Lecture Notes

Modelling in Life Insurance – A Management Perspective

by Jean-Paul Laurent,  Ragnar Norberg, Frédéric Planchet

  • Explores a broad range of aspects of modelling in modern life insurance
  • Provides views and objectives of the top management of insurance companies
  • Examines modelling activities within the context of consumer needs, the public interest and business objectives

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.
Please find further information as well as the possibility to order this book here.

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