Life Insurance Risk Management Essentials (EAA Series) - Softcover

Buch 5 von 16: EAA Lecture Notes

Koller, Michael

 
9783642207204: Life Insurance Risk Management Essentials (EAA Series)
Softcover
ISBN 10: 3642207200 ISBN 13: 9783642207204
Verlag: Springer, 2011

Inhaltsangabe

This book’s two-fold focus provides a broad overview of the varied topics in risk management as well as outlining the necessary tools and techniques required to apply theory to practice. It also covers emerging risks and the relevant regulatory framework.

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Über die Autorin bzw. den Autor

Prof. Dr. Michael Koller, ETH Zürich, Switzerland

Von der hinteren Coverseite

The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a tochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures.

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Verlag
Springer
Erscheinungsdatum
2011
Sprache
Englisch
ISBN 10 
3642207200
ISBN 13 
9783642207204
Einband
Taschenbuch
Anzahl der Seiten
356
Kontakt zum Hersteller
ProductSafety@springernature.com
ProductSafety@springernature.com

Poststr. 9
Darmstadt
64293
Deutschland

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