EAA Series

Value-Oriented Risk Management of Insurance Companies

Authors: Kriele, Marcus, Wolf, Jochen

  • Combines practical methods for risk management with a precise presentation of the mathematical concepts on which these methods are based
  • Contains R-scripts which can be used as a starting point for an implementation of the methods presented
  • Prepares the reader for modern risk management in line with the international association of insurance supervisors and Solvency II
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eBook $59.99
price for USA (gross)
  • ISBN 978-1-4471-6305-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-1-4471-6304-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
About this Textbook

Value- and risk-oriented management is a holistic method of managing businesses. In this book both actuarial methods and methods pertaining to classical internal control and classical risk management are used. Therefore the approach taken is necessarily interdisciplinary. Indeed, there is a new dynamically developing field for actuaries as a result of the emphasis now on the measurement of risk.

This book provides the required basic knowledge for this subject from an actuarial perspective. It enables the reader to implement in practice a risk management system that is based on quantitative methods. With this book, the reader will additionally be able to critically appraise the applicability and the limits of the methods used in modern risk management.

Value-oriented Management of Risk in Insurance focuses on risk capital, capital allocation, performance measurement and value-oriented management. It also makes a connection to regulatory developments (for example, Solvency II). The reader should have a basic knowledge of probability and familiarity with mathematical concepts. It is intended for working actuaries and quantitative risk managers as well as actuarial students.

About the authors

Marcus Kriele is experienced in enterprise risk management, economic capital, and modelling. He has worked as an actuary in life insurance, as a consultant, and as an insurance regulator (Switzerland). Prior to his career in insurance he spent more than a decade doing research in differential geometry and on spacetime singularities.

Jochen Wolf is Professor for Mathematical Economics at the Hochschule Koblenz. Before that he worked for several years at the German financial supervisor BaFin where he was responsible for various aspects of insurance supervision. At BaFin he was also involved in the Solvency II project. Prior to joining BaFin, he held various research positions in stochastic analysis at Universität Jena and at the Université Paris-Nord. Jochen Wolf is actively involved in the actuarial education at the German actuarial association (DAV).

Reviews

From the book reviews:

“The book is devoted to describe the process of value-oriented management for insurance business. The work consists of eight chapters and five appendices. … the presented interesting book is useful for actuaries and for risk managers as well as for students and for researchers studying financial or actuarial mathematics.” (Jonas Šiaulys, zbMATH, Vol. 1298, 2014)


Video

Table of contents (8 chapters)

Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-1-4471-6305-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-1-4471-6304-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Value-Oriented Risk Management of Insurance Companies
Authors
Series Title
EAA Series
Copyright
2014
Publisher
Springer-Verlag London
Copyright Holder
Springer-Verlag London
eBook ISBN
978-1-4471-6305-3
DOI
10.1007/978-1-4471-6305-3
Softcover ISBN
978-1-4471-6304-6
Series ISSN
1869-6929
Edition Number
1
Number of Pages
XII, 378
Number of Illustrations and Tables
48 b/w illustrations
Topics