Focusing 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.
