Pricing Insurance Risk: Theory and Practice – Ebook Instant Download/Delivery ISBN(s): 9781119755678,1119755670, 9781119756521, 1119756529

Product details:

• ISBN-10: 1119756529
• ISBN-13: 9781119756521
• Author: John A. Major, Stephen J. Mildenhall 

Pricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component.

The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium. They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix.

Table contents:

1 Introduction

2 The Insurance Market and Our Case Studies

Part I Risk 

3 Risk and Risk Measures

4 Measuring Risk with Quantiles, VaR, and TVaR

5 Properties of Risk Measures and Advanced Topics

6 Risk Measures in Practice

7 Guide to the Practice Chapters

Part II Portfolio Pricing 

8 Classical Portfolio Pricing Theory

9 Classical Portfolio Pricing Practice

10 Modern Portfolio Pricing Theory

11 Modern Portfolio Pricing Practice

Part III Price Allocation 

12 Classical Price Allocation Theory

13 Classical Price Allocation Practice

14 Modern Price Allocation Theory

15 Modern Price Allocation Practice

Part IV Advanced Topics 

16 Asset Risk

17 Reserves

18 Going Concern Franchise Value

19 Reinsurance Optimization

20 Portfolio Optimization

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