Book excerpt: This text covers the actuarial principles and techniques used in finance and insurance including probability models, financial mathematics, non-life insurance, pensions, wealth management, and economics and accounting as applied to the financial and actuarial management of risk based products such as life insurance. It is an introductory text for students with a strong interest and ability in mathematics who wish to understand the modelling of insurance and financial risk and actuarial techniques. This customised eBook has been created with the content you need for your studies. Due to the process used to produce this customised eBook, it doesn't offer the same functionality available in other Cengage eBooks, including read aloud and copy text.