Investment Management For Insurers

Author : David F. Babbel
Publisher : John Wiley & Sons
ISBN 13 : 9781883249472
Total Pages : 588 pages
Book Rating : 4.73/5 ( download)

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Download or read book Investment Management for Insurers written by David F. Babbel and published by John Wiley & Sons. This book was released on 1999-02-15 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment Management for Insurers details all phases of the investment management process for insurers as well as fixed income instruments and derivatives and state-of-the-art analytical tools for valuing securities and measuring risk. Complete coverage includes: a general overview of issues, fixed income products, valuation, measuring and controlling interest rate risk, and equity portfolio management.

Author : Edmund A. Mennis
Publisher :
ISBN 13 :
Total Pages : 680 pages
Book Rating : 4.72/5 ( download)

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Download or read book Insurance Company Investment Management Handbook written by Edmund A. Mennis and published by . This book was released on 1992 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mary Hardy
Publisher : John Wiley & Sons
ISBN 13 : 0471392901
Total Pages : 309 pages
Book Rating : 4.03/5 ( download)

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Download or read book Investment Guarantees written by Mary Hardy and published by John Wiley & Sons. This book was released on 2003-03-06 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to investment guarantees in equity-linked life insurance Due to the convergence of financial and insurance markets, new forms of investment guarantees are emerging which require financial service professionals to become savvier in modeling and risk management. With chapters that discuss stock return models, dynamic hedging, risk measures, Markov Chain Monte Carlo estimation, and much more, this one-stop reference contains the valuable insights and proven techniques that will allow readers to better understand the theory and practice of investment guarantees and equity-linked insurance policies. Mary Hardy, PhD (Waterloo, Ontario, Canada), is an Associate Professor and Associate Chair of Actuarial Science at the University of Waterloo and is a Fellow of the Institute of Actuaries and an Associate of the Society of Actuaries, where she is a frequent speaker. Her research covers topics in life insurance solvency and risk management, with particular emphasis on equity-linked insurance. Hardy is an Associate Editor of the North American Actuarial Journal and the ASTIN Bulletin and is a Deputy Editor of the British Actuarial Journal.

Author : Kathrin Glau
Publisher : World Scientific
ISBN 13 : 9813272570
Total Pages : 468 pages
Book Rating : 4.76/5 ( download)

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Download or read book Innovations In Insurance, Risk- And Asset Management - Proceedings Of The Innovations In Insurance, Risk- And Asset Management Conference written by Kathrin Glau and published by World Scientific. This book was released on 2018-09-14 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers recent developments in the interdisciplinary fields of actuarial science, quantitative finance, risk- and asset management. The authors are leading experts from academia and practice who participated in Innovations in Insurance, Risk- and Asset Management, an international conference held at the Technical University of Munich in 2017.The topics covered include the mathematics of extreme risks, systemic risk, model uncertainty, interest rate and hybrid models, alternative investments, dynamic investment strategies, quantitative risk management, asset liability management, liability driven investments, and behavioral finance.This timely selection of topics is highly relevant for the financial industry and addresses current issues both from an academic as well as from a practitioner's point of view.

Author : Kyeonghee Kim
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.40/5 ( download)

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Download or read book Essays on the Investment Management of Life Insurers written by Kyeonghee Kim and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life insurers play a major role as institutional investors in the financial markets, and their investment behavior receives considerable attention from regulators, policyholders, and participants of financial markets. In this thesis, I examine the investment management of U.S. life insurers. The thesis is comprised of two essays. In the first essay, I study the effects of investment advisor use on life insurers' investment performance. Using a measure of investment performance that accounts for investment risk and regulatory constraints, I find that life insurers experience an economically and statistically significant increase in investment returns when they start using an investment advisor. The performance increase, however, disappears over time. The investment performance effect of an investment advisor is not observed for life insurers that continuously use an investment advisor nor life insurers that switch away from using an investment advisor during the sample period. The results are robust to potential selection issues and alternative explanations. In the second essay, I study a unique type of reinsurance, modified coinsurance, which enables life insurance companies to transfer their investment risk to the reinsurer. When this reinsurance is arranged with an unaffiliated reinsurer or with affiliated foreign reinsurers, it provides risk-based capital (RBC) relief for life insurers with risky assets. I find that life insurers using this RBC-relief reinsurance hold more risky bonds but less capital than life insurers that do not use this type of reinsurance. Our findings, however, are not free of endogeneity problems because life insurers are not randomly assigned to use RBC-relief reinsurance and a life insurer's investment and capital decisions are jointly determined based on their regulatory capital requirements. In future work, I will use exogenous shocks to the bonds that life insurers hold to identify the causality between a life insurer's use of RBC-relief reinsurance and its investment and capital decisions.

Author : Vinay Couto
Publisher : John Wiley & Sons
ISBN 13 : 1119268532
Total Pages : 296 pages
Book Rating : 4.36/5 ( download)

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Download or read book Fit for Growth written by Vinay Couto and published by John Wiley & Sons. This book was released on 2017-01-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States

Author :
Publisher :
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.91/5 ( download)

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Download or read book Life Insurance Fact Book written by and published by . This book was released on 1966 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Debevoise & Plimpton Llp
Publisher :
ISBN 13 : 9781402423710
Total Pages : 448 pages
Book Rating : 4.13/5 ( download)

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Download or read book Insurance and Investment Management M&A Deskbook written by Debevoise & Plimpton Llp and published by . This book was released on 2015-05-07 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: An evolving regulatory landscape and changing economic conditions continue to affect business organization and capital requirements in the global insurance industry, leading to new participants, new transactions, and new challenges. PLI's new Insurance and Investment Management M&A Deskbook provides attorneys with an essential reference to keep up with emerging trends in insurance and investment management M&A. The Deskbook covers topics such as acquisitions of public insurance companies, blocks of insurance business and private acquisitions; the regulatory environment of the insurance industry and the financial services industry; investment in the insurance industry by private equity and pension funds; and the expansion of insurance industry participants into emerging markets around the globe. The Deskbook also provides specific guidance for understanding Lloyd's of London and the M&A market for mutual life insurers.

Author : Jay Lee
Publisher : Springer Science & Business Media
ISBN 13 : 1447149939
Total Pages : 691 pages
Book Rating : 4.34/5 ( download)

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Download or read book Engineering Asset Management 2011 written by Jay Lee and published by Springer Science & Business Media. This book was released on 2013-07-30 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Sixth World Congress on Engineering Asset Management (WCEAM) held in Cincinnati, OH, USA from October 3-5, 2011 The Proceedings of the WCEAM 2011 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset condition monitoring and intelligent maintenance; Asset data warehousing, data mining and fusion; Asset performance and level-of-service models; Design and lifecycle integrity of physical assets; Deterioration and preservation models for assets; Education and training in asset management; Engineering standards in asset management; Fault diagnosis and prognostics; Financial analysis methods for physical assets; Human dimensions in integrated asset management; Information quality management; Information systems and knowledge management; Intelligent maintenance; Intelligent sensors and devices; Maintenance strategies in asset management; Optimization decisions in asset management; Prognostics & Health Management; Risk management in asset management; Strategic asset management; and Sustainability in asset management.

Author : Pauline Barrieu
Publisher : John Wiley & Sons
ISBN 13 : 0470685085
Total Pages : 612 pages
Book Rating : 4.82/5 ( download)

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Download or read book The Handbook of Insurance-Linked Securities written by Pauline Barrieu and published by John Wiley & Sons. This book was released on 2010-06-15 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Luca Albertini and Pauline Barrieu are to be congratulated on this volume. Written in a period where structured projects in finance are having a difficult time, it is worthwhile to return to the cradle of securitisation: insurance. Spread out over three parts (life, non- life, and tax and regulatory issues) the 26 chapters, written mainly by practitioners, give an excellent overview of this challenging field of modern insurance. Methodology and examples nicely go hand in hand. The overall slant being towards actual analyses of concrete products. No doubt this book will become a milestone going forward for actuarial students, researchers, regulators and practitioners alike." —Paul Embrechts, Professor of Mathematics and Director of RiskLab, ETH Zurich The convergence of insurance with the capital markets has opened up an alternative channel for insurers to transfer risk, raise capital and optimize their regulatory reserves as well as offering institutions a source of relatively liquid investment with limited correlation with other exposures. One of the financial instruments allowing for the cession of insurance-related risks to the capital markets is Insurance-Linked Securities (ILS). This book provides hands-on information essential for market participants, drawing on the insights and expertise of an impressive team of international market players, representing the various aspects and perspectives of this growing sector. The book presents the state of the art in Insurance-Linked Securitization, by exploring the various roles for the different parties involved in the transactions, the motivation for the transaction sponsors, the potential inherent pitfalls, the latest developments and transaction structures and the key challenges faced by the market. The book is organized into parts, each covering a specific topic or sector of the market. After a general overview of the ILS market, the Insurance-Linked Securitization process is studied in detail. A distinction is made between non-life and life securitization, due to the specificities of each sector. The process and all the actors involved are identified and considered in a comprehensive and systematic way. The concepts are first looked at in a general way, before the analysis of relevant case studies where the ILS technology is applied. Particular focus is given to: the key stages in both non-life and life securitizations, including the general features of the transactions, the cedant's perspectives, the legal issues, the rating methodologies, the choice of an appropriate trigger and the risk modeling, the particular challenges related to longevity securitization, the investor's perspective and the question of the management of a portfolio of ILS, the general issues related to insurance-linked securitization, such as accounting and tax issues, regulatory issues and solvency capital requirements. The book is accompanied by a website www.wiley.com/go/albertini_barrieu_ILS which will feature updates and additions to the various contributions to follow market developments.