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© 2015

Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

  • Focuses on quantitative phases of the risk management process, in particular risk assessment

  • Deals with a wide range of topics in life insurance, non-life insurance and pensions

  • Emphasizes practical issues

  • Offers an application-oriented approach

Textbook

Part of the EAA Series book series (EAAS)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Annamaria Olivieri, Ermanno Pitacco
    Pages 1-74
  3. Annamaria Olivieri, Ermanno Pitacco
    Pages 75-155
  4. Annamaria Olivieri, Ermanno Pitacco
    Pages 157-215
  5. Annamaria Olivieri, Ermanno Pitacco
    Pages 217-270
  6. Annamaria Olivieri, Ermanno Pitacco
    Pages 271-321
  7. Annamaria Olivieri, Ermanno Pitacco
    Pages 323-351
  8. Annamaria Olivieri, Ermanno Pitacco
    Pages 353-416
  9. Annamaria Olivieri, Ermanno Pitacco
    Pages 417-438
  10. Annamaria Olivieri, Ermanno Pitacco
    Pages 439-494
  11. Back Matter
    Pages 495-508

About this book

Introduction

This second edition expands the first chapters, which focus on the approach to risk management issues discussed in the first edition, to offer readers a better understanding of the risk management process and the relevant quantitative phases. In the following chapters the book examines life insurance, non-life insurance and pension plans, presenting the technical and financial aspects of risk transfers and insurance without the use of complex mathematical tools.
 
The book is written in a comprehensible style making it easily accessible to advanced undergraduate and graduate students in Economics, Business and Finance, as well as undergraduate students in Mathematics who intend starting on an actuarial qualification path. With the systematic inclusion of practical topics, professionals will find this text useful when working in insurance and pension related areas, where investments, risk analysis and financial reporting play a major role.

Keywords

actuarial technique life insurance non-life insurance post-retirement income premiums calculation reinsurance reserves calculation risk management process

Authors and affiliations

  1. 1.Dipartimento di EconomiaUniversità di ParmaParmaItaly
  2. 2.DEAMS “Bruno de Finetti”Università di TriesteTriesteItaly

About the authors

Professor Ermanno Pitacco, Full professor at the University of Trieste Professor Annamaria Olivieri, Full professor at the University of Parma.

Bibliographic information

Industry Sectors
Finance, Business & Banking

Reviews

“This is a good introductory book on the topics. This book is clearly written for students in the arena of insurance industry. This is also a good reference book for professionals. … Each chapter of the book ends with a section providing bibliographic references and suggestions for further reading. … this is a good contribution, providing up-to-date coverage on selected insurance topics in a logical and systematic manner.” (Technometrics, Vol. 58 (2), February, 2016)