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  • Textbook
  • © 2011

Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

  • Wide range of topics dealt with (life insurance, non-life insurance, and pensions included)
  • Careful attention to practical issues
  • A “less mathematical and formal” perspective, if compared to other textbooks
  • Includes supplementary material: sn.pub/extras

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xv
  2. Risks and insurance

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 1-67
  3. Managing a portfolio of risks

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 69-140
  4. Life insurance: modeling the lifetime

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 141-195
  5. Life insurance: pricing

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 197-243
  6. Life insurance: reserving

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 245-290
  7. Reserves and profits in a life insurance portfolio

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 291-316
  8. Finance in life insurance: linking benefits to the investment performance

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 317-372
  9. Pension plans: technical and financial perspectives

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 373-393
  10. Non-life insurance: pricing and reserving

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 395-449
  11. Back Matter

    Pages 451-463

About this book

The book aims at presenting technical and financial features of life insurance, non-life insurance, pension plans. The book has been planned assuming non-actuarial readers as its “natural” target, namely - advanced undergraduate and graduate students in Economics, Business and Finance; - professionals and technicians operating in Insurance and pension areas, whose job may regard investments, risk analysis, financial reporting, etc, and hence implies a communication with actuarial professionals and managers. Given the assumed target, the book focuses on technical and financial aspects of insurance, however avoiding the use of complex mathematical tools. In this sense, the book can be placed at some “midpoint” of the existing literature, part of which adopts more formal approaches to insurance problems implying the use of non-elementary mathematics, whereas another part addresses practical questions totally avoiding even simple mathematical tools (which, in our opinion, can conversely provide effective tools for presenting technical and financial features of the insurance business).

Reviews

From the reviews:

“This book provides a basic introduction, at an undergraduate or professional level, to the technical and financial aspects of insurance mathematics, with an emphasis to life insurance. … Every chapter is enriched by a selection of references for further reading. The book avoids complex mathematical tools, and it is best used as a textbook in an advanced undergraduate course in life insurance, with an extra glance at non-life and social insurance, or as a introductory manual for professionals.” (Giovanni Puccetti, Zentralblatt MATH, Vol. 1211, 2011)

Authors and Affiliations

  • , Dipartimento di Economia, Università di Parma, Parma, Italy

    Annamaria Olivieri

  • Università di Trieste, Trieste, Italy

    Ermanno Pitacco

About the authors

Professor Ermanno Pitacco, Full professor at the University of Trieste Professor Annamaria Olivieri, Full professor at the University of Parma

Bibliographic Information

Buy it now

Buying options

eBook USD 54.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Other ways to access