Insurance Company Financial Risk Analysis
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Author |
: Andrew Lacey |
Publisher |
: Createspace Independent Publishing Platform |
Total Pages |
: 214 |
Release |
: 2016-08-06 |
ISBN-10 |
: 1536926876 |
ISBN-13 |
: 9781536926873 |
Rating |
: 4/5 (76 Downloads) |
Synopsis Insurance Company Financial & Risk Analysis by : Andrew Lacey
This book provides professional-level information on how to analyze the financial and business well-being of all types of insurance company, including Lloyd's of London syndicates. The proposed risk-based assessment framework will enable better Credit, Investment, Policy and other decisions, subject to the risk-averse stance of decision-makers.
Author |
: Alexander Melnikov |
Publisher |
: CRC Press |
Total Pages |
: 267 |
Release |
: 2004-06-02 |
ISBN-10 |
: 9781135437459 |
ISBN-13 |
: 1135437459 |
Rating |
: 4/5 (59 Downloads) |
Synopsis Risk Analysis in Finance and Insurance by : Alexander Melnikov
Historically, financial and insurance risks were separate subjects most often analyzed using qualitative methods. The development of quantitative methods based on stochastic analysis is an important achievement of modern financial mathematics, one that can naturally be extended and applied in actuarial mathematics. Risk Analysis in Finance and Insurance offers the first comprehensive and accessible introduction to the ideas, methods, and probabilistic models that have transformed risk management into a quantitative science and led to unified methods for analyzing insurance and finance risks. The author's approach is based on a methodology for estimating the present value of future payments given current financial, insurance, and other information, which leads to proper, practical definitions of the price of a financial contract, the premium for an insurance policy, and the reserve of an insurance company. Self-contained and full of exercises and worked examples, Risk Analysis in Finance and Insurance serves equally well as a text for courses in financial and actuarial mathematics and as a valuable reference for financial analysts and actuaries. Ancillary electronic materials will be available for download from the publisher's Web site.
Author |
: Paul J. Brehm |
Publisher |
: Guy Carpenter & Company C2007 |
Total Pages |
: 291 |
Release |
: 2007 |
ISBN-10 |
: 0615133568 |
ISBN-13 |
: 9780615133560 |
Rating |
: 4/5 (68 Downloads) |
Synopsis Enterprise Risk Analysis for Property & Liability Insurance Companies by : Paul J. Brehm
Author |
: J. David Cummins |
Publisher |
: Springer Science & Business Media |
Total Pages |
: 379 |
Release |
: 2012-12-06 |
ISBN-10 |
: 9781461550457 |
ISBN-13 |
: 1461550459 |
Rating |
: 4/5 (57 Downloads) |
Synopsis Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management by : J. David Cummins
Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.
Author |
: Alexander Melnikov |
Publisher |
: Chapman and Hall/CRC |
Total Pages |
: 253 |
Release |
: 2004 |
ISBN-10 |
: 1584884290 |
ISBN-13 |
: 9781584884293 |
Rating |
: 4/5 (90 Downloads) |
Synopsis Risk Analysis in Finance and Insurance by : Alexander Melnikov
Historically, financial and insurance risks were separate subjects most often analyzed using qualitative methods. The development of quantitative methods based on stochastic analysis is an important achievement of modern financial mathematics, one that can naturally be extended and applied in actuarial mathematics. Risk Analysis in Finance and Insurance offers the first comprehensive and accessible introduction to the ideas, methods, and probabilistic models that have transformed risk management into a quantitative science and led to unified methods for analyzing insurance and finance risks. The author's approach is based on a methodology for estimating the present value of future payments given current financial, insurance, and other information, which leads to proper, practical definitions of the price of a financial contract, the premium for an insurance policy, and the reserve of an insurance company. Self-contained and full of exercises and worked examples, Risk Analysis in Finance and Insurance serves equally well as a text for courses in financial and actuarial mathematics and as a valuable reference for financial analysts and actuaries. Ancillary electronic materials will be available for download from the publisher's Web site.
Author |
: Paola De Vincentiis |
Publisher |
: Springer |
Total Pages |
: 464 |
Release |
: 2019-05-23 |
ISBN-10 |
: 9783030165260 |
ISBN-13 |
: 3030165264 |
Rating |
: 4/5 (60 Downloads) |
Synopsis The Future of Risk Management, Volume II by : Paola De Vincentiis
With contributions presented during the Second International Risk Management Conference, this second volume addresses important areas of risk management from a variety of angles and perspectives. The book will cover two separate tracks—financial risk management and risk management and corporate strategies—and will be of interest to academic researchers and students in risk management, banking, and finance.
Author |
: Georges Dionne |
Publisher |
: Springer Science & Business Media |
Total Pages |
: 1133 |
Release |
: 2013-12-02 |
ISBN-10 |
: 9781461401551 |
ISBN-13 |
: 1461401550 |
Rating |
: 4/5 (51 Downloads) |
Synopsis Handbook of Insurance by : Georges Dionne
This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Author |
: Annamaria Olivieri |
Publisher |
: Springer |
Total Pages |
: 521 |
Release |
: 2015-09-30 |
ISBN-10 |
: 9783319213774 |
ISBN-13 |
: 3319213776 |
Rating |
: 4/5 (74 Downloads) |
Synopsis Introduction to Insurance Mathematics by : Annamaria Olivieri
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.
Author |
: Marta Borda |
Publisher |
: Springer Nature |
Total Pages |
: 215 |
Release |
: 2020-10-21 |
ISBN-10 |
: 9783030496555 |
ISBN-13 |
: 3030496554 |
Rating |
: 4/5 (55 Downloads) |
Synopsis Life Insurance in Europe by : Marta Borda
This book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.
Author |
: G. Ottaviani |
Publisher |
: Springer Science & Business Media |
Total Pages |
: 123 |
Release |
: 2012-12-06 |
ISBN-10 |
: 9783642578465 |
ISBN-13 |
: 3642578462 |
Rating |
: 4/5 (65 Downloads) |
Synopsis Financial Risk in Insurance by : G. Ottaviani
Published with the contribution of the Italian insurance company, INA, this volume contains the invited contributions presented at the 3rd International AFIR Colloquium. In the spirit of actuarial tradition, the colloquium paid attention to the link between the theoretical approach and the operative problems of financial markets and institutions, and insurance companies in particular. The book is thus an important reference work for students and researchers of actuarial sciences and finance, and is also recommended to practitioners with theoretical interests.