Erhältlich:
Nicht auf Lager
Buch (Hardcover): Fachbuch
Financial Modeling, Actuarial Valuation and Solvency in Insurance
Verlag:
Springer Verlag Unsere-Artikel-Nr.: RRP6L6Q
EAN: 9783642313912
Erhältlich:
Nicht auf Lager
Zustellung: Mo, 14.09.2026
Versand: Kostenlos
-25.6 %
CHF 168.–
CHF 125.–
Beschreibung
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 those in charge of internal risk management systems. Readers should have a good background in probability theory and statistics, and should be familiar with popular distributions, stochastic processes, martingales, etc.
Spezifikationen
Sprache
- Englisch
Autor
- Michael Merz
- Mario V. Wüthrich
Thema
- Wirtschaft: Allgemein
- Finanzen: Versicherungen
- Mathematische Statistik: Stochastik
- Angewandte Mathematik: Angewandte Mathematik
Kollektion
- Springer Finance
Zielgruppe
- Professional/practitioner
Erscheinungsjahr
- 2013
Erscheinungsland
- Deutschland
Format
- Buch (Hardcover)
Anzahl Seiten
- 432