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- 7.000.000 titres dans notre catalogue
- Payer en toute sécurité
- Toujours un magasin près de chez vous
Description
PRICING INSURANCE RISK
A comprehensive framework for measuring, valuing, and managing risk
Pricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component.
The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium. They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix.
Readers will discover:
- Definitions, classifications, and specifications of risk
- An in-depth treatment of classical risk measures and premium calculation principles
- Properties of risk measures and their visualization
- A logical framework for spectral and coherent risk measures
- How risk measures for capital and pricing are distinct but interact
- Why the cost of capital, not capital itself, should be allocated
- The natural allocation method and how it unifies marginal and risk-adjusted probability approaches
- Applications to reserve risk, reinsurance, asset risk, franchise value, and portfolio optimization
Perfect for actuaries working in the non-life or general insurance and reinsurance sectors, Pricing Insurance Risk: Theory and Practice is also an indispensable resource for banking and finance professionals, as well as risk management professionals seeking insight into measuring the value of their efforts to mitigate, transfer, or bear nonsystematic risk.
Spécifications
Parties prenantes
- Auteur(s) :
- Editeur:
Contenu
- Nombre de pages :
- 560
- Langue:
- Anglais
- Collection :
Caractéristiques
- EAN:
- 9781119755678
- Date de parution :
- 15-06-22
- Format:
- Livre relié
- Format numérique:
- Genaaid
- Dimensions :
- 190 mm x 234 mm
- Poids :
- 1088 g
