Overview
- 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)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
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
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