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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"This is a good introductory book on the topics. This book is clearly written for students in the arena of insurance industry. This is also a good reference book for professionals. ... Each chapter of the book ends with a section providing bibliographic references and suggestions for further reading. ... this is a good contribution, providing up-to-date coverage on selected insurance topics in a logical and systematic manner." (Technometrics, Vol. 58 (2), February, 2016)