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Risk management is gaining in importance in companies and society in general. This book is divided into two main parts. In the first, the concept of risk is introduced in its historical context, and the terminology and concepts related to identifying and characterizing risk exposures are defined. The tools needed to appreciate risks are reviewed, and the different steps of the risk management process are discussed. The second part focuses on insurance economics, social insurance, and the private insurance market. The various branches and products of private insurance are analyzed before the book outlines the basis for calculating insurance premiums based on contractual benefits and provides an overview of an actuary’s practice.

Numerous practical applications (such as cyber risk management), examples, and illustrations complete the whole. This book is a reference work for students at business schools, practitioners, and anyone interested in risk management and insurance.

Content

  • Foreword
  • 1 Introduction – 1.1 Global risks – 1.2 Global natural and man-made disasters – 1.3 Examples of risk management in Switzerland – 1.4 A bit of history – 1.5 Further reading and resources
  • 2 Risk – 2.1 Definition of the term “risk” – 2.2 Reference framework for risk analysis – 2.3 Risks within a company – 2.4 Characterization of risks – 2.5 Characterization of risk exposures – 2.6 Perils and hazards – 2.7 Types of values exposed to losses
  • 3 Risk appreciation – 3.1 Analysis of a risk exposure – 3.2 Valuation of consequences – 3.3 Random variables and probability theory – 3.4 Utility and utility functions – 3.5 Principles of risk assessment
  • 4 Risk management – 4.1 Definition and objectives of risk management – 4.2 Risk identification and analysis methods – 4.3 Study of applicable risk management techniques – 4.4 Selection of the most appropriate techniques – 4.5 Implementation of the techniques chosen – 4.6 Monitoring of the results – 4.7 Cyber risk management and insurability
  • 5 Insurance economics and insurance market – 5.1 Economic functions and justification of insurance – 5.2 Social insurance in Switzerland – 5.3 The private insurance market – 5.4 Private insurance lines and products
  • 6 Pricing risk in insurance – 6.1 Introduction to life insurance pricing – 6.2 Risk of death and mortality tables – 6.3 Basics of life insurance pricing – 6.4 Mathematical reserves – 6.5 Non-life insurance
  • Bibliography
  • List of figures
  • List of tables
  • List of definitions and theorems
  • List of boxes
  • Authors’ bibliographies

Details

Publisher: EPFL Press

Author(s): Joël Wagner, Michel Fuino

Published: 24 january 2024

Edition: 1st edition

Media: Book, eBook [PDF]

Pages count Book: 270

Pages count eBook [PDF]: 270

Format (in mm) Book: 160 x 240

Size: 8,9 Mo (PDF)

Weight (in grammes): 490

Language(s): English

EAN13 Book: 9782889155569

EAN13 eBook [PDF]: 9782832322055

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