|
Investment Guarantees: The New Science of Modeling and Risk Management for Equity-Linked Life Insurance | 
| Author: Mary Hardy
Publisher: Wiley
Category: Book
List Price: $115.00
Buy New: $65.00
You Save: $50.00 (43%)
New (21) Used (8) from $65.00
Avg. Customer Rating:  2 reviews
Sales Rank: 327272
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 352
Shipping Weight (lbs): 1.6
Dimensions (in): 9.2 x 6.5 x 1
ISBN: 0471392901
Dewey Decimal Number: 368.3200681
EAN: 9780471392903
ASIN: 0471392901
Publication Date: February 14, 2003
Availability: Usually ships in 1-2 business days
|
| Editorial Reviews:
Product Description
A comprehensive guide to investment guarantees in equity-linked life insurancebr Due to the convergence of financial and insurance markets, new forms of investment guarantees are emerging which require financial service professionals to become savvier in modeling and risk management. With chapters that discuss stock return models, dynamic hedging, risk measures, Markov Chain Monte Carlo estimation, and much more, this one-stop reference contains the valuable insights and proven techniques that will allow readers to better understand the theory and practice of investment guarantees and equity-linked insurance policies.br Mary Hardy, PhD (Waterloo, Ontario, Canada), is an Associate Professor and Associate Chair of Actuarial Science at the University of Waterloo and is a Fellow of the Institute of Actuaries and an Associate of the Society of Actuaries, where she is a frequent speaker. Her research covers topics in life insurance solvency and risk management, with particular emphasis on equity-linked insurance. Hardy is an Associate Editor of the North American Actuarial Journal and the ASTIN Bulletin and is a Deputy Editor of the British Actuarial Journal.
|
| Customer Reviews:
good description, but not enough detail June 21, 2008
1 out of 1 found this review helpful
The blend of econometrics, finance and math is fair enough. It's readable for both finance and non-finance people. There can be certain ways to make the book more pratical:br /br /1.While I understand the result of the calibrations, I'm afraid that I can't replicate the results. The calibration steps should be outlined. br /br /2.Since most of the calibration results are done by excel, the author can explain more how to do it by excel; or simply post the excel examples at the author's website. That is something that many people are doing. br /br /3. The regime-switching model, while drawing a lot of attention in academic, is still not popular. There is still not enough evidence that it outperforms the traditional ARIMA models. In fact, it's the opposite. More pages should be spent on ARIMA. br /
Very Helpful July 17, 2004
6 out of 7 found this review helpful
As guarantee products are popping up all over the global banking and insurance markets, it is absolutely essential to ensure that the proper financial values are upheld in order to avoid many of the problems that the North American market has faced. 'Investment Guarantees' does a wonderful job of describing these risks in simple enough terms that the pages can be quoted to both financial and non financial people. A very powerful read for those looking to undersand the value of guarantees that are placed on accumulation type insurance products.
|
|
|
| |