Actuarial Statistics - An Introduction Using R

In the first edition of the book, we introduced some basic concepts related to computation of premiums and reserves for some standard life insurance products adopting a rigorous mathematical approach underlying the theoretical concepts. These were supported by numerical computations with R software. In this revised second edition of the book, the theoretical development has not been changed much. However, the role of R software has been extended. In each chapter, computational exercises based on R software are included to provide a hands-on experience to students. Another novel feature of this edition is the inclusion of over 160 multiple choice questions for which answers are provided.