The aim of this book is to provide an overview of risk management in life insurance companies. The focus is twofold: to provide a broad view of the different topics needed for risk management and to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has be[...]
The book provides a sound mathematical base for life insurance mathematics and applies the underlying concepts to concrete examples. Moreover the models presented make it possible to model life insurance policies by means of Markov chains. Two chapters covering ALM and abstract valuation concepts on[...]