Introduction to Insurance Mathematics: Technical and Financial Features of Risk Transfers

Author:   Annamaria Olivieri ,  Ermanno Pitacco
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN:  

9783642160288


Pages:   475
Publication Date:   13 January 2011
Format:   Paperback
Availability:   In Print   Availability explained
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Introduction to Insurance Mathematics: Technical and Financial Features of Risk Transfers


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Overview

The book aims at presenting technical and financial features of life insurance, non-life insurance, pension plans. The book has been planned assuming non-actuarial readers as its ""natural"" target, namely - advanced undergraduate and graduate students in Economics, Business and Finance; - professionals and technicians operating in Insurance and pension areas, whose job may regard investments, risk analysis, financial reporting, etc, and hence implies a communication with actuarial professionals and managers. Given the assumed target, the book focuses on technical and financial aspects of insurance, however avoiding the use of complex mathematical tools. In this sense, the book can be placed at some ""midpoint"" of the existing literature, part of which adopts more formal approaches to insurance problems implying the use of non-elementary mathematics, whereas another part addresses practical questions totally avoiding even simple mathematical tools (which, in our opinion, can conversely provide effective tools for presenting technical and financial features of the insurance business).

Full Product Details

Author:   Annamaria Olivieri ,  Ermanno Pitacco
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Dimensions:   Width: 15.60cm , Height: 2.40cm , Length: 23.40cm
Weight:   0.730kg
ISBN:  

9783642160288


ISBN 10:   364216028
Pages:   475
Publication Date:   13 January 2011
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Risks and insurance.- Managing a portfolio of risks.- Life insurance: modelling the lifetime.- Life insurance: pricing.- Life insurance: reserving.- Reserves and profits in a life insurance portfolio.- Finance in life insurance: linking benefits to the investment performance.- Pension plans: technical and financial perspectives.- Non-life insurance: pricing and reserving.

Reviews

From the reviews: This book provides a basic introduction, at an undergraduate or professional level, to the technical and financial aspects of insurance mathematics, with an emphasis to life insurance. ... Every chapter is enriched by a selection of references for further reading. The book avoids complex mathematical tools, and it is best used as a textbook in an advanced undergraduate course in life insurance, with an extra glance at non-life and social insurance, or as a introductory manual for professionals. (Giovanni Puccetti, Zentralblatt MATH, Vol. 1211, 2011)


Author Information

Professor Ermanno Pitacco, Full professor at the University of Trieste Professor Annamaria Olivieri, Full professor at the University of Parma

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