| Fundamentals of the Insurance Business 2021 Edition Contributor(s): Maggioni, Massimiliano (Author), Turchetti, Giuseppe (Author) |
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ISBN: 3319528505 ISBN-13: 9783319528502 Publisher: Springer OUR PRICE: $132.99 Product Type: Hardcover Published: July 2024 This item may be ordered no more than 25 days prior to its publication date of July 28, 2024 |
| Additional Information |
| BISAC Categories: - Business & Economics | Insurance - Risk Assessment & Management - Business & Economics | Corporate Finance - General - Business & Economics | Statistics |
| Dewey: 330.015 |
| Series: Springer Texts in Business and Economics |
| Physical Information: 762 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four parts and 35 chapters. Part I (chapters 1 to 10) describes the fundamentals of the business, how the industry works, the Authorities and the regulations. It presents the insurance products (for life, non-life retail, and non-life commercial lines). Part II (chapters 11 to 17) explains the pricing and reserving for life and non-life insurance. Reinsurance business is also illustrated. Part III (chapters 18 to 25) describes business models in the industry and the organizational structures. The main processes of an insurance company (product development, underwriting, claims settlement, investments) are presented. Marketing and distribution are also described. Part IV (chapters 26 to 35) defines the financial statement and introduces IFRS principles. Solvency II calculation, ALM model, and Embedded Value are explained in detail. This part also describes management accounting, performance indicators, and the Business Plan in the insurance industry. The book offers a valuable resource for lower and upper undergraduate students, graduate students, professionals/practitioners working at insurance companies, insurance agents, brokers, bankers, and consultants.
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