• Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical finance.

• New edition restructures the material to fit into modern computational methods and provides several spreadsheet examples throughout.

• Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies

• Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.

S. David Promislow is the author of Fundamentals of Actuarial Mathematics, 3rd Edition, published by Wiley.