Life insurance risk management essentials (Q636213)

This book gives an overview of risk management in life insurance. It provides a broad view of different topics needed for risk management and provides the necessary tools and techniques. The first chapters deal with value concepts. The following chapters present and analyse risk appetite and key insurance and their risks. The more general treatment is followed by chapters describing asset risks, insurance risks, and operational risks. Further, risk of insurance companies and special insurance products are looked at. The book finishes with emerging risks and risk management from a regular point of view. This book has several mathematical appendices on e.g. probability theory, stochastic processes, and Markov chains. Moreover, the appendices present mathematical formulations of abstract valuation concepts. The various concepts are supported by tables and figures.