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Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

  • Textbook
  • © 2011

Overview

  • 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)

Keywords

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

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