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In B.Com. (Insurance and Banking) course, a new subject named Actuarial Analysis in Banking and Insurance has been included in the syllabus by the Mumbai University w.e.f. the year 2018-19, in order to make aware the students the statistics and actuarial analysis of Life Insurance business. This subject is definitely a new and unheard of subject, but is very useful for the course prescribed in order to achieve proficiency and knowledge of statistics formulae for a better understanding of insurance. In five chapters, the University has endeavoured its best to cover the advanced knowledge on Life Insurance work of an actuary. I have tried to assimilate all the topics in brief, incorporating the examples and their solutions. Contents - 1. Statistical Methods 2. Probability and Mathematical Statistics 3. Mortality Tables (Models) 4. Contingencies 5. Actuarial Models Appendices 1 to 17
