Wolfram Research and ACTEX Publications, Inc. have collaborated to produce a new edition of their interactive, computer-based reference on actuarial models and the modeling process for use by members and test takers of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
Actuaries are professionals trained in math, statistics, calculus, economics, and probability who apply their skills to the assessment of risk in financial fields such as investments, insurance, and employee benefits. To become an associate member of either society, one must successfully complete a series of comprehensive examinations for which the societies publish a list of required, as well as recommended, reading and preparation materials.
ACTEX is a publisher of many of the professional and exam-preparation materials used by the society's members and test takers. The new CD-ROM, titled An Introduction to Actuarial Models and Modeling: An Interactive Approach, is used primarily by actuarial students preparing for the Course 3 and 4 Examinations, which are coadministered by the SOA and the CAS.
The interactive study guide, based on a full Mathematica kernel, was initially released last year. The revised version uses a fully customized kernel and user interface, and the accompanying examples and documentation have been updated as well.
For more information on ACTEX and Mathematica, see www.wolfram.com/news/actex.html. The interactive CD-ROM is currently available only through Mad River Books. A complete listing of ACTEX publications is also available.