ERM and QRM in Life Insurance
Springer International Publishing (Verlag)
978-3-030-49851-1 (ISBN)
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.
Ermanno Pitacco is full professor of Actuarial mathematics and Life insurance technique, in the University of Trieste, and academic director of the Master in Insurance and Risk Management at the MIB School of Management of Trieste. He has been visiting professor in various universities (recently: University of New South Wales, Sydney; University of Louvain-La-Neuve; University of Liubljana). Main fields of scientific interest are life and health insurance mathematics and techniques, pension mathematics, longevity risk, portfolio valuations. He is author or coauthor of textbooks and papers in the fields of scientific interest. His papers have been published, among the others, on: Insurance Mathematics & Economics, ASTIN Bulletin, Journal of Pension Economics and Finance, Belgian Actuarial Bulletin, Journal of Actuarial Practice, Applied stochastic models in business and industry, AStA Advances in Statistical Analysis, Giornale dell'Istituto Italiano degli Attuari.
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
| Erscheinungsdatum | 28.08.2020 |
|---|---|
| Reihe/Serie | Springer Actuarial | Springer Actuarial Lecture Notes |
| Zusatzinfo | XIII, 228 p. 144 illus., 84 illus. in color. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Gewicht | 379 g |
| Themenwelt | Mathematik / Informatik ► Mathematik ► Angewandte Mathematik |
| Wirtschaft ► Betriebswirtschaft / Management | |
| Schlagworte | Alternative Risk Transfers • Capital allocation and Solvency • Enterprise Risk Management • Guarantees and options • Life annuities • life insurance • Long-term care insurance • Product Development • Quantitative Finance • Quantitative risk management • reinsurance |
| ISBN-10 | 3-030-49851-4 / 3030498514 |
| ISBN-13 | 978-3-030-49851-1 / 9783030498511 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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