Ermanno Pitacco's Books

ERM and QRM in Life Insurance

An Actuarial Primer

By: Ermanno Pitacco

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This book deals with Enterprise Risk Management (ERM) and, in particular, Quantitative Risk Management (QRM) in life insurance business. Constituting a “bridge” between traditional actuarial mathematics and insurance risk management processes, its purpose is to provide advanced undergraduate and graduate students in the Actuarial Sciences, Finance and Economics with the basics of ERM (in general) and QRM applied to life insurance business. The main topics dealt with are: general issues on ERM, risk management tools for life insurance and life annuities, deterministic and stochastic analysis of the behaviour of a portfolio fund, application of sensitivity testing to assess ranges of results of interest, stress testing to assess the impact of extreme scenarios, and the product development process for life annuity products.

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Page Count

236

Publisher

Springer Nature

Published Date

ISBN 10

3030498522

ISBN 13

9783030498528

Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

By: Annamaria Olivieri,Ermanno Pitacco

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Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

By: Annamaria Olivieri,Ermanno Pitacco

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.

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Page Count

521

Publisher

Springer

Published Date

ISBN 10

3319213776

ISBN 13

9783319213774

Health Insurance

Basic Actuarial Models

By: Ermanno Pitacco

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Health Insurance

Basic Actuarial Models

By: Ermanno Pitacco

Health Insurance aims at filling a gap in actuarial literature, attempting to solve the frequent misunderstanding in regards to both the purpose and the contents of health insurance products (and ‘protection products’, more generally) on the one hand, and the relevant actuarial structures on the other. In order to cover the basic principles regarding health insurance techniques, the first few chapters in this book are mainly devoted to the need for health insurance and a description of insurance products in this area (sickness insurance, accident insurance, critical illness covers, income protection, long-term care insurance, health-related benefits as riders to life insurance policies). An introduction to general actuarial and risk-management issues follows. Basic actuarial models are presented for sickness insurance and income protection (i.e. disability annuities). Several numerical examples help the reader understand the main features of pricing and reserving in the health insurance area. A short introduction to actuarial models for long-term care insurance products is also provided. Advanced undergraduate and graduate students in actuarial sciences; graduate students in economics, business and finance; and professionals and technicians operating in insurance and pension areas will find this book of benefit.

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Page Count

172

Publisher

Springer

Published Date

ISBN 10

3319122355

ISBN 13

9783319122359

Modelling Longevity Dynamics for Pensions and Annuity Business

By: Ermanno Pitacco,Michel Denuit,Steven Haberman,Annamaria Olivieri

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Modelling Longevity Dynamics for Pensions and Annuity Business

By: Ermanno Pitacco,Michel Denuit,Steven Haberman,Annamaria Olivieri

Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarily extend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality. Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount. This book provides a comprehensive and detailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relies on research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk.

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Page Count

417

Publisher

OUP Oxford

Published Date

ISBN 10

0191563153

ISBN 13

9780191563157

Modelling Longevity Dynamics for Pensions and Annuity Business

By: Ermanno Pitacco,Michel Denuit,Steven Haberman,Annamaria Olivieri

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Modelling Longevity Dynamics for Pensions and Annuity Business

By: Ermanno Pitacco,Michel Denuit,Steven Haberman,Annamaria Olivieri

A text aimed at researchers and postgraduates actuarial science, statistics, and actuarial mathematics providing a comprehensive and detailed description of statistical methods for projecting mortality, and an extensive discussion of some important issues concerning the longevity risk in the area of life annuities and pension benefits.

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Page Count

416

Publisher

Oxford University Press

Published Date

ISBN 10

0199547270

ISBN 13

9780199547272

Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

By: Annamaria Olivieri,Ermanno Pitacco

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Introduction to Insurance Mathematics

Technical and Financial Features of Risk Transfers

By: Annamaria Olivieri,Ermanno Pitacco

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Solve jigsaw puzzle

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Page Count

521

Publisher

Springer

Published Date

ISBN 10

3319213776

ISBN 13

9783319213774

Book's by Ermanno Pitacco

ERM and QRM in Life Insurance

ERM and QRM in Life Insurance

Introduction to Insurance Mathematics

Introduction to Insurance Mathematics

Health Insurance

Health Insurance

Modelling Longevity Dynamics for Pensions and Annuity Business

Modelling Longevity Dynamics for Pensions and Annuity Business

Modelling Longevity Dynamics for Pensions and Annuity Business

Modelling Longevity Dynamics for Pensions and Annuity Business

Introduction to Insurance Mathematics

Introduction to Insurance Mathematics

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