Actuarial Models
Solutions to end-of-chapter questions

Solutions to the Third Edition

Chapter 1: Introduction to survival models
Chapter 2: Life insurance models
Chapter 3: Life annuity models
Chapter 4: Annual benefit premiums
Chapter 5: Benefit reserves
Chapter 6: Multiple life theory
Chapter 7: Multiple decrement models
Chapter 8: Insurance models with expenses and profit loadings
Chapter 9: Discrete-time Markov chains
Chapter 10: Continuous-time Markov chains
Chapter 11: Universal life insurances

Solutions to Second Edition:

Chapter 1: Introduction to survival models
Chapter 2: Life insurance models
Chapter 3: Life annuity models
Chapter 4: Annual benefit premiums
Chapter 5:Benefit reserves
Chapter 6: Multiple life theory
Chapter 7: Multiple decrement models
Chapter 8: Insurance models with expenses
Chapter 9: The Poisson proces
Chapter 10: Multi-state cash-flow models

Solutions to First Edition:

Chapter 1: Introduction to survival models
Chapter 2: Life insurance models
Chapter 3: Life annuity models
Chapter 4: Annual benefit premiums
Chapter 5: Benefit reserves
Chapter 6: Multiple life theory
Chapter 7: Multiple decrement models
Chapter 8: Insurance models with expenses
Chapter 9: Loss models
Chapter 10: Severity models
Chapter 11: Frequency models
Chapter 12: Aggregate models/reinsurance
Chapter 13: The poisson process
Chapter 14: Multi-state cash flow models