Actuarial Science: Theory And Methodology

ACTUARIAL SCIENCE Theory and Methodology ACTUARIAL SCIENCE Theory and Methodology This page is intentionally left blank ACTUARIAL SCIENCE Theory and Methodology editor Hanji Shang Fudan University, China m m m W if} JiR ?± HIGHER EDUCATION PRESS \jjjp World Scientific NEW JERSEY • LONDON • SINGAPORE • BEIJING • SHANGHAI • HONG KONG • TAIPEI • C H E N N A I M £ « g (ciP)StS ff H ^ : 3B£-%^f£fe — Actuarial Science: Theory and Methodology / tfdUM (Shang, Hanji) ± ^ . - itM : fim&lfliimt, 2006.4 ISBN 7-04-019232-2 I.flf... 11.^... t S W S ^ t t Ill.ffi^—MX CIP M IV.F224.0 ^ (2006) H 022967 •*§• Copyright © 2006 by Higher Education Press 4 Dewai Dajie, Beijing 100011, P. R. China, and World Scientific Publishing Co P t e Ltd 5 Toh Tuch Link, Singapore 596224 All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without permission in writing from the Publisher. ISBN 981-256-505-1 Printed in P. R. China Preface Since actuarial education was introduced into China in 1980s, more and more attention have been paid to the theoretical and practical research of actuarial science in China. In 1998, the National Natural Science Foundation of China approved a 1 million Yuan RMB financial support to a key project -Clnsurance Information Processing and Actuarial Mathematics Theory & Methodology » (project 19831020), which is the first key project on actuarial science supported by the government of China. From 1999 to 2003, professors and experts from Fudan University, Peking University, Institute of Software of Academia Sinica,