ERM and QRM in life insurance : an actuarial primer /

ERM and QRM in life insurance : an actuarial primer /

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Bibliographic Details
Author / Creator:	Pitacco, Ermanno, author.
Imprint:	Cham, Switzerland : Springer, [2020]
Description:	1 online resource (xiii, 228 pages)
Language:	English
Series:	Springer actuarial. Springer actuarial lecture notes Springer actuarial.
Subject:	Life insurance -- Risk management. Actuarial science. Actuarial science. Electronic books. Textbooks. Textbooks.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12608281

Hidden Bibliographic Details
Varying Form of Title:	Enterprise risk management and quantitative risk management in life insurance
ISBN:	9783030498528 3030498522 3030498514 9783030498511
Digital file characteristics:	text file PDF
Notes:	Includes bibliographical references and index. Description based on online resource; title from digital title page (viewed on October 08, 2020).
Summary:	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.
Other form:	Print version: 3030498514 9783030498511
Standard no.:	10.1007/978-3-030-49852-8

Table of Contents:

Enterprise Risk Management and Quantitative Risk Management
The Risk Management process.
Risk Management for life insurance and life annuities.
Risk assessment and impact assessment in life insurance business.
Risk assessment and impact assessment in life annuity business.
Sensitivity testing for long-term care insurance products.