000 05470nam a22005895i 4500
001 978-3-319-52851-9
003 DE-He213
005 20251030113032.0
007 cr nn 008mamaa
008 240909s2024 sz | s |||| 0|eng d
020 _a9783319528519
_9978-3-319-52851-9
024 7 _a10.1007/978-3-319-52851-9
_2doi
050 4 _aHG1501-3550
072 7 _aKNST
_2bicssc
072 7 _aBUS070140
_2bisacsh
072 7 _aKFF
_2thema
100 1 _aMaggioni, Massimiliano.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_983994
245 1 0 _aFundamentals of the Insurance Business
_h[electronic resource] /
_cby Massimiliano Maggioni, Giuseppe Turchetti.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2024.
300 _aXXVI, 770 p. 163 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringer Texts in Business and Economics,
_x2192-4341
505 0 _aPart I: Fundamentals of insurance business The origins and role of insurance in society -- The notion of risk and probability -- The insurance undertaking -- Regulation of the insurance industry -- Supervision and other Authorities -- The insurance business -- The insurance contract -- Life Insurance products -- Non-life insurance products. Personal line -- Non-life insurance products. Commercial Line -- Part II: Pricing, reserving and reinsurance Non-life insurance: pricing -- Non-life insurance: reserving -- Life insurance: pricing -- Life insurance: reserving -- Life insurance. How with-profits insurances work -- Life insurance: other components of profit -- Reinsurance and coinsurance -- Part III: Business models and processes in the insurance industry Business models for the insurance undertakings -- Competences and organisational functions -- Product development process -- Underwriting process -- Investment process -- Loss event management process -- Insurance marketing -- Insurance distribution -- Part IV: Performance and key indicators Financial statements of an insurance undertaking -- Introduction to IFRS and consolidated financial statements -- International accounting standards (IAS) and International Financial Reporting Standards (IFRS) -- Solvency of an insurance undertaking -- Solvency II’s Capital Model -- Asset Liability Management (ALM) -- Embedded Value -- Management control in insurance industry -- Performance indicators in the insurance business -- Business Plan for an insurance undertaking. .
520 _aThis 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. .
650 0 _aFinancial services industry.
_960413
650 0 _aBusiness enterprises
_xFinance.
_958021
650 0 _aRisk management.
_959047
650 0 _aActuarial science.
_976718
650 0 _aStatistics .
_965982
650 1 4 _aFinancial Services.
_969064
650 2 4 _aCorporate Finance.
_957278
650 2 4 _aIT Risk Management.
_969859
650 2 4 _aActuarial Mathematics.
_976719
650 2 4 _aStatistics in Business, Management, Economics, Finance, Insurance.
_969738
700 1 _aTurchetti, Giuseppe.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_983995
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783319528502
776 0 8 _iPrinted edition:
_z9783319528526
830 0 _aSpringer Texts in Business and Economics,
_x2192-4341
_969742
856 4 0 _uhttps://doi.org/10.1007/978-3-319-52851-9
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c63233
_d63233