ACTUARIAL MATHEMATICS II
This page contains information and material for the course Actuarial Mathematics II, lectured
in 2014-15 (Term 2) by David Wooff.
Course material will appear on this page, slides used in lectures will typically be available
a few days before the lecture. You are strongly recommended to download these (or print) for your own use, they are not handed out. Occassionally the slides may change following the lectures, to
correct any errors (do let me know if you spot errors!). Of course, best practice consists of producing your own detailed notes following lectures, based on the presentation at the lectures, the online materials and any further resources. Minor proofs or calculations may also be left as exercises during the lectures, you are strongly recommended to complete all these.
Notation and presentation in this course will be pretty close to the strongly recommended course book: `Life Insurance Mathematics', by H.U. Gerber and S.H. Cox (Springer). In this course, we will use some tables from that book, which have been kindly made available to us by the authors:
If you want to read more about (most of) the material we present in this module, and (many) additional topics in Actuarial Mathematics (for example this might be interesting if you are considering a career in this field), then recommended books are `Fundamentals of Actuarial
Mathematics' by S.D. Promislow (Wiley) and `Modern Actuarial Theory and Practice' by P. Booth, et al (Chapman and Hall). These books go beyond the course material and cover topics in non-life insurance.
Homework will be set four times, Solutions to these will also be made
available from this webpage.
If you write your homework with the use of Latex, then you can use the Latex Style file that was also made available by the authors together with a guide to its use. You can download the style file here: Latex Style file, and here is the
Office Hours for revision questions
- Room CM326
- May 5th 14.00-16.00
- May 13th 14.00-16.00
- May 20th 14.00-16.00
- Outside these times, email for an appointment.
- 12 January
- 15 January
- 19 January
- 22 January
- 26 January
- 29 January
- 02 February
- 05 February
- 09 February
- 12 February
- 16 February
- 19 February
- 23 February
- 26 February
- 02 March
- 05 March
- 09 March: Actuarial Maths as a Career, Dr Rebecca Baker
- 12 March
- Full lecture notes
- Interest, annuities Solutions to exercises
- Lifetime Models Solutions to exercises
- Life Insurance Solutions to exercises
- Life Annuities & Net Premiums Solutions to exercises
- Expenses, Family Income Insurance & Reserves Solutions to exercises
- Life Tables
Exercises for tutorials and problems classes
The following exercises (from the exercise sheets above) are recommended for the tutorials and problems classes; it is useful
to have a look at these before the classes. All further exercises on the exercise sheets
are also useful and important!
- Tutorials Week 12: Questions 1-2, 1-3, 1-4, 1-5 (and possibly 1-1).
- Tutorials Week 14: Questions 2-1, 2-2, 2-7, 2-12.
- Tutorials Week 16:
- If your birthday is in December, January, February or March, then questions 3-2, 3-3, and 3-16.
- If your birthday is in April, May, June, or July, then questions 3-6, 3-7, and 3-16.
- If your birthday is in August, September, October, or November, then questions 3-8, 3-9, and 3-16.
- Tutorials Week 18:
- If your family name starts A-B, then questions 4-2 and 4-12.
- If your family name starts C-F, then questions 4-3 and 4-12.
- If your family name starts G_L, then questions 4-5 and 4-12.
- If your family name starts M_R, then questions 4-7 and 4-12.
- If your family name starts S-Z, then questions 4-11 and 4-12.
Homework has to be handed in on (or before) the given deadlines (click on these for the hand-outs).
- 26 January Solutions to exercises
- 16 February Solutions to exercises
- Noon, 06 March Solutions to exercises
- Noon, 20 April Solutions to exercises
- Problems Class 2
- Problems Class 3
- Problems Class 4
There is a lot of information about careers in Actuary and related topics on the webpages
Actuarial Profession and
Government Actuary's Department.