Introduction to Insurance Mathematics: Technical and Financial Features of Risk Transfers

by Annamaria Olivieri, Ermanno Pitacco

Overview

This second edition expands the first chapters, which focus on the approach to risk management issues discussed in the first edition, to offer readers a better understanding of the risk management process and the relevant quantitative phases. In the following chapters the book examines life insurance, non-life insurance and pension plans, presenting the technical and financial aspects of risk transfers and insurance without the use of complex mathematical tools. The book is written in a comprehensible style making it easily accessible to advanced undergraduate and graduate students in Economics, Business and Finance, as well as undergraduate students in Mathematics who intend starting on an actuarial qualification path. With the systematic inclusion of practical topics, professionals will find this text useful when working in insurance and pension related areas, where investments, risk analysis and financial reporting play a major role.

Product Details

ISBN-13:	9783319213767
Publisher:	Springer International Publishing
Publication date:	10/02/2015
Series:	EAA Series
Edition description:	2nd ed. 2015
Pages:	508
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Professor Ermanno Pitacco, Full professor at the University of Trieste Professor Annamaria Olivieri, Full professor at the University of Parma.

Table of Contents

1 Risks and Insurance.- 2 Managing a Portfolio of Risks.- Life Insurance: Modeling the Lifetime.- 4 Life Insurance: Pricing.- 5 Life Insurance: Reserving.- 6 Reserves and Profits in a Life Insurance Portfolio.- 7 Finance in Life Insurance: Linking Benefits to the Investment Performance.- 8 Pension Plans: Technical and Financial Perspectives.- 9 Non-life Insurance: Pricing and Reserving.- Index.

Editorial Reviews

This is a good introductory book on the topics. This book is clearly written for students in the arena of insurance industry. This is also a good reference book for professionals. … Each chapter of the book ends with a section providing bibliographic references and suggestions for further reading. … this is a good contribution, providing up-to-date coverage on selected insurance topics in a logical and systematic manner.” (Technometrics, Vol. 58 (2), February, 2016)

From the Publisher