Thoroughly revised and updated with essential material related to the C/4 actuarial exam, this invaluable new edition maintains an approach to modeling and forecasting utilizing tools related to risk theory, loss distributions, and survival models. It covers everything from random variables, basic distributional quantities, and copula models to parametric estimation methods, risk management and measures, and extreme value distributions. It also provides over 400 exercises from previous examinations, places emphasis on calculations and spreadsheet implementation, and offers access to an FTP web site.