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About this product
Product Identifiers
PublisherSpringer International Publishing A&G
ISBN-103319297740
ISBN-139783319297743
eBay Product ID (ePID)219631062
Product Key Features
Number of PagesXvi, 255 Pages
LanguageEnglish
Publication NameModelling in Life Insurance-A Management Perspective
SubjectInsurance / Life, Applied, Statistics, Business Mathematics
Publication Year2016
TypeTextbook
AuthorRagnar Norberg
Subject AreaMathematics, Business & Economics
SeriesEaa Ser.
FormatTrade Paperback
Dimensions
Item Weight146.8 Oz
Item Length9.3 in
Item Width6.1 in
Additional Product Features
Dewey Edition23
Series Volume Number0
Number of Volumes1 vol.
IllustratedYes
Dewey Decimal368.32
Table Of ContentParadigms in life insurance.- About market consistent valuation in insurance.-Cash flow projection models.- Economic scenario generators.- From internal toORSA models.- Building a model: practical implementation.- Ex-ante modelvalidation and back-testing.- The threat of model risk for insurance companies.-Meta-models and consistency issues.- Model feeding & Data Quality.- Therole of models in management decision making.- Models and behaviour ofstakeholders
SynopsisFocusing on life insurance and pensions, this book addresses various aspects of modelling in modern insurance: insurance liabilities; asset-liability management; securitization, hedging, and investment strategies. With contributions from internationally renowned academics in actuarial science, finance, and management science and key people in major life insurance and reinsurance companies, there is expert coverage of a wide range of topics, for example: models in life insurance and their roles in decision making; an account of the contemporary history of insurance and life insurance mathematics; choice, calibration, and evaluation of models; documentation and quality checks of data; new insurance regulations and accounting rules; cash flow projection models; economic scenario generators; model uncertainty and model risk; model-based decision-making at line management level; models and behaviour of stakeholders. With author profiles ranging from highly specialized model builders to decision makers at chief executive level, this book should prove a useful resource to students and academics of actuarial science as well as practitioners., Focusing on life insurance and pensions, this book addresses variousaspects of modelling in modern insurance: insurance liabilities;asset-liability management; securitization, hedging, and investment strategies.With contributions from internationally renowned academics in actuarialscience, finance, and management science and key people in major life insuranceand reinsurance companies, there is expert coverage of a wide range of topics,for example: models in life insurance and their roles in decision making; anaccount of the contemporary history of insurance and life insurancemathematics; choice, calibration, and evaluation of models; documentation andquality checks of data; new insurance regulations and accounting rules; cashflow projection models; economic scenario generators; model uncertainty andmodel risk; model-based decision-making at line management level; models andbehaviour of stakeholders. With author profiles ranging from highly specialized model builders todecision makers at chief executive level, this book should prove a useful resourceto students and academics of actuarial science as well as practitioners.