Insurance : From Underwriting to Derivatives : Asset Liability Management in Insurance Companies (Wiley Series in Financial Engineering)

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Insurance : From Underwriting to Derivatives : Asset Liability Management in Insurance Companies (Wiley Series in Financial Engineering)

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  • 製本 Hardcover:ハードカバー版/ページ数 165 p.
  • 言語 ENG
  • 商品コード 9780471492276
  • DDC分類 368.01

基本説明

Explores the convergence between the insurance industry and the capital markets. Insurance is now regarded as an emerging asset class, with insurance risks being priced and traded on the markets.

Full Description


An in-depth look at the increasingly significant convergence between the insurance industry and the capital markets. This important publication, by two premier financial experts, explores the unique convergence of finance and insurance. The book covers the basics of property-casualty insurance, securitizing insurance risks, looks at life insurance in the United States and ALM in insurance. It addresses the questions and concerns of investment banks, brokerage firms and the insurance/reinsurance sector itself, examines ongoing trends and issues, and how current market pressures on insurance companies do not just create challenges but actually point the way to future promising developments.

Table of Contents

  Introduction
1. A Reminder of Key Financial Concepts
2. Debunking Some Common Pitfalls in
Insurance
3. Life Insurance in the United States:
Genesis of a Crisis
4. An Empirical Investigation of the
Riskiness of European and American Insurance
Companies
5. Life Insurance in a Contingent-Claim
Framework: Pricing and Regulatory Implications
6. The Riskiness of Life Insurance
Liabilities: Immunization Implications
7. Underwriting Profit and Financial
Income in Property-Casualty Insurance
8. Securitization and Insurance as a New
Asset Class
9. Some Issues on Reinsurance