Handbook of Solvency for Actuaries and Risk Managers: Theory and Practice (Chapman & Hall/CRC Finance Series)

Book Details
• Book Name: Handbook of Solvency for Actuaries and Risk Managers: Theory and Practice
• Format: Hardcover
• Language: English
• ISBN-13: 9781439821305
• Writer: Arne Sandström
• Publisher: CRC Press
• Edition: 1
• Binding: Hardcover
• Pages: 1114
• Release Date: 08-11-2010
• Package Dimensions: 10.0 x 7.4 x 2.2 inches

Description
Handbook of Solvency for Actuaries and Risk Managers: Theory and Practice by Arne Sandström focuses on the valuation of assets and liabilities, the calculation of capital requirements, and the implementation of the standard formula for the European Solvency II project. This comprehensive guide is essential for actuaries and risk managers involved in the insurance industry, providing a complete overview of solvency and capital requirements, as well as in-depth insights into the European Solvency II regulations.

The book is divided into sections covering solvency theory, historical development, and its role within enterprise risk management. It explains concepts like risk measures, capital requirements, and subrisks, while also discussing operational, credit, liquidity, and underwriting risks. The final sections delve into the European Solvency II project, offering detailed insights based on CEIOPS' final advice, including calibrations from quantitative impact studies.

This handbook serves as an indispensable reference for professionals working in solvency, risk management, and the insurance industry. It offers a clear definition of solvency, a historical review, and a thorough examination of capital requirements and their calculation.

Key Features
• Focus on the European Solvency II project and its capital requirement calculations
• Covers risk measures, subrisks, aggregation, and the main risks (market, credit, operational, liquidity, underwriting)
• Detailed treatment of solvency theory, historical development, and its application in enterprise risk management
• Provides a comprehensive explanation of the standard formula framework for Solvency II
• Extensive list of references and resources for further reading

Target Audience
This book is essential reading for actuaries, risk managers, and researchers in the field of insurance and solvency. It also serves as an invaluable resource for those involved in the European Solvency II project or any professionals working in risk environments. Additionally, it can be used in the education of future actuaries and risk managers.

Review Excerpts
• “A must for any actuary and risk manager in insurance... an excellent reference manual for anyone working in a risk environment, irrespective of their level of involvement in the Solvency II project.” – Annals of Actuarial Science
• “This handbook offers a comprehensive treatment of the capital requirement, and is invaluable for both professionals and those in education.” – SciTech Book News