Stochastic Mortality Models and Securitization in Life Insurance PDF Download

Author: Sandra Caterina Gaißer
Publisher:
ISBN: 9783931289713
Category :
Languages : en
Pages : 125

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Author: Daniel Bauer
Publisher:
ISBN: 9783931289843
Category : Dissertation / Thesis - 18
Languages : en
Pages : 242

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Book Description

Author: María del Carmen Boado-Penas
Publisher: Springer Nature
ISBN: 3030783340
Category : Applied mathematics
Languages : en
Pages : 314

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Book Description
This open access book collects expert contributions on actuarial modelling and related topics, from machine learning to legal aspects, and reflects on possible insurance designs during an epidemic/pandemic. Starting by considering the impulse given by COVID-19 to the insurance industry and to actuarial research, the text covers compartment models, mortality changes during a pandemic, risk-sharing in the presence of low probability events, group testing, compositional data analysis for detecting data inconsistencies, behaviouristic aspects in fighting a pandemic, and insurers' legal problems, amongst others. Concluding with an essay by a practicing actuary on the applicability of the methods proposed, this interdisciplinary book is aimed at actuaries as well as readers with a background in mathematics, economics, statistics, finance, epidemiology, or sociology.

Author: Andrew J. G. Cairns
Publisher: Princeton University Press
ISBN: 0691187428
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
The field of financial mathematics has developed tremendously over the past thirty years, and the underlying models that have taken shape in interest rate markets and bond markets, being much richer in structure than equity-derivative models, are particularly fascinating and complex. This book introduces the tools required for the arbitrage-free modelling of the dynamics of these markets. Andrew Cairns addresses not only seminal works but also modern developments. Refreshingly broad in scope, covering numerical methods, credit risk, and descriptive models, and with an approachable sequence of opening chapters, Interest Rate Models will make readers--be they graduate students, academics, or practitioners--confident enough to develop their own interest rate models or to price nonstandard derivatives using existing models. The mathematical chapters begin with the simple binomial model that introduces many core ideas. But the main chapters work their way systematically through all of the main developments in continuous-time interest rate modelling. The book describes fully the broad range of approaches to interest rate modelling: short-rate models, no-arbitrage models, the Heath-Jarrow-Morton framework, multifactor models, forward measures, positive-interest models, and market models. Later chapters cover some related topics, including numerical methods, credit risk, and model calibration. Significantly, the book develops the martingale approach to bond pricing in detail, concentrating on risk-neutral pricing, before later exploring recent advances in interest rate modelling where different pricing measures are important.

Author: Marida Bertocchi
Publisher: John Wiley & Sons
ISBN: 0470377348
Category : Business & Economics
Languages : en
Pages : 432

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Book Description
A straightforward guide focused on life cycle investing-namely aging, retirement, and pensions Life cycle investing and the implications of aging, retirement, and pensions continues to grow in importance. With people living longer, the relative and absolute number of retirees is growing while the number of workers contributing to pension funds is declining. This reliable resource develops a detailed economic analysis-at the micro (individual) and macro (economy wide) levels-which addresses issues regarding the economics of an aging population. Topics touched upon include retirement and the associated health care funding of the aged as well as social security and the asset classes that are considered asset-liability choices over time. The probability of achieving adequate return patterns from various investment strategies and asset classes is reviewed Shares rich insights on the aging, retirement, and pensions dilemma An assessment of the resources the real economy will be able to commit to non-workers is provided The three pillars of retirement are social security, company pensions, and private savings. Each of these pillars is confronted with a variety of asset-liability problems, and this book will addresses them.

Author: Mark Zhou
Publisher: Springer
ISBN: 3642230628
Category : Computers
Languages : en
Pages : 627

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Book Description
This four-volume-set (CCIS 208, 209, 210, 211) constitutes the refereed proceedings of the International Symposium on Applied Economics, Business and Development, ISAEBD 2011, held in Dalian, China, in August 2011. The papers address issues related to Applied Economics, Business and Development and cover various research areas including Economics, Management, Education and its Applications.

Author: Marco Micocci
Publisher: CRC Press
ISBN: 1439817545
Category : Business & Economics
Languages : en
Pages : 766

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Book Description
As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr

Author:
Publisher: ScholarlyEditions
ISBN: 1464966958
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Issues in Insurance and Risk Management / 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Insurance and Risk Management. The editors have built Issues in Insurance and Risk Management: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Insurance and Risk Management in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Insurance and Risk Management: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Author: Giray Gozgor
Publisher: Frontiers Media SA
ISBN: 2832514375
Category : Medical
Languages : en
Pages : 451

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Author: Robert Schoen
Publisher: Springer Science & Business Media
ISBN: 1402052308
Category : Social Science
Languages : en
Pages : 254

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Book Description
Dynamic Population Models is the first book to comprehensively discuss and synthesize the emerging field of dynamic modeling. Incorporating the latest research, it includes thorough discussions of population growth and momentum under gradual fertility declines, the impact of changes in the timing of events on fertility measures, and the complex relationship between period and cohort measures. The book is designed to be accessible to those with only a minimal knowledge of calculus.