Skip to main content
  • Textbook
  • © 2015

Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

Authors:

(view affiliations)
  • 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

  • Includes supplementary material: sn.pub/extras

Part of the book series: EAA Series (EAAS)

Buying options

eBook
USD 69.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-21377-4
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD 89.99
Price excludes VAT (USA)

This is a preview of subscription content, access via your institution.

Table of contents (9 chapters)

  1. Front Matter

    Pages i-xviii
  2. Risks and Insurance

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 1-74
  3. Managing a Portfolio of Risks

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 75-155
  4. Life Insurance: Modeling the Lifetime

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 157-215
  5. Life Insurance: Pricing

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 217-270
  6. Life Insurance: Reserving

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 271-321
  7. Reserves and Profits in a Life Insurance Portfolio

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 323-351
  8. Linking Life Insurance Benefits to the Investment Performance

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 353-416
  9. Pension Plans: Technical and Financial Perspectives

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 417-438
  10. Non-life Insurance: Pricing and Reserving

    • Annamaria Olivieri, Ermanno Pitacco
    Pages 439-494
  11. Back Matter

    Pages 495-508

About this book

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

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) 

Authors and Affiliations

  • Dipartimento di Economia, Università di Parma, Parma, Italy

    Annamaria Olivieri

  • DEAMS “Bruno de Finetti”, Università di Trieste, Trieste, Italy

    Ermanno Pitacco

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

Buying options

eBook
USD 69.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-21377-4
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD 89.99
Price excludes VAT (USA)