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005 - DATE AND TIME OF LATEST TRANSACTION |
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20140310151456.0 |
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
International Standard Book Number |
9783642207211 |
|
978-3-642-20721-1 |
050 #4 - LIBRARY OF CONGRESS CALL NUMBER |
Classification number |
HB144 |
082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER |
Classification number |
330.0151 |
Edition number |
23 |
|
Classification number |
330 |
Edition number |
23 |
264 #1 - |
-- |
Berlin, Heidelberg : |
-- |
Springer Berlin Heidelberg, |
-- |
2011. |
912 ## - |
-- |
ZDB-2-SMA |
100 1# - MAIN ENTRY--PERSONAL NAME |
Personal name |
Koller, Michael. |
Relator term |
author. |
245 10 - IMMEDIATE SOURCE OF ACQUISITION NOTE |
Title |
Life Insurance Risk Management Essentials |
Medium |
[electronic resource] / |
Statement of responsibility, etc |
by Michael Koller. |
300 ## - PHYSICAL DESCRIPTION |
Extent |
XVIII, 360p. 70 illus., 60 illus. in color. |
Other physical details |
online resource. |
440 1# - SERIES STATEMENT/ADDED ENTRY--TITLE |
Title |
EAA Series, |
International Standard Serial Number |
1869-6929 |
505 0# - FORMATTED CONTENTS NOTE |
Formatted contents note |
What is Risk Management -- The role of the Balance Sheets and of Capital -- Accounting Principles -- Risk Appetite and Tolerance -- Key Insurance Processes and their Risks -- Financial Risks and their Modelling -- Insurance Risks -- Operational Risks -- Capital Models and Integrated Risk Management -- Risk adjusted performance Metrics -- Risk Management in a Group and Intra-group Transactions -- Products and their Risks -- Emerging Risks -- Regulatory view on Risk Management: Solvency II -- Governance and Organisation -- A Stochastic Processes -- B Application of the Markov model to Life Insurance -- C Abstract Valuation -- D An Introduction to Arbitrage Free Pricing -- E An Introduction to Stochastic Integration -- F CERA Comparison. |
520 ## - SUMMARY, ETC. |
Summary, etc |
The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a tochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures. |
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
Topical term or geographic name as entry element |
Economics. |
|
Topical term or geographic name as entry element |
Mathematics. |
|
Topical term or geographic name as entry element |
Distribution (Probability theory). |
|
Topical term or geographic name as entry element |
Economics |
General subdivision |
Statistics. |
|
Topical term or geographic name as entry element |
Economics, Mathematical. |
|
Topical term or geographic name as entry element |
Finance. |
|
Topical term or geographic name as entry element |
Economics/Management Science. |
|
Topical term or geographic name as entry element |
Game Theory/Mathematical Methods. |
|
Topical term or geographic name as entry element |
Financial Economics. |
|
Topical term or geographic name as entry element |
Insurance. |
|
Topical term or geographic name as entry element |
Applications of Mathematics. |
|
Topical term or geographic name as entry element |
Probability Theory and Stochastic Processes. |
|
Topical term or geographic name as entry element |
Statistics for Business/Economics/Mathematical Finance/Insurance. |
710 2# - ADDED ENTRY--CORPORATE NAME |
Corporate name or jurisdiction name as entry element |
SpringerLink (Online service) |
773 0# - HOST ITEM ENTRY |
Title |
Springer eBooks |
776 08 - ADDITIONAL PHYSICAL FORM ENTRY |
Display text |
Printed edition: |
International Standard Book Number |
9783642207204 |
856 40 - ELECTRONIC LOCATION AND ACCESS |
Uniform Resource Identifier |
http://dx.doi.org/10.1007/978-3-642-20721-1 |
942 ## - ADDED ENTRY ELEMENTS (KOHA) |
Source of classification or shelving scheme |
|
Item type |
E-Book |