Actuarial Books

The International Financial Reporting for Insurers (IFRI) book is a collaborative effort by actuaries and accountants to assist in understanding the concepts behind financial reporting under the International Financial Reporting Standards®(IFRS®) issued in May 2017: It has been updated to include amendments through June 2022. The IFRI book, written by North American authors, offers a comprehensive analysis that focuses on accounting for the entire insurance entity, not just its insurance contract. IFRI offers 408 pages of material, plus five product-specific Excel workbooks to amplify the principles covered in the book.

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$249 Online eBook
$274 Online eBook + Softcover
$299 Online eBook + Hardcover

This text presents a variety of financial reporting topics that are important to general insurance actuaries. It covers a review of basic accounting concepts, key topics from U.S. statutory accounting for general insurers, the measurement of the financial health of general insurers, Statement of Actuarial Opinion and federal income taxes for general insurers. The fifth edition’s major revisions are that it now includes a summary of the NAIC Annual Statement and a review of accounting transactions with direct charges and credits to surplus; it was rewritten to follow the current Schedule F (from the NAIC’s 2018 revision); the section on risk-adjusted returns was significantly revised; and it was updated to be current with the NAIC RBC calculation.

$95

This edition provides updated material for the revised Short-Term and Long-Term Actuarial Mathematics exams (STAM and LTAM). It provides techniques to use loss data to build models for assessing risks of any kind. The accompanying Solutions Manual provides detailed solutions to the book’s many exercises, some of which are drawn from past SOA examinations.

$160 Textbook
$40 Solutions Manual  

This book explores enterprise risk management (ERM) in a comprehensive manner for small- and medium-sized businesses. A reference tool for providing education and training for small business owners, it can help corporations improve their overall ERM practices by focusing on developing ERM principles for the various enterprises supporting them. It also serves as a textbook for students.

$65  

This book focuses on fundamentals of actuarial practice, including finance, life insurance and annuities, retirement benefits, and health insurance.

$135  

This book focuses on actuarial consulting, including how to succeed with a career, insights on leadership and management, and other career information.

$20

This book examines how actuaries contribute to the design, construction and ongoing management of systems that provide a wide range of financial services.

$185  

This book looks at how to assess vulnerability in the pricing structures of all lines of insurance, employee benefits and other forms of contingent payments. This edition adapts the fundamentals of actuarial science to be current with changing realities.

$95  

This book provides an in-depth look at the entire mergers and acquisitions (M&A) process, from financing to due diligence to tax and accounting issues to post-acquisition integration. It also contains a wealth of information on insurance M&A transactions.

$135  

This book examines financial markets, derivative securities, interest rate risk and immunization, equilibrium pricing, no-arbitrage pricing theory, options and other derivatives, term structure models, portfolio selection, and investment return models.

$95  

This text introduces the commonly used, basic approaches for reserving and ratemaking in general insurance. It can be viewed as the next step in a progression from the mathematical content of the preliminary examinations to the mixture of theory and practice in the Fundamentals of Actuarial Practice course to a practice-oriented approach. Professionalism requirements are interspersed throughout, setting a context for the work that actuaries perform.

$150  

This text looks at Internal Revenue Code Sections 7702 and 7702A, including calculations, adjusting the limitations of the sections, statutory effective dates, product-specific issues, long-term care insurance riders and accelerated death benefits, failed contracts, tax law limitations on life insurance, and tax policy.

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$145

This reference book provides in-depth knowledge necessary to build more accurate and sophisticated expense models, particularly those with forward-looking properties such as principle-based valuation, cash flow testing, and risk analysis.

$140  

This book examines how the systematic analysis of the contingencies of human life forms the foundation of an actuary's work. In the solution of problems involving these contingencies, the actuary requires some type of quantitative measure of their effects. Financial problems require also a set of principles by which the measurements may be combined with interest functions to produce monetary values.

$50  

This book focuses on product development fundamentals, product pricing, and modeling and finance.

$90  

This book develops a blend of theory and practice to indicate how this theoretical and practical skill can be applied, recognizing the capability of computers and the types of questions asked of the actuary.

$22.50