EAA Series

Life Insurance Risk Management Essentials

Authors: Koller, Michael

  • Holistic treatment of insurance risk management
  • Market consistent valuation
  • Real case studies
  • Real reporting templates
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eBook $74.99
price for USA (gross)
  • ISBN 978-3-642-20721-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $99.00
price for USA
  • ISBN 978-3-642-20720-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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About this book

The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a tochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures.

About the authors

Prof. Dr. Michael Koller, ETH Z├╝rich, Switzerland

Table of contents (21 chapters)

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-3-642-20721-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $99.00
price for USA
  • ISBN 978-3-642-20720-4
  • 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
Life Insurance Risk Management Essentials
Authors
Series Title
EAA Series
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer Berlin Heidelberg
eBook ISBN
978-3-642-20721-1
DOI
10.1007/978-3-642-20721-1
Softcover ISBN
978-3-642-20720-4
Series ISSN
1869-6929
Edition Number
1
Number of Pages
XVIII, 360
Number of Illustrations and Tables
10 b/w illustrations, 60 illustrations in colour
Topics