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ERM and QRM in Life Insurance: An Actuarial Primer: Springer Actuarial

Autor Ermanno Pitacco
en Limba Engleză Paperback – 26 aug 2020
This book deals with Enterprise Risk Management (ERM) and, in particular, Quantitative Risk Management (QRM) in life insurance business. Constituting a “bridge” between traditional actuarial mathematics and insurance risk management processes, its purpose is to provide advanced undergraduate and graduate students in the Actuarial Sciences, Finance and Economics with the basics of ERM (in general) and QRM applied to life insurance business. The main topics dealt with are: general issues on ERM, risk management tools for life insurance and life annuities, deterministic and stochastic analysis of the behaviour of a portfolio fund, application of sensitivity testing to assess ranges of results of interest, stress testing to assess the impact of extreme scenarios, and the product development process for life annuity products.
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Specificații

ISBN-13: 9783030498511
ISBN-10: 3030498514
Pagini: 228
Ilustrații: XIII, 228 p. 144 illus., 84 illus. in color.
Dimensiuni: 155 x 235 x 19 mm
Greutate: 0.35 kg
Ediția:1st ed. 2020
Editura: Springer International Publishing
Colecția Springer
Seriile Springer Actuarial, Springer Actuarial Lecture Notes

Locul publicării:Cham, Switzerland

Cuprins

Preface.- Introduction.- Enterprise Risk Management and Quantitative Risk Management .- The Risk Management process. - Risk Management for life insurance and life annuities. - Risk assessment and impact assessment in life insurance business. - Risk assessment and impact assessment in life annuity business. - Sensitivity testing for long-term care insurance products. - References.- Index

Notă biografică

Ermanno Pitacco is the academic director of the Master in Insurance and Risk Management at the MIB Trieste School of Management, and professor of Actuarial mathematics and Life insurance technique at the University of Trieste.
He has been visiting professor at various universities (recently the Universities of Louvain-La-Neuve; New South Wales, Sydney; Ljubljana; Zagreb; and Kyoto). His main fields of scientific interest are life and health insurance mathematics and techniques, pension mathematics, longevity risk, and portfolio valuations.
He is the author/coauthor of numerous textbooks and papers in a wide range of insurance and actuarial fields. 


Textul de pe ultima copertă

This book deals with Enterprise Risk Management (ERM) and, in particular, Quantitative Risk Management (QRM) in life insurance business. Constituting a “bridge” between traditional actuarial mathematics and insurance risk management processes, its purpose is to provide advanced undergraduate and graduate students in the Actuarial Sciences, Finance and Economics with the basics of ERM (in general) and QRM applied to life insurance business. The main topics dealt with are: general issues on ERM, risk management tools for life insurance and life annuities, deterministic and stochastic analysis of the behaviour of a portfolio fund, application of sensitivity testing to assess ranges of results of interest, stress testing to assess the impact of extreme scenarios, and the product development process for life annuity products.

Caracteristici

Contains simple mathematics in a crisp presentation Provides a self-contained introduction to Enterprise Risk Management Gives plenty of numerical examples in life insurance and life annuity business