Modelling in Life Insurance – A Management Perspective

• Corporate Author: SpringerLink (Online service)
• Other Authors: Laurent, Jean-Paul (Editor), Norberg, Ragnar (Editor), Planchet, Frédéric (Editor)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2016.
• Series: EAA Series,
• Subjects: Mathematics.; Insurance.; Economics, Mathematical.; Actuarial science.; Statistics.; Quantitative Finance.; Actuarial Sciences.; Statistics for Business/Economics/Mathematical Finance/Insurance.

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, fina...

Table of Contents:

• Paradigms in life insurance
• About market consistent valuation in insurance
• Cash flow projection models
• Economic scenario generators
• From internal to ORSA models
• Building a model: practical implementation
• Ex-ante model validation and back-testing
• The threat of model risk for insurance companies
• Meta-models and consistency issues
• Model feeding & Data Quality
• The role of models in management decision making
• Models and behaviour of stakeholders.