Ideal for students preparing for level 300 actuarial exams in the US, Actuarial Models: The Mathematics of Insurance provides comprehensive yet concise information that makes it useful as a reference for actuaries and researchers. It contains standard as well as advanced topics such as modern utility theory, martingales, accuracy of normal approximations, models with payments of dividends, reinsurance models, and classification of distributions. It covers preliminary examination material for the Society of Actuaries and the Casualty Actuarial Society (CAS). This text includes numerous examples, practice problems, and exercises on numerical calculations using Excel® as well as real problems from past CAS exams.