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"Halley's Comet has been prominently displayed in many newspapers during the last few months. For the first time in 76 years it appeared this winter, the nocturnal sky. This is an appropriate occasion to clearly visible against point out the fact that Sir Edmund Halley also constructed the world's first life table in 1693, thus creating the scientific foundation of life insurance. Halley's life table and its successors were viewed as deterministic laws, i. e. the number of deaths in any given group and year was considered to be a well defined number that could be calculated by means of a life table. However, in reality this number is random. Thus any mathematical treatment of life insurance will have to rely more and more on probability theory. By sponsoring this monograph the Swiss Association of Actuaries wishes to support the ""modern"" probabilistic view of life contingencies. We are fortu­ nate that Professor Gerber, an internationally renowned expert, has assumed the task of writing the monograph. We thank the Springer-Verlag and hope that this monograph will be the first in a successful series of actuarial texts. Zurich, March 1986 Hans Biihlmann President Swiss Association of Actuaries Preface Two major developments have influenced the environment of actuarial math­ ematics. One is the arrival of powerful and affordable computers; the once important problem of numerical calculation has become almost trivial in many instances."

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At ExamEdge.com, we place our focus on helping you become as prepared as possible for your certification exam. We want you to walk out of the real exam confident and knowing that your time preparing with ExamEdge.com was a success! Tests like the AEPA Principal exam don't just measure what you know -- they are also a test of how well you perform under pressure. The right type of AEPA Principal test prep helps you familiarize yourself not only with the material you're being tested on, but also the format of the test, so you feel less anxiety on test day. That's the kind of valuable experience you'll get with our AEPA Principal practice tests and exam prep! Once you have completed a practice exam, you will have permanent access to that exam's review page, which includes a detailed explanation for each practice question!

At ExamEdge.com, we place our focus on helping you become as prepared as possible for your certification exam. We want you to walk out of the real exam confident and knowing that your time preparing with ExamEdge.com was a success! Tests like the AEPA Principal exam don't just measure what you know -- they are also a test of how well you perform under pressure. The right type of AEPA Principal test prep helps you familiarize yourself not only with the material you're being tested on, but also the format of the test, so you feel less anxiety on test day. That's the kind of valuable experience you'll get with our AEPA Principal practice tests and exam prep! Once you have completed a practice exam, you will have permanent access to that exam's review page, which includes a detailed explanation for each practice question!

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