,
, Solutions Manual for Actuarial Mathematics for Life Contingent Risks
This must-have manual provides solutions to all exercises in Dickson, Hardy and Waters’
Actuarial Mathematics for Life Contingent Risks, the groundbreaking text on the modern
mathematics of life insurance that is the required reading for the SOA Exam MLC and also
covers more or less the whole syllabus for the UK Subject CT5 exam. The more than
150 exercises are designed to teach skills in simulation and projection through computational
practice, and the solutions are written to give insight as well as exam preparation. Companion
spreadsheets are available for free download to show implementation of computational
methods.
D AV I D C . M . D I C K S O N is Adjunct Professor in the Department of Statistics and
Actuarial Science at the University of Waterloo. He has twice been awarded the
H. M. Jackson Prize of the Institute of Actuaries of Australia, most recently for his book
Insurance Risk and Ruin.
M A R Y R . H A R D Y holds the CIBC Chair in Financial Risk Management at the University
of Waterloo. She has won awards and commendations for her research from the International
Actuarial Association, the Institute of Actuaries and the Society of Actuaries.
H O WA R D R . WAT E R S is a Professor in the Department of Actuarial Mathematics and
Statistics at Heriot-Watt University, Edinburgh. In 2006 he was awarded the Finlaison Medal
by the Institute of Actuaries for “Services to the Actuarial Profession”.
, I N T E R NAT I O NA L S E R I E S O N AC T UA R I A L S C I E N C E
Editorial Board
Christopher Daykin (Independent Consultant and Actuary)
Angus Macdonald (Heriot-Watt University)
The International Series on Actuarial Science, published by Cambridge University Press in conjunction
with the Institute and Faculty of Actuaries, contains textbooks for students taking courses in or related to
actuarial science, as well as more advanced works designed for continuing professional development or
for describing and synthesizing research. The series is a vehicle for publishing books that reflect changes
and developments in the curriculum, that encourage the introduction of courses on actuarial science in
universities, and that show how actuarial science can be used in all areas where there is long-term finan-
cial risk.
A complete list of books in the series can be found at www.cambridge.org/statistics. Recent titles include
the following:
Risk Modelling in General Insurance
Roger R. Gray & Susan M. Pitts
Financial Enterprise Risk Management
Paul Sweeting
Regression Modeling with Actuarial and Financial Applications
Edward W. Frees
Actuarial Mathematics for Life Contingent Risks
David C.M. Dickson, Mary R. Hardy & Howard R. Waters
Nonlife Actuarial Models
Yiu-Kuen Tse
Generalized Linear Models for Insurance Data
Piet De Jong & Gillian Z. Heller
Market-Valuation Methods in Life and Pension Insurance
Thomas Møller & Mogens Steffensen
Insurance Risk and Ruin
David C.M. Dickson
, Solutions Manual for Actuarial Mathematics for Life Contingent Risks
This must-have manual provides solutions to all exercises in Dickson, Hardy and Waters’
Actuarial Mathematics for Life Contingent Risks, the groundbreaking text on the modern
mathematics of life insurance that is the required reading for the SOA Exam MLC and also
covers more or less the whole syllabus for the UK Subject CT5 exam. The more than
150 exercises are designed to teach skills in simulation and projection through computational
practice, and the solutions are written to give insight as well as exam preparation. Companion
spreadsheets are available for free download to show implementation of computational
methods.
D AV I D C . M . D I C K S O N is Adjunct Professor in the Department of Statistics and
Actuarial Science at the University of Waterloo. He has twice been awarded the
H. M. Jackson Prize of the Institute of Actuaries of Australia, most recently for his book
Insurance Risk and Ruin.
M A R Y R . H A R D Y holds the CIBC Chair in Financial Risk Management at the University
of Waterloo. She has won awards and commendations for her research from the International
Actuarial Association, the Institute of Actuaries and the Society of Actuaries.
H O WA R D R . WAT E R S is a Professor in the Department of Actuarial Mathematics and
Statistics at Heriot-Watt University, Edinburgh. In 2006 he was awarded the Finlaison Medal
by the Institute of Actuaries for “Services to the Actuarial Profession”.
, I N T E R NAT I O NA L S E R I E S O N AC T UA R I A L S C I E N C E
Editorial Board
Christopher Daykin (Independent Consultant and Actuary)
Angus Macdonald (Heriot-Watt University)
The International Series on Actuarial Science, published by Cambridge University Press in conjunction
with the Institute and Faculty of Actuaries, contains textbooks for students taking courses in or related to
actuarial science, as well as more advanced works designed for continuing professional development or
for describing and synthesizing research. The series is a vehicle for publishing books that reflect changes
and developments in the curriculum, that encourage the introduction of courses on actuarial science in
universities, and that show how actuarial science can be used in all areas where there is long-term finan-
cial risk.
A complete list of books in the series can be found at www.cambridge.org/statistics. Recent titles include
the following:
Risk Modelling in General Insurance
Roger R. Gray & Susan M. Pitts
Financial Enterprise Risk Management
Paul Sweeting
Regression Modeling with Actuarial and Financial Applications
Edward W. Frees
Actuarial Mathematics for Life Contingent Risks
David C.M. Dickson, Mary R. Hardy & Howard R. Waters
Nonlife Actuarial Models
Yiu-Kuen Tse
Generalized Linear Models for Insurance Data
Piet De Jong & Gillian Z. Heller
Market-Valuation Methods in Life and Pension Insurance
Thomas Møller & Mogens Steffensen
Insurance Risk and Ruin
David C.M. Dickson
