Products related to Risk:
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Sustainable Life Insurance : Managing Risk Appetite for Insurance Savings and Retirement Products
Sustainable Life Insurance: Managing Risk Appetite for Insurance Savings and Retirement Products gives an overview of all relevant aspects of traditional and non-traditional savings and retirement products from both insurers’ and policyholders’ respective risk appetites.Examples of such products include general accounts, whole life, annuities (variable, fixed and fixed indexed, structured), index-linked products, CPPI-based products, etc. The book contains technical details associated with both practice and theory, specifically related to modelling, product design, investments and risk management challenges and solutions, tailored to both insurers’ and policyholders’ perspectives. FeaturesThe book offers not only theoretical background but also concrete, cutting-edge "quick wins" across strategic and operational business axes. It will be an asset for professionals in the insurance industry, and a great teaching/learning resource for courses in risk management, insurance modelling, and more. The book highlights the operational challenges encountered across modelling, product designs and hedging.
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Risk Management & Introduction to Insurance
A guide to both risk management and insurance. Risk management is becoming increasingly important to companies and society in general, and Risk Management & Introduction to Insurance offers an accessible guide for anyone trying to understand it.Divided into two parts, the book first offers an introduction that examines the concept of risk and its historical context while defining the key terminology.In addition, the tools necessary for risk assessment are reviewed and the different steps of the risk management process are discussed.The second part of the book focuses on the economics of insurance, social insurance, and the private insurance market.The different branches and products of private insurance are analyzed, and an overview of the basics of calculating insurance premiums based on contractual benefits and the practice of an actuary is provided.Numerous practical applications (such as cyber risk management), examples, and illustrations complete the book.As a whole, the book is an essential reference for business school students, professionals, and anyone interested in risk management and insurance.
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Security Risk Models for Cyber Insurance
Tackling the cybersecurity challenge is a matter of survival for society at large.Cyber attacks are rapidly increasing in sophistication and magnitude—and in their destructive potential.New threats emerge regularly, the last few years having seen a ransomware boom and distributed denial-of-service attacks leveraging the Internet of Things.For organisations, the use of cybersecurity risk management is essential in order to manage these threats.Yet current frameworks have drawbacks which can lead to the suboptimal allocation of cybersecurity resources.Cyber insurance has been touted as part of the solution – based on the idea that insurers can incentivize companies to improve their cybersecurity by offering premium discounts – but cyber insurance levels remain limited.This is because companies have difficulty determining which cyber insurance products to purchase, and insurance companies struggle to accurately assess cyber risk and thus develop cyber insurance products.To deal with these challenges, this volume presents new models for cybersecurity risk management, partly based on the use of cyber insurance.It contains: A set of mathematical models for cybersecurity risk management, including (i) a model to assist companies in determining their optimal budget allocation between security products and cyber insurance and (ii) a model to assist insurers in designing cyber insurance products. The models use adversarial risk analysis to account for the behavior of threat actors (as well as the behavior of companies and insurers). To inform these models, we draw on psychological and behavioural economics studies of decision-making by individuals regarding cybersecurity and cyber insurance. We also draw on organizational decision-making studies involving cybersecurity and cyber insurance.Its theoretical and methodological findings will appeal to researchers across a wide range of cybersecurity-related disciplines including risk and decision analysis, analytics, technology management, actuarial sciences, behavioural sciences, and economics.The practical findings will help cybersecurity professionals and insurers enhance cybersecurity and cyber insurance, thus benefiting society as a whole. This book grew out of a two-year European Union-funded project under Horizons 2020, called CYBECO (Supporting Cyber Insurance from a Behavioral Choice Perspective).
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Pricing Insurance Risk : Theory and Practice
PRICING INSURANCE RISK A comprehensive framework for measuring, valuing, and managing risk Pricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component. The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium.They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix. Readers will discover: Definitions, classifications, and specifications of riskAn in-depth treatment of classical risk measures and premium calculation principlesProperties of risk measures and their visualizationA logical framework for spectral and coherent risk measuresHow risk measures for capital and pricing are distinct but interactWhy the cost of capital, not capital itself, should be allocatedThe natural allocation method and how it unifies marginal and risk-adjusted probability approachesApplications to reserve risk, reinsurance, asset risk, franchise value, and portfolio optimization Perfect for actuaries working in the non-life or general insurance and reinsurance sectors, Pricing Insurance Risk: Theory and Practice is also an indispensable resource for banking and finance professionals, as well as risk management professionals seeking insight into measuring the value of their efforts to mitigate, transfer, or bear nonsystematic risk.
Price: 75.00 £ | Shipping*: 0.00 £
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What is the risk of investing in stocks?
Investing in stocks carries various risks, including market volatility, economic downturns, and company-specific risks such as poor management decisions or competition. Stock prices can fluctuate significantly in the short term, leading to potential losses for investors. Additionally, there is always the risk of losing the entire investment if a company goes bankrupt. It is important for investors to carefully assess their risk tolerance and diversify their portfolio to mitigate these risks.
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What is the risk of unemployment when investing in a property?
Investing in property does not guarantee a steady income, and there is a risk of not being able to find tenants, which could lead to a loss of rental income and potential financial strain. Additionally, property values can fluctuate, and if the market experiences a downturn, it may be challenging to sell the property at a profit. Economic factors, such as interest rates and job market conditions, can also impact the demand for rental properties, potentially increasing the risk of vacancies and financial instability.
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Which risk do you prefer: normal risk or deluxe risk?
I prefer normal risk because it allows for a balance between potential reward and potential loss. Deluxe risk may offer higher potential rewards, but it also comes with a higher likelihood of significant loss. Normal risk allows for a more conservative approach to managing potential risks and rewards, which aligns with my preference for stability and security.
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Is it a big risk to send the package without insurance?
Yes, it is a big risk to send a package without insurance. Without insurance, the sender is taking on the full responsibility for any loss, damage, or theft that may occur during transit. If the package is valuable or contains important items, it is highly recommended to purchase insurance to protect against potential financial loss. Insurance provides peace of mind and financial protection in case something goes wrong during the shipping process.
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Robust Regression Methods for Insurance Risk Classification
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Risk Measures and Insurance Solvency Benchmarks : Fixed-Probability Levels in Renewal Risk Models
Risk Measures and Insurance Solvency Benchmarks: Fixed-Probability Levels in Renewal Risk Models is written for academics and practitioners who are concerned about potential weaknesses of the Solvency II regulatory system.It is also intended for readers who are interested in pure and applied probability, have a taste for classical and asymptotic analysis, and are motivated to delve into rather intensive calculations.The formal prerequisite for this book is a good background in analysis.The desired prerequisite is some degree of probability training, but someone with knowledge of the classical real-variable theory, including asymptotic methods, will also find this book interesting.For those who find the proofs too complicated, it may be reassuring that most results in this book are formulated in rather elementary terms.This book can also be used as reading material for basic courses in risk measures, insurance mathematics, and applied probability.The material of this book was partly used by the author for his courses in several universities in Moscow, Copenhagen University, and in the University of Montreal.Features Requires only minimal mathematical prerequisites in analysis and probability Suitable for researchers and postgraduate students in related fields Could be used as a supplement to courses in risk measures, insurance mathematics and applied probability.
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Direct Real Estate Duration Risk, Total Risk and the Residential Mortgage Life Insurance (Rmli)
Chapter 1 compares the direct real estate (DRE) duration Beta estimates with the time-varying Beta regression estimates, for each of the three prime DRE sectors.Except for the prime office sector, both the duration Beta and the time-varying Beta profiles follow the same general trend.The luxury residential sector and the prime office sector are inclined to move in opposite direction.However, the prime office sector shows greater volatility in the duration Beta compared with the time-varying Beta. Chapter 2 demonstrates overall that in the presence of a set of limited available information comprising a direct real estate (DRE) asset's passing (annual) rent, the current rental value, the expected yields and the yield-growth movements from a DRE sector analysis, conducted by a DRE consultancy or service provider, the risk-free rate and the lease maturity period; it is readily feasible to model and rigorously estimate several key risk measures and the expected total returns (TRs).Such a model and its estimations can be achieved through an ex-ante integrated DRE risk-measure model, which innovatively combines the bond duration-convexity risk conception, the Beta distribution function, and the DRE equivalent (rental) yield valuation conception. Finally, Chapter 3 looks at the structural and behavioural experience of the prepayment risk for the underlying mortgages of China's rapidly developing residential mortgage life insurance (RMLI) market.A reliable private prepayment dataset for China's commercial center - the city of Shanghai - is deployed.Chapter 3 estimates the relationship between RMLI's underlying mortgage prepayment risk and the observable macroeconomic factors, loan specific factors and borrower specific characteristics.A Cox proportional hazard model is adopted for this purpose. Chapter 4 summarises the book's findings and highlights the contributions and recommendations made
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Principles of Risk Management and Insurance, Global Editon
Price: 66.99 £ | Shipping*: 0.00 £
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How can one contribute to retirement savings?
One can contribute to retirement savings by setting up a retirement account such as a 401(k) or an Individual Retirement Account (IRA) and making regular contributions to it. It is also important to take advantage of any employer-sponsored retirement plans and contribute enough to receive any matching contributions. Additionally, one can increase their retirement savings by cutting back on unnecessary expenses and increasing their income through side hustles or investments. Regularly reviewing and adjusting one's retirement savings plan to ensure it aligns with their financial goals is also crucial.
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Should I take a second risk and risk a second rejection?
Taking a second risk and risking a second rejection can be a difficult decision. It's important to consider the potential benefits of taking the risk, as well as the potential consequences of facing rejection again. If the potential rewards outweigh the potential negative outcomes, and if you believe that the risk is worth taking, then it may be worth considering taking the second risk. However, it's also important to take into account your emotional well-being and to consider whether you are prepared to handle another rejection. Ultimately, the decision to take a second risk is a personal one and should be carefully considered based on your individual circumstances.
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Would you risk it?
As an AI, I do not have the capacity to take risks or make decisions based on emotions or personal preferences. However, I can provide information and analysis to help individuals make informed decisions about whether or not to take risks based on their own circumstances and risk tolerance. Ultimately, the decision to take a risk depends on the potential benefits, the likelihood of success, and the individual's willingness to accept the potential consequences.
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Is life a risk?
Life inherently involves risk, as we are constantly faced with uncertainty and the potential for negative outcomes. From making decisions about our careers, relationships, and health, to simply crossing the street, we are always exposed to some level of risk. However, it is important to remember that taking risks can also lead to growth, learning, and new opportunities. Ultimately, how we navigate and manage these risks is what shapes our experiences and defines our lives.
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