{"product_id":"investment-guarantees-modeling-and-risk-management-for-equity-linked-life-insurance-hardback-9780471392903","title":"Investment Guarantees; Modeling and Risk Management for Equity-Linked Life Insurance (Hardback) 9780471392903","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInvestment Guarantees\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eModeling and Risk Management for Equity-Linked Life Insurance\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMary Hardy (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471392903, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 March 2003\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e304 pages, Tables: 51 B\u0026amp;W, 0 Color; Graphs: 56 B\u0026amp;W, 0 Color\u003cbr\u003e23.9 x 16 x 2.5 cm, 0.544 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eA comprehensive guide to investment guarantees in equity-linked life insurance\u003cbr\u003e 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.\u003cbr\u003e 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction.  \u003cp\u003eInvestment Guarantees.\u003c\/p\u003e \u003cp\u003eModeling Long-Term Stock Return.\u003c\/p\u003e \u003cp\u003eMaximum Likelihood Estimation for Stock Return Models.\u003c\/p\u003e \u003cp\u003eThe Left-Tail Calibration Method.\u003c\/p\u003e \u003cp\u003eMarkov Chain Monte Carlo (MCMC) Estimation.\u003c\/p\u003e \u003cp\u003eModeling the Guarantee Liability.\u003c\/p\u003e \u003cp\u003eA Review of Option Pricing Theory.\u003c\/p\u003e \u003cp\u003eDynamic Hedging for Separate Account Guarantees.\u003c\/p\u003e \u003cp\u003eRisk Measures.\u003c\/p\u003e \u003cp\u003eEmerging Cost Analysis.\u003c\/p\u003e \u003cp\u003eForecast Uncertainty.\u003c\/p\u003e \u003cp\u003eGuaranteed Annuity Options.\u003c\/p\u003e \u003cp\u003eEquity-Indexed Annuities.\u003c\/p\u003e \u003cp\u003eAppendix A: Mortality and Survival Probabilities.\u003c\/p\u003e \u003cp\u003eAppendix B: The GMAB Option Price.\u003c\/p\u003e \u003cp\u003eAppendix C: Actuarial Notation.\u003c\/p\u003e \u003cp\u003eAppendix D: References.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52502967779608,"sku":"9780471392903","price":67.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471392903.jpg?v=1786321595","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/investment-guarantees-modeling-and-risk-management-for-equity-linked-life-insurance-hardback-9780471392903","provider":"Freshly Printed Books","version":"1.0","type":"link"}