Akt

Akt is an easy to understand and powerful application for actuarial science students. With Akt, you can practice, verify your answers and enhance your study pace. It incorporates popular notation and terminology. You can also store you results to memory. Whether you are a beginner or a more advanced student, this application will assist you in pursuing your university education and SOA/CAS examination process.

Akt provides the following topics and functions:

▸Compute statistics including the expected value of loss with limit or franchise deductible, the tail-value-at-risk and much more. Akt applies the same parametric notation as the SOA and CAS notation. The included distributions are:

Continuous distributions :
-Uniform
-Exponential
-Inverse exponential
-Pareto
-Inverse Pareto
-Single-parameter Pareto
-Loglogistic
-Paralogistic
-Inverse paralogistic
-Gamma
-Inverse Gamma
-Weibull
-Inverse Weibull
-Normal
-Lognormal
-Burr
-Inverse Burr
-Incomplete Beta

Discrete distributions:
-Poisson
-Geometric
-Binomial
-Negative binomial

▸EXAM P/1
Continuous and discrete distributions.

▸EXAM FM/2
-Convert interest rates
-Basic, continuous and varying annuities.
-Cash Flows

▸EXAM MFE/3F
-European options
-Delta-gamma-theta approximation
-Put-call parity
-Gap options
-All-or-nothing options
-Binomial tree for options
-Implied volatility

▸EXAM C/4
-Actuarial statistics for continuous distributions. Akt incorporates most of the functions of the tables for exam C/4.
-(a,b,0) class of distribution
-Kernel smoothing
-Smoothed empirical percentile.