arial science. It is based on syllabus of The Institute and Faculty of Actuaries for the subject CT1 (Financial Mathematics) of the Actuarial Profession. The present (flrst draft) version of the text covers units , 11,12, 14 (of the total 14 units). A distinguished feature of our text is . ow models as the basis of this course and a suitable means to describe and look beyond the contents of this course. The actuarial profession Actuarial Science is an old discipline. The Institute of Actuaries was formed in , (the Faculty of Actuaries in Scotland in ), but the profession is much older. An important. IA Ultimate (mainly male insured lives) Age qx dx lx Lx Tx e0x 10 11
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