Theory and Practice of Insurance

Theory and Practice of Insurance PDF Author: J. François Outreville
Publisher: Springer Science & Business Media
ISBN: 1461561876
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Insurance is a concept, a technique, and an economic institution. It is a major tool of risk management, and plays an important role in the economic, social, and political life of all countries. Economic growth throughout the world has even expanded the role of insurance. Theory and Practice of Insurance aims to describe the significance of insurance institutions, the reasons they exist and how they function. The author emphasizes fundamental principles in risk and insurance, using an international frame of reference. This volume begins with an introduction to the concept of risk, then proceeds to cover insurance and its relationship to the economy; the principles of risk management and insurance; and the characteristics and performance of insurance companies.

Theory and Practice of Insurance

Theory and Practice of Insurance PDF Author: J. François Outreville
Publisher: Springer Science & Business Media
ISBN: 1461561876
Category : Business & Economics
Languages : en
Pages : 342

Get Book Here

Book Description
Insurance is a concept, a technique, and an economic institution. It is a major tool of risk management, and plays an important role in the economic, social, and political life of all countries. Economic growth throughout the world has even expanded the role of insurance. Theory and Practice of Insurance aims to describe the significance of insurance institutions, the reasons they exist and how they function. The author emphasizes fundamental principles in risk and insurance, using an international frame of reference. This volume begins with an introduction to the concept of risk, then proceeds to cover insurance and its relationship to the economy; the principles of risk management and insurance; and the characteristics and performance of insurance companies.

Insurance Theory and Practice

Insurance Theory and Practice PDF Author: Rob Thoyts
Publisher: Routledge
ISBN: 1136963456
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
Presents a comprehensive overview of the theory, functioning, management and legal background of the insurance industry. This title begins with an examination of the insurance concept, its guiding principles and legal rules before moving on to an analysis of the market, its players and their roles and relationships.

Theory and Practice of Insurance

Theory and Practice of Insurance PDF Author: J. Francois Outreville
Publisher:
ISBN: 9781461561880
Category :
Languages : en
Pages : 358

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Book Description


Pricing Insurance Risk

Pricing Insurance Risk PDF Author: Stephen J. Mildenhall
Publisher: John Wiley & Sons
ISBN: 1119755670
Category : Business & Economics
Languages : en
Pages : 564

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Book Description
PRICING INSURANCE RISK A comprehensive framework for measuring, valuing, and managing risk Pricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component. The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium. They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix. Readers will discover: Definitions, classifications, and specifications of risk An in-depth treatment of classical risk measures and premium calculation principles Properties of risk measures and their visualization A logical framework for spectral and coherent risk measures How risk measures for capital and pricing are distinct but interact Why the cost of capital, not capital itself, should be allocated The natural allocation method and how it unifies marginal and risk-adjusted probability approaches Applications to reserve risk, reinsurance, asset risk, franchise value, and portfolio optimization Perfect for actuaries working in the non-life or general insurance and reinsurance sectors, Pricing Insurance Risk: Theory and Practice is also an indispensable resource for banking and finance professionals, as well as risk management professionals seeking insight into measuring the value of their efforts to mitigate, transfer, or bear nonsystematic risk.

Insurance; Its Theory and Practice in the United States

Insurance; Its Theory and Practice in the United States PDF Author: Albert Henry Mowbray
Publisher:
ISBN:
Category : Insurance
Languages : en
Pages : 678

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Book Description


Insurance

Insurance PDF Author: Albert H. Mowbray
Publisher:
ISBN:
Category :
Languages : en
Pages : 661

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Book Description


Risk Adjustment, Risk Sharing and Premium Regulation in Health Insurance Markets

Risk Adjustment, Risk Sharing and Premium Regulation in Health Insurance Markets PDF Author: Thomas G. McGuire
Publisher: Academic Press
ISBN: 012811326X
Category : Business & Economics
Languages : en
Pages : 648

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Book Description
Risk Adjustment, Risk Sharing and Premium Regulation in Health Insurance Markets: Theory and Practice describes the goals, design and evaluation of health plan payment systems. Part I contains 5 chapters discussing the role of health plan payment in regulated health insurance markets, key aspects of payment design (i.e. risk adjustment, risk sharing and premium regulation), and evaluation methods using administrative data on medical spending. Part II contains 14 chapters describing the health plan payment system in 14 countries and sectors around the world, including Australia, Belgium, Chile, China, Columbia, Germany, Ireland, Israel, the Netherlands, Russia, Switzerland and the United States. Authors discuss the evolution of these payment schemes, along with ongoing reforms and key lessons on the design of health plan payment. Provides a conceptual toolkit that describes the goals, design and evaluation of health plan payment systems in the context of policy paradigms, such as efficiency, affordability, fairness and avoidance of risk selection Brings together international experience from many different countries that apply regulated competition in different ways Delivers a practical toolkit for the evaluation of health plan payment modalities from the standpoint of efficiency and fairness

The Fundamentals of Insurance

The Fundamentals of Insurance PDF Author: Hargovind Dayal
Publisher: Notion Press
ISBN: 1947949683
Category : Business & Economics
Languages : en
Pages : 219

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Book Description
Insurance is perhaps the most effective device for managing ‘risk,’ which is a pervasive phenomenon in our lives. We can sometimes avoid or reduce it but never entirely eliminate it. Whether you are a Graduate student who is studying insurance as a part of your curriculum, or an Executive managing your Organization’s Insurance and Risk Management Program this book will provide you with a strong conceptual foundation, comprehensive knowledge of non-life and life insurance products, and perspectives on how insurance functions as a part of the economy. Essentially, you will understand ‘why’ it is needed, ‘what’ solutions it provides, and ‘how’ different business processes and professionals work together to deliver the vital compensation to victims of disasters. Organized in 18 chapters that are comprehensive yet brief, it continuously relates facts to theories, concepts to processes, events to their context, and the rule-of-thumb to underlying basic principles. Thus, insurance will be demystified, and you will be empowered to decode ‘insurance speak.’

International Property Insurance Programmes

International Property Insurance Programmes PDF Author: Claudio Böttcher
Publisher: Paragon Publishing
ISBN: 1782229019
Category : Business & Economics
Languages : en
Pages : 138

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Book Description
A lively insight and comprehensive guide for underwriters and risk and insurance managers, insurance intermediaries, college students and anyone who has an interest in international property insurance. Claudio Böttcher and Andy Baumli share their expertise in the field of international property insurance to help you understand the most important aspects/parameters of underwriting complex global industrial risks. They offer practical guidance on finding the most appropriate insurance solutions for your clients in terms of meeting their needs as well as ensuring compliance with the legal and regulatory requirements in all the countries in which they operate.

Life Insurance

Life Insurance PDF Author: Robert Irwin Mehr
Publisher: Business Publications, Incorporated
ISBN:
Category : Business & Economics
Languages : en
Pages : 824

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Book Description