Laurent J., Norberg A., Planchet F. (Eds.) Modelling in Life Insurance - A Management Perspective

Springer, 2016. — 255 p.Focusing on life insurance and pensions, this book addresses various aspects of modeling 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 insurancemathematics; choice, calibration, and evaluation of models; documentation and quality checks of data; new insurance regulations and accounting rules; cashflow projection models; economic scenario generators; model uncertainty andmodel risk; model-based decision-making at line management level; models andbehaviour 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.