Actuarial Books
The Society of Actuaries (SOA) publishes actuarial science textbooks on a variety of professional interest topics. Authors are subject matter experts in their respective fields. To purchase a book, either click on the "order" link corresponding to the book or fill out an order form.
Note: The SOA has partnered with John Wiley & Sons Inc. , 
, to secure discount rates for members on professional development books. The 15 percent discount should calculate upon checkout. If this discount does not appear, U.S. members should enter discount code "SOAMB." Members outside the United States, please enter "aff15."
General Topics
Loss Models: From Data to Decisions, Fifth Edition
Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot. 2019. 552 pages.
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
Enterprise Risk Management for Small- and Medium-Sized Enterprises
Jeyaraj (Jay) Vadiveloo, Editor. 2015. 165 pages.
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
Understanding Actuarial Practice
Stuart A. Klugman, Jeffrey A. Beckley, Patricia L. Scahill, Matthew C. Varitek and Toby A. White. 2012. 509 pages.
This book focuses on fundamentals of actuarial practice, including finance, life insurance and annuities, retirement benefits, and health insurance.
$135
What Do You Think? Preparing for the Question That All Clients Ask
Bradley M. Smith. 2010. 109 pages.
This book focuses on actuarial consulting, including how to succeed with a career, insights on leadership and management, and other career information.
$20
Understanding Actuarial Management: The Actuarial Control Cycle, Second Edition
Clare Bellis, Richard Lyon, Stuart Klugman and John Shepherd, Editors. 2010. Co-published by the Society of Actuaries and the Institute of Actuaries of Australia. 603 pages.
This book examines how actuaries contribute to the design, construction and ongoing management of systems that provide a wide range of financial services.
$185
Actuarial Mathematics, Second Edition
Newton L. Bowers Jr., Hans U. Gerber, James C. Hickman, Donald A. Jones and Cecil J. Nesbitt, Editors. 1997. 753 pages.
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
Finance
Insurance Industry Mergers & Acquisitions
Tom Herget and Jim Toole, Editors. 2005. 479 pages.
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
Financial Economics: With Applications to Investments, Insurance and Pensions
Harry Panjer, Editor. 1998. The Actuarial Foundation. 659 pages.
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
General Insurance
General Insurance Financial Reporting Topics, Fourth Edition
Society of Actuaries. 2019. 510 pages.
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. This edition adds a section on IFRS 17 and provides updates on recent changes to the NAIC P/C Annual Statement, NAIC P/C RBC and U.S. tax laws affecting general insurers. Part 1 has also been restructured to improve flow.
$95
Fundamentals of General Insurance Actuarial Analysis
Jacqueline Friedland. 2013. 1356 pages.
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.
$150
Life Insurance
Life Insurance and Modified Endowments Under Internal Revenue Code Sections 7702 and 7702A, Second Edition
Chris DesRochers, John T. Adney, Brian King and Craig Springfield. 2015. 489 pages.
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.
$145
A Comprehensive Guide to Measuring and Managing Life Insurance Company Expenses
Sam Gutterman. 2007. 463 pages.
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
US GAAP for Life Insurers, Second Edition
R. Thomas Herget, Editor. 2006. 675 pages.
A talented team of authors has collaborated to provide updates in the new developments in sales inducements, persistency bonuses, other SOP 03-1 issues, FAS133 interpretations (including B36, treatments for GMDB, GMAB, GMIB, and GMWB), no-lapse guarantees, EIA valuation, shock lapse examples and purchase GAAP addressing FAS141 and FAS142 and VA DAC practices.
$115
Life Contingencies
C.W. Jordan. 2003. 387 pages.
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
Life Insurance Products and Finance
D.B. Atkinson and J.W. Dallas. 2000. 1021 pages.
This book focuses on product development fundamentals, product pricing, and modeling and finance.
$90
Retirement
The Fundamentals of Pension Mathematics, Revised Edition
Barnet N. Berin. 1989. 139 pages.
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