Risk Management for Insurers

Enables the reader to get to grips with risk management terms and techniques and how they relate specifically to the insurance industry. This book demonstrates how Solvency II is shaping the regulatory agenda and its likely impact on the insurance industry.

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This new user-friendly book will help the reader to quickly get to grips with risk management terms and techniques and how they relate specifically to the insurance industry. It also demonstrates how Solvency II is already shaping the regulatory agenda and its likely impact on the insurance industry. "Risk Management for Insurers" is an accessible reference for the whole insurance industry, identifying and discussing how to measure and manage seven major risk types such as: Market risk, including interest rate and equity risk; Credit risk; Liquidity risk; Non-life risk; Life risk; Operational risk; and Business risk. The main benefit of "Risk Management for Insurers" is that it emphasizes the practical risk management concepts, rather than technical calculations and detailed theory, making it easier for a layman to understand. All concepts and terms are applied to clear illustrative examples and the regulation and supervision developments are simple to follow. It is recommended for risk managers, actuaries, controllers, accountants, auditors, corporate finance managers, underwriting and reinsurance managers, investment managers, equity analysts and financial consultants.