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, 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.
Finally! An easy to read and understand book about one the most important subjects most people never learn about...until it's too late! Life Insurance! The first half of this book is written in a simple style to help the reader easily understand the different types of life insurance without overwhelming graphs and mind numbing charts. The second half of this book with take the reader on a journey across kitchen tables and experience real life stories of some of the disasters and pitfalls that many of the folks we have met, have made. It also includes some good and happy endings of some of these folks, as well. It will shed light on the dangers of misinformation or lack of knowledge on this important subject. I hope this book will educate and enlighten the reader and help preserve their family's legacy.
This book explores the central problems underlying the insurance of aviation war and terrorism risks and associated perils. It critically analyses the reasons why conventional insurance markets are unwilling or unable to provide sustainable insurance coverage for aviation war and terrorism risks in the aftermath of catastrophic events such as the terrorist events of September 11, 2001. It also examines some of the prominent concepts proposed and/or implemented after 9/11 to determine whether and to what extent these concepts avoid identified pitfalls. Like many of life's essentials, the importance of insurance is most evident when it is not available. The sheer scale and magnitude of the insurance losses that followed 9/11 caused conventional insurance markets (which hitherto had been offering generous insurance coverage for aviation war and terrorism risks to air transport operators for little or no premium) to withdraw coverage forthwith. The ensuing absence or insufficiency of commercial insurance coverage for aviation war and terrorism risks has sparked a global search for viable and sustainable alternatives. Ten years have since elapsed, and despite numerous efforts, the fundamental problems remain unresolved. The book proceeds on the premise that the underlying issues are not entirely legal in nature; they have immense economic, psychological and policy implications that cannot be underestimated. A multidisciplinary approach is therefore used in examining the issues, drawing heavily upon analytical principles adapted from law and economics and behavioural law and economics. It is hoped that the resulting study will be beneficial not only to lawyers and those interested in aviation insurance but also to economists, air transport insurance program managers, capital market investors and governmental policymakers, both at the national and international levels.
Writing to encourage believers, Murray desired that all Christians discover the abundant life in Christ available to those who pray fervently. Identifying prayerlessness as a serious sin of omission, he instructs sincere believers in how to be delivered from this sin and make prayer a priority, resulting in the blessing of renewed fellowship with Christ. Originally titled The Prayer Life, this devotional classic includes examples from the lives of the apostle Paul, George MAÂ¬ller, Hudson Taylor, and more.
This money-saving package includes the 4th edition of Health Insurance Today?Textbook and Workbook.