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9781439821305

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As an actuary working in a risk team with predominantly non-actuaries, I was interested in reviewing this book from two angles. Firstly, could there really be that much to write about solvency (it is a hefty volume) and secondly, would my non-actuarial colleagues find it useful in practice? ! I feel that I have learnt a huge amount in a short time and am bracing myself for a return visit to the section on copulas. As to the answers to my opening two questions, they are most definitely 'yes' on both counts. This is an excellent reference manual for anyone working in a risk environment, irrespective of their level of involvement in the Solvency II project. --Annals of Actuarial Science, Vol. 5, June 2011 ! In this handbook he [Sandstrom] offers a clear definition of solvency, a broad historical review, and a comprehensive treatment of the capital requirement. These general ideas are covered in the first section, and the second section addresses in detail the European Solvency II project. ! He also advises readers that the most current developments from CEIOPS will be published at his website. This handbook is for professionals in the field but can be used as well as for the education of future actuaries and risk managers. --SciTech Book News, February 2011

! In this handbook he [Sandstrom] offers a clear definition of solvency, a broad historical review, and a comprehensive treatment of the capital requirement. These general ideas are covered in the first section, and the second section addresses in detail the European Solvency II project. ! He also advises readers that the most current developments from CEIOPS will be published at his website. This handbook is for professionals in the field but can be used as well as for the education of future actuaries and risk managers. --SciTech Book News, February 2011

Author Information

Arne Sandström is the chief actuary of the Swedish Insurance Federation, where he has worked since 1985. Dr. Sandström is a member of IAA’s Solvency Subcommittee, CEA’s Solvency II Steering Group, and the Groupe Consultatif Pillar I Non-Life Working Group.

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