A critical point in an actuary's education is the transition from understanding the mathematical underpinnings of actuarial science to putting them into practice. The problems become less well-defined and the solutions less clear-cut. Understanding Actuarial Practice is designed to aid that transition in four of the areas in which actuaries practice: investments, life insurance and annuities, retirement benefits, and health insurance. In each area students are introduced to the products that are delivered in each area and the relevant methods with regard to pricing, reserving and funding.
This guide provides a comprehensive set of exercises and solutions for a deeper understanding of the critical elements of Corporate Value of Enterprise Risk Management.
This manual is comprehensive and written in an easy-to-understand style. In many cases, it goes beyond an outline and thoroughly explains the more difficult topics. Concepts are introduced in a clear way so that students can quickly understand new topics. Among the many features of this manual are detailed review examples and exercises embedded into the text, additional practice problems at the end of each unit, a key formulas summary and calculator assistance. The manual concludes with eleven sample practice exams.
Bodie, Kane, and Marcus’ Investments sets the standard for graduate/MBA investments textbooks. It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts.
This thoroughly revised and updated book provides a strategic and operational resource for use in planning and decision-making. The Handbook enables readers to fine-tune operation strategies by providing updates on critical managed care issues, insights to the complex managed care environment, and methods to gain and maintain cost-efficient, high quality health services. With 30 new chapters, it includes advice from managers in the field on how to succeed in every aspect of managed care including: quality management, claims and benefits administration, and managing patient demand.
For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.
Bridge the gap between theory and practice.
Designed to bridge the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics.
The eighth edition has been updated and improved–featuring a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued.
Variable Annuities provides an overview of all the relevant aspects of variable annuity (VA) products from an insurers perspective. It is a collection of contributions from several authors, co-ordinated in such a way that it covers all relevant areas with minimal overlap and a consistent level of detail. The market is of huge interest for US, European and Japanese insurers.
A classic book on credit risk management is updated to reflect the current economic crisis
Credit Risk Management In and Out of the Financial Crisis dissects the 2007-2008 credit crisis and provides solutions for professionals looking to better manage risk through modeling and new technology. This book is a complete update to Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, reflecting events stemming from the recent credit crisis.
The ultimate guide to maximizing shareholder value through ERM
The first book to introduce an emerging approach synthesizing ERM and value-based management, Corporate Value of Enterprise Risk Management clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes.
A hot topic in the wake of a series of corporate scandals as well as the financial crisis
Looks at ERM as a way to deliver on the promise of balancing risk and return
