EBOOK - Risk Management for Insurers - Risk Control, Economic Capital and Solvency II, Full Edition (René Doff)
17 thg 11, 2024 | 16:50

EBOOK - Risk Management for Insurers - Risk Control, Economic Capital and Solvency II, Full Edition (René Doff)



The insurance industry is facing turbulent times and risk management is at the top of the agenda. This is particularly the case in Europe, where the introduction of Solvency II will drastically redesign the supervisory rules for regulatory capital for insurance companies. Therefore it is crucial that the industry fully understands how to implement risk management best practice.

Solvency II is reaching a final phase and pressure is mounting on insurers to implement and professionalise risk management practices. Needless to say, supervisors are encouraging risk management information to be more widely spread throughout organisations in order for it to be fully integrated into the day-to-day management of the business. Many companies are at this moment upgrading their risk management systems.


In this timely new book, industry expert René Doff argues that Solvency II, which aims to improve standards of risk assessment, should be regarded as an opportunity. Solvency II will provide incentives for insurance companies to improve their risk management systems and will allow you to benefit from the risk management efforts in the context of supervision.


Risk management and value creation are inherently tied together. This book also shows how to integrate risk and value management into the management control framework of insurance companies. It highlights the evolution of embedded value into market consistent techniques and fair value. These issues are also relevant in the context of accounting regulation (IFRS).


This new user-friendly book will help you 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:


Market risk, including interest

rate and equity risk

Credit risk

Liquidity risk

Non-life risk

Life risk

Operational risk

Business risk

The main benefit of Risk Management for Insurers is that it emphasises the practical risk management concepts, rather than technical calculations and detailed theory, making it easier for a layman to understand. What s more, all concepts and terms are applied to clear illustrative examples and the regulation and supervision developments are simple to follow.


As it is becoming increasingly important to interpret and incorporate the economic capital outcomes of all the risk models discussed, the book also focuses on the terminology and methods for calculating economic capital and fair value.


It is recommended for risk managers, actuaries, controllers, accountants, auditors, corporate finance managers, underwriting and reinsurance managers, investment managers, equity analysts and financial consultants.


CONTENTS:


1 Introduction 1

2 The Insurer as a Financial Institution 11

3 Underwriting Risks: Life Risk and Non-Life Risk 37

4 Investment Risks:  Market, Credit and Liquidity Risk 63

5 Non-Financial Risks:  Operational and Business Risk 87

6 The Global Financial Crisis 111

7 Insurance Regulation and Supervision 137

8 Solvency II 169

9 Banking Supervision: Basel I, II and III 211

10 Management Control 233

11 Organising Risk Management 273

12 Conclusion 295

Selected Bibliography









EBOOK - Risk Management for Insurers - Risk Control, Economic Capital and Solvency II, 2th Edition (René Doff) 2011.


LINK DOWNLOAD (TÀI LIỆU VIP MEMBER)



The insurance industry is facing turbulent times and risk management is at the top of the agenda. This is particularly the case in Europe, where the introduction of Solvency II will drastically redesign the supervisory rules for regulatory capital for insurance companies. Therefore it is crucial that the industry fully understands how to implement risk management best practice.

Solvency II is reaching a final phase and pressure is mounting on insurers to implement and professionalise risk management practices. Needless to say, supervisors are encouraging risk management information to be more widely spread throughout organisations in order for it to be fully integrated into the day-to-day management of the business. Many companies are at this moment upgrading their risk management systems.


In this timely new book, industry expert René Doff argues that Solvency II, which aims to improve standards of risk assessment, should be regarded as an opportunity. Solvency II will provide incentives for insurance companies to improve their risk management systems and will allow you to benefit from the risk management efforts in the context of supervision.


Risk management and value creation are inherently tied together. This book also shows how to integrate risk and value management into the management control framework of insurance companies. It highlights the evolution of embedded value into market consistent techniques and fair value. These issues are also relevant in the context of accounting regulation (IFRS).


This new user-friendly book will help you 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:


Market risk, including interest

rate and equity risk

Credit risk

Liquidity risk

Non-life risk

Life risk

Operational risk

Business risk

The main benefit of Risk Management for Insurers is that it emphasises the practical risk management concepts, rather than technical calculations and detailed theory, making it easier for a layman to understand. What s more, all concepts and terms are applied to clear illustrative examples and the regulation and supervision developments are simple to follow.


As it is becoming increasingly important to interpret and incorporate the economic capital outcomes of all the risk models discussed, the book also focuses on the terminology and methods for calculating economic capital and fair value.


It is recommended for risk managers, actuaries, controllers, accountants, auditors, corporate finance managers, underwriting and reinsurance managers, investment managers, equity analysts and financial consultants.


CONTENTS:


1 Introduction 1

2 The Insurer as a Financial Institution 11

3 Underwriting Risks: Life Risk and Non-Life Risk 37

4 Investment Risks:  Market, Credit and Liquidity Risk 63

5 Non-Financial Risks:  Operational and Business Risk 87

6 The Global Financial Crisis 111

7 Insurance Regulation and Supervision 137

8 Solvency II 169

9 Banking Supervision: Basel I, II and III 211

10 Management Control 233

11 Organising Risk Management 273

12 Conclusion 295

Selected Bibliography









EBOOK - Risk Management for Insurers - Risk Control, Economic Capital and Solvency II, 2th Edition (René Doff) 2011.


LINK DOWNLOAD (TÀI LIỆU VIP MEMBER)

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