Modelling in Life Insurance - A Management Perspective

Focussing 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. §