An Introduction to Computational Risk Management of Equity-Linked Insurance Pdf

An Introduction to Computational Risk Management of Equity-Linked Insurance Pdf
About the book:
An Introduction to Computational Risk Management of Equity-Linked Insurance Book
Author: Runhuan Feng
Series: Chapman and Hall/CRC Financial Mathematics Series
Publisher: CRC Press; 1 edition
Publish date: (June 12, 2018)
ISBN-10: 1498742165
ISBN-13: 978-1498742160
Pages: 300 eBook pages can be different
Language: English
Genres: Business & Finance , Banking Erotica , Insurance , Risk Management, Economics
Review
The quantitative modeling of complex systems of interacting risks is a fairly recent development in the financial and insurance industries. Over the past decades, there has been tremendous innovation and development in the actuarial field. In addition to undertaking mortality and longevity risks in traditional life and annuity products, insurers face unprecedented financial risks since the introduction of equity-linking insurance in 1960s. As the industry moves into the new territory of managing many intertwined financial and insurance risks, non-traditional problems and challenges arise, presenting great opportunities for technology development.
Today’s computational power and technology make it possible for the life insurance industry to develop highly sophisticated models, which were impossible just a decade ago. Nonetheless, as more industrial practices and regulations move towards dependence on stochastic models, the demand for computational power continues to grow. While the industry continues to rely heavily on hardware innovations, trying to make brute force methods faster and more palatable, we are approaching a crossroads about how to proceed. An Introduction to Computational Risk Management of Equity-Linked Insurance provides a resource for students and entry-level professionals to understand the fundamentals of industrial modeling practice, but also to give a glimpse of software methodologies for modeling and computational efficiency.
An Introduction to Computational Risk Management of Equity-Linked Insurance Pdf
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