Skip to main content
  • Textbook
  • © 2020

ERM and QRM in Life Insurance

An Actuarial Primer

Authors:

  • 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

Part of the book series: Springer Actuarial (SPACT)

Part of the book sub series: Springer Actuarial Lecture Notes (SPACLN)

Buy it now

Buying options

eBook USD 49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

This is a preview of subscription content, log in via an institution to check for access.

Table of contents (9 chapters)

  1. Front Matter

    Pages i-xiii
  2. Introduction

    • Ermanno Pitacco
    Pages 1-3
  3. The Risk Management (RM) Process

    • Ermanno Pitacco
    Pages 13-30
  4. RM for Life Insurance and Life Annuities

    • Ermanno Pitacco
    Pages 31-99
  5. Product Design: Guarantees and Options

    • Ermanno Pitacco
    Pages 101-129
  6. ERM and QRM in Product Development: An Example

    • Ermanno Pitacco
    Pages 205-216
  7. Back Matter

    Pages 217-228

About this book

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.

Authors and Affiliations

  • Department of DEAMS, University of Trieste, Trieste, Italy

    Ermanno Pitacco

About the author

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. 

Bibliographic Information

  • Book Title: ERM and QRM in Life Insurance

  • Book Subtitle: An Actuarial Primer

  • Authors: Ermanno Pitacco

  • Series Title: Springer Actuarial

  • DOI: https://doi.org/10.1007/978-3-030-49852-8

  • Publisher: Springer Cham

  • eBook Packages: Mathematics and Statistics, Mathematics and Statistics (R0)

  • Copyright Information: Springer Nature Switzerland AG 2020

  • Softcover ISBN: 978-3-030-49851-1Published: 26 August 2020

  • eBook ISBN: 978-3-030-49852-8Published: 25 August 2020

  • Series ISSN: 2523-3262

  • Series E-ISSN: 2523-3270

  • Edition Number: 1

  • Number of Pages: XIII, 228

  • Number of Illustrations: 60 b/w illustrations, 84 illustrations in colour

  • Topics: Actuarial Sciences, Quantitative Finance

Buy it now

Buying options

eBook USD 49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access