Insurance: From Underwriting to Derivatives
Insurance: From Underwriting to Derivatives

Author: Eric Briys

Publisher: John Wiley & Sons

Published: 2001-06-29

Total Pages: 184

ISBN-13:

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An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.

Asset and Liability Management for Banks and Insurance Companies
Asset and Liability Management for Banks and Insurance Companies

Author: Marine Corlosquet-Habart

Publisher: John Wiley & Sons

Published: 2015-08-05

Total Pages: 166

ISBN-13: 111918455X

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This book introduces ALM in the context of banks and insurance companies. Although this strategy has a core of fundamental frameworks, models may vary between banks and insurance companies because of the different risks and goals involved. The authors compare and contrast these methodologies to draw parallels between the commonalities and divergences of these two services and thereby provide a deeper understanding of ALM in general.

Asset and Liability Management Handbook
Asset and Liability Management Handbook

Author: G. Mitra

Publisher: Springer

Published: 2011-03-29

Total Pages: 547

ISBN-13: 023030723X

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Recent years have shown an increase in development and acceptance of quantitative methods for asset and liability management strategies. This book presents state of the art quantitative decision models for three sectors: pension funds, insurance companies and banks, taking into account new regulations and the industries risks.

Modelling in Life Insurance – A Management Perspective
Modelling in Life Insurance – A Management Perspective

Author: Jean-Paul Laurent

Publisher: Springer

Published: 2016-05-02

Total Pages: 263

ISBN-13: 3319297767

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Focusing on life insurance and pensions, this book addresses various aspects of modelling in modern insurance: insurance liabilities; asset-liability management; securitization, hedging, and investment strategies. With contributions from internationally renowned academics in actuarial science, finance, and management science and key people in major life insurance and reinsurance companies, there is expert coverage of a wide range of topics, for example: models in life insurance and their roles in decision making; an account of the contemporary history of insurance and life insurance mathematics; choice, calibration, and evaluation of models; documentation and quality checks of data; new insurance regulations and accounting rules; cash flow projection models; economic scenario generators; model uncertainty and model risk; model-based decision-making at line management level; models and behaviour of stakeholders. With author profiles ranging from highly specialized model builders to decision makers at chief executive level, this book should prove a useful resource to students and academics of actuarial science as well as practitioners.

Asset/Liability Management and Enterprise Risk Management of an Insurer
Asset/Liability Management and Enterprise Risk Management of an Insurer

Author: Thomas S.Y. Ho

Publisher:

Published: 2012

Total Pages:

ISBN-13:

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Risk management techniques used in banks and trading floors are generally not applicable to insurance companies. Risk measures and risk monitoring approaches must be developed to respond to the challenges to the insurance industry. This paper describes the current risk management practices for both life and general insurance businesses, and proposes the corporate model approach that extends the present approaches to provide corporate management solutions, enterprise risk management in particular, for insurers.

Asset Liability Management in a Life Insurance Company
Asset Liability Management in a Life Insurance Company

Author: Ying Li (masters in political science and masters in mathematics.)

Publisher:

Published: 2010

Total Pages: 36

ISBN-13:

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Asset Liability Management is relevant to, and critical for, the sound management of the finances of any organization that invests to meet its future cash flow needs and capital requirements. For a life insurance company in particular, it is an important component of the actuarial work in the company. What an insurance company sells to customers is a promise. Cash flow testing is such a process of testing the insurance company's ability to keep its promises. The purpose of this report is to provide a brief introduction of the assets and liabilities of an insurance company and how cash flow testing is done in Prophet, an actuarial software used in the industry.