Launch of the book "Actuarial Calculation"
On March 25, the University of Azuay, its Publishing House and the Faculty of Administration Sciences presented the book "Actuarial Calculation" by the author Luis Gabriel Pinos.
The event was attended by Francisco Salgado, Rector of the University of Azuay; Martha Cobos, Academic Vice Chancellor; Jacinto Guillén, Vice-rector for Research; Oswaldo Merchán, Dean of the Faculty of Administration Sciences and commentator on the work; Ximena Moscoso, Deputy Dean of the Faculty of Administration, and Toa Tripaldi, Director of the Department of Communication and Publications.
The aim of the book is to provide coverage of actuarial calculus knowledge in a flexible manner in order to meet the needs of various audiences, from those seeking basic knowledge on the subject to those preparing for a career as actuaries.
“One of the first subjects that I had the opportunity to teach at the university was actuarial calculus and I noticed that the bibliography was somewhat scarce on that subject, and students who wanted to dabble in and read found bibliographies that were difficult to understand and even in other languages, that's when I decided to start writing the text ”, mentioned Pinos.
Actuarial calculation is a form of applied mathematics that is used to predict and simulate certain economic events. Its main function is to develop periodic quotation models that serve to deal with multiple daily tasks.
Through statistical and mathematical analysis, the risks faced by different organizations, companies or people are measured and managed, in order to quantify the risks and apply actions that allow them to minimize their negative impact and avoid economic losses.
The text is made up of 7 chapters organized in 3 parts. The first part presents a review of the basic concepts of Financial Mathematics and Statistics, conceptual bases necessary for the practice of actuarial calculation. Examples explain the time value of money, cost of capital, concepts of probabilities, and probability distributions.
The second part has a series of analysis of exercises and cases of actuarial calculation. Insurance decisions, actuarial biometrics, mortality tables, life insurance, annuities and types of coverage used by insurance companies are the main topics developed.
The third part deals with social and collective insurance, analyzing topics such as: social security, and pay-as-you-go pension systems. In these cases, the actuarial calculation is used to assess the viability and sustainability of social security systems.
The topics are addressed based on exercises with case studies that reflect our reality. For example, actuarial deficits in pension, health, occupational risk and peasant social security insurance. With this additional contribution that is presented at the end of each chapter, readers can apply the concepts analyzed.
The text has 244 pages and can be downloaded from the following link:
UDA Correspondent
