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Financial Modeling, Actuarial Valuation and Solvency in Insurance || by Mario V. Wüthrich, Michael Merz (auth.) is a nonfiction available to read on EtoBox.

What is Financial Modeling, Actuarial Valuation and Solvency in Insurance || about?

Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous text on solvency modeling. Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions. Merz and Wüthrich combine ideas from financial mathematics (no-arbitrage theory, equivalent martingale measure), actuarial sciences (insurance claims modeling, cash flow valuation) and economic theory (risk aversion, probability distortion) to provide a fully consistent framework. Within this framework they then study solvency questions in incomplete markets, analyze hedging risks, and study asset-and-liability management questions, as well as issues like the limited liability options, dividend to shareholder questions, the role of re-insurance, etc. This work embeds the solvency discussion (and long-term liabilities) into a scientific framework and is intended for researchers as well as practitioners in the financial and actuarial industry, especially t

Who reads Financial Modeling, Actuarial Valuation and Solvency in Insurance ||?

Author

Mario V. Wüthrich, Michael Merz (auth.)

Publisher

Springer Berlin Heidelberg : Imprint : Springer

Published

2013

Language

EN

ISBN

9783642313912

Category

nonfiction

Subjects

Mathematics, Business, Social Science