Life insurance risk management essentials
type: Item
instance of: scholarly article
title: Life insurance risk management essentials
zbMATH Open document ID: 1225.91001
DOI: 10.1007/978-3-642-20721-1
author: Michael Koller
published in: EAA Series
publication date: 2011-08-26T00:00:00Z
review text: 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.
reviewed by: Klaus Ehemann
Mathematics Subject Classification ID: 91-01
Mathematics Subject Classification ID: 60G44
Mathematics Subject Classification ID: 60H30
Mathematics Subject Classification ID: 60J20
Mathematics Subject Classification ID: 60J25
Mathematics Subject Classification ID: 91B30
zbMATH DE Number: 5943527
zbMATH Keywords: risk management
zbMATH Keywords: life insurance
zbMATH Keywords: stochastic processes
zbMATH Keywords: Markov chains
zbMATH Keywords: arbitrage free pricing
zbMATH Keywords: value concepts
zbMATH Keywords: analysis of risk
zbMATH Keywords: value at risk
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1007/978-3-642-20721-1
OpenAlex ID: W652506689
description: scientific article; zbMATH DE number 5943527