes acronyms.