Insurance and actuarial studies Books

Book SynopsisLearn from some of the most respected women in insurance and risk management Women to Watch presents the advice, guidance, and lessons learned from the most successful women in risk management and insurance.Table of ContentsForeword ix Joanne Wojcik Acknowledgments xiii Chapter 1 I’m Strong 1 Ingrid Lindberg Chapter 2 My College-Self Says, “What Glass Ceiling?”. My Now-Self Responds 15 Lindsey Frase Chapter 3 Building Your Personal Brand 25 Kimberly George Chapter 4 Hear Me Roar 35 Caryn Siebert Chapter 5 Lessons Learned in a 30-Year Career 49 Carol Arendall Chapter 6 The Myth of Work-Life Balance 57 Carolina Klint Chapter 7 Dirty Glass Ceilings 65 Yvette Connor Chapter 8 Integration: The Key to Happiness 79 Janet Pane Chapter 9 Women on Boards 89 Terrie Pohjola Chapter 10 A Growth Story 103 Carol L. Murphy Chapter 11 What If 117 Linda Lane Chapter 12 Game Changers 129 Artemis Emslie Appendix Women to Watch (by year) 139 About the Authors 151 Index 163

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Book SynopsisGain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today's key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contrTable of ContentsForeword ix Introduction xi Acknowledgements xiii Special Thanks xv CHAPTER 1 Agricultural Markets and Risk Management 1 CHAPTER 2 Concepts of Insurance 21 CHAPTER 3 Agricultural Perils and Risk Modelling Concepts 45 CHAPTER 4 Agricultural Data and Proxies 103 CHAPTER 5 Agricultural Insurance 149 CHAPTER 6 Crop Insurance 189 CHAPTER 7 Livestock Insurance 271 CHAPTER 8 Aquaculture Insurance 311 CHAPTER 9 Forest Insurance 333 CHAPTER 10 Risk Transfer to Reinsurance Markets 363 CHAPTER 11 Risk Transfer to Capital Markets 393 ACRONYMS AND ABBREVIATIONS 407 INDEX 409

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Book SynopsisReduce or prevent risk failure losses with new and emerging technologies Rogues of Wall Street analyzes the recent risk failures and errors that have overwhelmed Wall Street for the past decade. Written by a veteran risk, compliance, and governance specialist, this book helps bank leaders and consultants identify the tools they need to effectively manage operational risk. Citing different types of risk events such as: Rogue and Insider Trading, cyber security, AML, the Mortgage Crisis, and other major events, chapters in the first half of the book detail each operational risk type along with its causative and contributing factors. The second half of the book takes an overarching approach to the tools and solutions available to financial institutions to manage such events in the future. From technology, to culture, to governance, and more, this book does more than simply identify the problemit provides real-world solutions with actionable insight. Expert discussiTable of ContentsIntroduction: A Risky Business ix Acknowledgments xvii About the Author xix 1 The Historical Context 1 2 The Rogue Trader 7 3 Genius Traders: Who They Are and How to Catch Them 19 4 Insider Trading 27 5 Price Manipulation Risk: The Big Unknown 37 6 The Mortgage Mess 45 7 Ponzi Schemes and Snake Oil Salesmen 53 8 Rogue Computer 63 9 Funding the Bad Guys—Winning the AML Battle 73 10 Litigation and Big Data Risk 85 11 Twitter Risk and Fake News Risk 91 12 Spreadsheet Risk: Should We Ban Excel? 95 13 Acts of God Risk 99 14 Cybersecurity— The Threat from Outside and Inside the Firewall 101 15 Turning the Tables on Risk 107 16 Building the Right Culture: Values, Organization, and Culture 113 17 The 360-Degree Risk Management Function 123 18 What We Talk about When We Talk about Risk 137 19 The Future Is Unknowable, the Present Burdensome; Only the Past Can Be Understood 147 20 The New Tools of the Trade 159 21 Cognitive Technologies 169 22 The Role of Government and Regulators in Managing Risk 177 23 Case Studies and Guiding Principles in Planning for Disaster 185 24 The Risk Management Society and Its Friends 191 25 Conclusion: Seven Traits for Successfully Managing Cognitive Risk 203 Index 207

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Book SynopsisThe non-technical handbook for cyber security risk management Solving Cyber Risk distills a decade of research into a practical framework for cyber security. Blending statistical data and cost information with research into the culture, psychology, and business models of the hacker community, this book providesbusiness executives, policy-makers, and individualswith a deeper understanding of existing future threats, and an action plan for safeguarding their organizations. Key Risk Indicators reveal vulnerabilities based on organization type, IT infrastructure and existing security measures, while expert discussion from leading cyber risk specialists details practical, real-world methods of risk reduction and mitigation. By the nature of the business, your organization's customer database is packed with highly sensitive information that is essentially hacker-bait, and even a minor flaw in security protocol could spell disaster. This book takes you deep into the cyber threat landscape tTable of ContentsAbout the Authors ix Acknowledgments xi CHAPTER 1 Counting the Costs of Cyber Attacks 1 1.1 Anatomy of a Data Exfiltration Attack 1 1.2 A Modern Scourge 7 1.3 Cyber Catastrophes 12 1.4 Societal Cyber Threats 19 1.5 Cyber Risk 21 1.6 How Much Does Cyber Risk Cost Our Society? 24 Endnotes 30 CHAPTER 2 Preparing for Cyber Attacks 33 2.1 Cyber Loss Processes 33 2.2 Data Exfiltration 34 2.3 Contagious Malware Infection 41 2.4 Denial of Service Attacks 56 2.5 Financial Theft 63 2.6 Failures of Counterparties or Suppliers 68 Endnotes 78 CHAPTER 3 Cyber Enters the Physical World 81 3.1 A Brief History of Cyber-physical Interactions 81 3.2 Hacking Attacks on Cyber-physical Systems 83 3.3 Components of Cyber-physical Systems 86 3.4 How to Subvert Cyber-physical Systems 88 3.5 How to Cause Damage Remotely 91 3.6 Using Compromises to Take Control 92 3.7 Operating Compromised Systems 93 3.8 Expect the Unexpected 95 3.9 Smart Devices and the Internet of Things 99 Endnotes 101 CHAPTER 4 Ghosts in the Code 103 4.1 All Software Has Errors 103 4.2 Vulnerabilities, Exploits, and Zero Days 104 4.3 Counting Vulnerabilities 108 4.4 Vulnerability Management 113 4.5 International Cyber Response and Defense 118 Endnotes 122 CHAPTER 5 Know Your Enemy 125 5.1 Hackers 125 5.2 Taxonomy of Threat Actors 127 5.3 The Insider Threat 143 5.4 Threat Actors and Cyber Risk 145 5.5 Hackonomics 147 Endnotes 151 CHAPTER 6 Measuring the Cyber Threat 153 6.1 Measurement and Management 153 6.2 Cyber Threat Metrics 158 6.3 Measuring the Threat for an Organization 162 6.4 The Likelihood of Major Cyber Attacks 170 Endnotes 182 CHAPTER 7 Rules, Regulations, and Law Enforcement 183 7.1 Cyber Laws 183 7.2 US Cyber Laws 186 7.3 EU General Data Protection Regulation (GDPR) 190 7.4 Regulation of Cyber Insurance 192 7.5 A Changing Legal Landscape 194 7.6 Compliance and Law Enforcement 196 7.7 Law Enforcement and Cyber Crime 199 Endnotes 205 CHAPTER 8 The Cyber-Resilient Organization 207 8.1 Changing Approaches to Risk Management 207 8.2 Incident Response and Crisis Management 208 8.3 Resilience Engineering 212 8.4 Attributes of a Cyber-resilient Organization 214 8.5 Incident Response Planning 218 8.6 Resilient Security Solutions 219 8.7 Financial Resilience 225 Endnotes 234 CHAPTER 9 Cyber Insurance 235 9.1 Buying Cyber Insurance 235 9.2 The Cyber Insurance Market 244 9.3 Cyber Catastrophe Risk 248 9.4 Managing Portfolios of Cyber Insurance 251 9.5 Cyber Insurance Underwriting 258 9.6 Cyber Insurance and Risk Management 263 Endnotes 264 CHAPTER 10 Security Economics and Strategies 267 10.1 Cost-Effectiveness of Security Enhancements 267 10.2 Cyber Security Budgets 271 10.3 Security Strategies for Society 276 10.4 Strategies of Cyber Attack 283 10.5 Strategies of National Cyber Defense 289 Endnotes 294 CHAPTER 11 Ten Cyber Problems 295 11.1 Setting Problems 295 1 The Canal Safety Decision Problem 298 2 The Software Dependency Problem 300 3 The Vulnerability Inheritance Problem 301 4 The Vulnerability Count Problem 302 5 The Malware Overlap Problem 303 6 The Vulnerability Lifespan Problem 304 7 The Binary Similarity Problem 304 8 The Virus Modification Problem 306 9 The Cyber Criminal’s Dilemma Problem 306 10 The Security Verification Problem 307 Endnotes 308 CHAPTER 12 Cyber Future 309 12.1 Cybergeddon 309 12.2 Cybertopia 315 12.3 Future Technology Trends 321 12.4 Getting the Cyber Risk Future We Want 328 Endnotes 331 References 333 Index 355

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Book SynopsisTable of ContentsPreface ix Chapter 1: Introduction to Empowered Enterprise Risk Management 1 Chapter 2: Risk Defined 12 Chapter 3: Risk Theory 29 Chapter 4: Risk Culture 46 Chapter 5: Risk Governance 60 Chapter 6: Risk Register 78 Chapter 7: Risk Response 95 Chapter 8: Risk Appetite 116 Chapter 9: Risk Budgeting 132 Chapter 10: Risk Strategy 148 Chapter 11: Risk in Practice: The Case of Equinor 166 Chapter 12: Concluding Remarks 191 Bibliography 199 Acknowledgements 203 Index 205

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Book SynopsisDiscover what demographics can tell us about the economy, markets, and the future In Demographics Unravelled, renowned Macro-Demographics expert Amlan Roy delivers an insightful and timely exploration of the impact that people characteristics have on national economies. Considering factors like gender, race, migrant status, family background, and education, the author delves deeply into a subject that drives market behavior and economic variables, including growth, debt, inflation, employment, and productivity. These have national and international policy implications. In this one-of-a-kind book, you'll discover: Why the study of demographics is the hidden key to understanding economic growth, asset prices, and capital flowsHow to use detailed demographics to forecast future scenarios in economics, socioeconomics, geopolitics, and the environmentThe short-, medium-, and long-term effects of consumer and worker behaviorHow understanding demographics is key to understanding health, pensions, migration, sustainability and social policies. It is intimately linked to the Sustainable Development Goals of the UNGender, Climate, Poverty and Inequality Perfect for institutional investors, insurance professionals, economists, and business leaders, Demographics Unravelled will also earn a place in the libraries of academics and students studying a variety of economic disciplines and seeking a one-stop and in-depth discussion of demographics-drivenmacroeconomic effects.Table of ContentsAcknowledgements xv Selected Abbreviations xvii Preface xix Chapter 1: Introduction 1 1.1 Recasting Demographics 2 1.2 Effects and Implications of Demographics 5 Chapter 2: Core Data: Past, Present, and Future 11 2.1 Economic History and the History of Global Population Trends 13 2.2 Core Demographic Variables: Data, Analysis, and Some Observations 16 2.2.1 Population Size and Population Growth 16 2.2.2 Ageing Populations 18 2.2.3 Life Expectancy Increases 20 2.2.4 Total Fertility Rates 21 2.2.5 Dependency Ratios 23 2.2.6 Gender Ratios 26 2.2.7 Age Structure and Population Pyramids 29 2.2.8 The Demographic Transition Model 32 2.3 The Role of Migration 35 2.4 Urbanisation 46 2.5 Small Nation- States: Demographics 50 2.6 Changing Longevity— Metrics Need Changing 51 2.7 Changing Social and Individual Behaviour 53 2.8 Multiple Generations 55 2.9 Conclusion 57 Chapter 3: Demographics and Macroeconomics 59 3.1 Demographics and Economic Growth 60 3.2 The “Demographic Dividend” and GDP per Capita Growth 66 3.3 Inflation 70 3.4 Debt, Deficits, and Fiscal Sustainability 84 3.5 Demographics, Monetary Policy, and Interest Rates 90 3.6 Demographics and Unemployment 93 3.7 Demographics, Capital Flows, and Current Account 95 3.8 Conclusions 96 Chapter 4: Demographics and Asset Prices 99 4.1 Theories of Life- Cycle Consumption, Savings, and the Permanent Income Hypothesis 100 4.1.1 Life- Cycle Consumption Theory 100 4.1.2 Permanent Income Hypothesis 102 4.1.3 Consumption, Savings, and Intertemporal Loans: Pioneer Paul Samuelson 104 4.2 How Demographics Influences Equity Prices and Markets 105 4.3 Will There Be an Asset Market Meltdown When the Baby Boomers Retire? 116 4.4 Demographic Changes and Interest Rates (Bond Yields) 119 4.5 Demographics and Risk Premiums 124 4.6 Asset Holdings and Age 125 4.7 Demographics and Equity Sectors 128 4.8 Demographics and Real Estate 136 4.9 Demographics and Commodities 140 4.10 Conclusions 143 Chapter 5: Health and Longevity 147 5.1 Health Issues, Expenditures, and Measures 149 5.1.1 Health Expenditures 150 5.1.2 Global Health Security 152 5.1.3 Global Burden of Disease 155 5.1.4 Health in Emerging Countries 157 5.2 Longevity 163 5.2.1 Increases in Life Expectancy and Conditional Life Expectancy 164 5.2.2 Life Expectancy vs. Healthy Life Expectancy 166 5.2.3 DALYs and Their Causes 168 5.2.4 Longevity and Mortality: More Than Just Births and Deaths 169 5.2.5 Longevity Risk and the Uncertain Future of Longevity 172 5.2.6 Longevity Forecasting Models: Countries and Regions 174 5.2.7 Short Summary of Longevity Models 177 5.2.8 Annuities as a Longevity Risk Management Tool 183 5.2.9 Other Longevity Risk Management Tools and Instruments 187 5.3 Conclusions 190 Chapter 6: Pensions and Retirement 193 6.1 A Brief History of Social Security and Pensions 194 6.1.1 Pre–Social Security 195 6.1.2 Committee on Economic Security 196 6.2 Evaluating Pension Systems: Indicators and Cross- Country Comparisons 200 6.3 Evaluating Age- Related Pension Expenditures Across Countries 208 6.4 Pensions and Pension Systems: The Experts 210 6.5 Pensions, Asset Allocation, Investments, and Capital Markets 224 6.6 Pensions and Corporate Finance/Equity Prices 230 6.7 The Future of Retirement and Conclusions 231 Chapter 7: Quality of Life, Gender, Governance and Sustainability 235 7.1 Utility Theory, Social Welfare, and Happiness 236 7.2 Quality of Life: Human Development Index (HDI) 243 7.3 Gender and Governance 245 7.4 Corruption and Transparency 249 7.5 Sustainability and Climate Change 252 7.6 Politics and Geopolitics 254 7.7 Conclusion 256 Chapter 8: Summary and Conclusions 257 Notes 263 Index 283

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Book SynopsisAn incisive framework for companies seeking to increase their resilience In The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty, renowned risk and finance expert Håkan Jankensgård delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of black swan risks, highly unlikely but devastating events: insurance, buffering, and flexibility: The author also presents: Detailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruptionExtending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive actionPractical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they causeStrategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, The Black Swan Problem is a must-read for students and practitioners of risk management, executives, founders, managers, and other business leaders.Table of ContentsPrologue 3 Chapter 1: The Swans Revisited 7 The nature of randomness 8 The Moving Tail 11 The role of expectations 16 What makes us suckers? 20 The relativity of Black Swans 24 Meet the preppers 28 Chapter 2: Corporate Swans 31 The Board’s perspective 31 Swans attack 33 Strategy Swans 35 The Swan within 39 The growth fetish 42 The fear factor 47 The Chief Executive Swan 49 Swans on the rise 52 Chapter 3: The Black Swan Problem 60 Tail risk and firm value 60 Understanding wipeouts 65 Strategy disruption 71 All you zombies 76 The affordability issue 78 The conundrum 84 Chapter 4: Greeting the Swan 90 Randomness redux 90 The roads not taken 98 Functional stupidity 102 The Swanmakers 108 On tools and models 112 A Swan radar for the Board 116 Chapter 5: Taming the Swan 122 Drawing the line 122 Distance to wipeout 129 Risk capital 131 Stress testing 140 The exit option 146 Resilience vs endurance 150 Quantitative models 155 Liquidity is king 162 Chapter 6: Catching the Swan 166 Antifragility 167 Restoring the true path 170 Buying on the cheap 173 Opportunity capital 176 Flight to safety 182 Risk as strategy 187 Chapter 7: Riding the Swan 192 Risk shifting 192 A beautiful strategy 199 Fuel for growth 203 Narcissism redeemed 208 A tail of two companies 211 End of the ride 215 Swans to the rescue? 217 Epilogue 221

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Book SynopsisThere is increasing pressure for all of us to take responsibility for our own financial security and wellbeing, but we often overlook how the benefits that come with a job can help us do that. Essential Personal Finance: A Practical Guide for Employees focuses on these valuable work benefits and shows how you can build on this important foundation to achieve financial security and your life goals.This unique book explores how making effective and practical use of these work benefits (such as pension scheme, life cover, sick pay, cheap loans, savings schemes and even financial coaching), means facing up to the behavioural biases we are all plagued with. Given that these can get in the way of even the best intentions, Essential Personal Finance tackles these biases head-on with practical ideas and tips for overcoming or harnessing them for good, and will help you to develop a positive and fruitful relationship with your money. With financial stress bTrade Review"Progressive employers understand the importance of offering their employees financial wellness benefits and this new book is a great additional resource to help them be better with money." — Asesh Sarkar, CEO & co-founder of www.salaryfinance.com"A rich source of practical tips, underpinned by academic research, connecting employment, money and happiness. This book will also be a great resource for HR professionals, to help them better understand how to improve their workforce's financial and mental wellbeing." — Ruston Smith, Chair of the Workplace Steering Group, delivering MAS’s Financial Capability Strategy for the UK"This book is essential reading for anyone who wants to feel in control and confident about using money. Through short, easy to read chapters with clear action points, it provides very practical guidance on how to make the most of income from work, and how to protect yourself and your family from financial difficulties." — Helen White, Ex Head of Financial Capability, Money Advice Service"A great read that should help anyone increase their personal financial wellbeing." — Sanjay Sha, Ex CEO – Succession Wealth Management "Day to day financial worries dog too many people. This unique book will encourage and enable money education at the most obvious location for learning – the workplace. Straightforward case studies and simple check-lists help employees to take full advantage of what is available through their employment. It will also serve as a useful guide for employers to better support their employees’ financial wellbeing." — Brian Dennehy, Founder, www.fundexpert.co.uk "A thoughtful, comprehensive guide, packed with essential money tips and strategies." — Danny Cox, Head of Communications, Hargreaves LansdownTable of ContentsList of figures. List of tables. Introduction. Chapter 1 Jobs, money and happiness. Chapter 2 Work and financial planning. Chapter 3 Building resilience and wealth through saving. Chapter 4 Protecting against dying too young. Chapter 5 Protecting your income. Chapter 6 Love your workplace pension. Chapter 7 Managing loans and credit. Chapter 8 Getting help and advice. Chapter 9 Conclusion. Glossary. Useful contacts. Index

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Book SynopsisRetirement Plans (formerly titled Pension Planning through the ninth edition) is a classic, relied upon by generations of faculty and thousands of professionals throughout the world. It reliably provides the reader with the features, costs, investment opportunities, and regulatory issues governing all the various types of retirement and other deferred compensation plans. The 12th edition keeps the book at the forefront of the discipline, with extensive coverage of Moving Ahead for Progress in the 21st Century Act and the American Taxpayer Relief Act, a discussion of the effects of behavioral economics on retirement planning, a detailed look at the enormous growth in target date funds, and much more.

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Book SynopsisGain an understanding of today's ICD-10-CM and ICD-10-PCS diagnostic and procedural coding system, including the latest 2019 ICD-10-CM and ICD-10-PCS coding guidelines and new 2019 ICD-10 codes, with Bowie's UNDERSTANDING ICD-10-CM AND ICD-10-PCS: A WORKTEXT, 4E. Using a unique, extremely hands-on approach, this worktext provides comprehensive, detailed coverage packed with applications. Numerous learning features and helpful tools reinforce understanding within each chapter. You can immediately practice what you learn with professionally focused exercises, genuine coding assignments and actual case studies. Vivid color illustrations throughout this edition also demonstrate how a thorough knowledge of anatomy and disease processes can increase coding accuracy. Trust this hands-on resource for diagnostic and procedural coding success in today's medical environment.Table of Contents1. Introduction to Coding and Coding Professions. 2. An Overview of ICD-10-CM. 3. ICD-10-CM Coding Conventions. 4. Steps in Diagnostic Code Selection. 5. Diagnostic Coding Guidelines. 6. Infectious and Parasitic Diseases. 7. Neoplasms. 8. Diseases of the Blood and Blood-Forming Organs. 9. Endocrine, Nutritional, and Metabolic Diseases. 10. Mental, Behavioral, and Neurodevelopmental Disorders. 11. Diseases of the Nervous System. 12. Disorders of the Eye and Adnexa. 13. Diseases of the Ear and Mastoid Process. 14. Diseases of the Circulatory System. 15. Diseases of the Respiratory System. 16. Diseases of the Digestive System. 17. Diseases of the Skin and Subcutaneous Tissue. 18. Diseases of the Musculoskeletal System and Connective Tissue. 19. Diseases of the Genitourinary System. 20. Pregnancy, Childbirth, and the Puerperium. 21. Certain Conditions Originating in the Perinatal Period. 22. Congenital Malformations, Deformations, and Chromosomal Abnormalities. 23. Symptoms, Signs, and Abnormal Clinical Laboratory Findings. 24. Injury, Poisoning, and Certain Other Consequences of External Causes. 25. External Causes of Morbidity. 26. Factors Influencing Health Status and Contact with Health Services. 27. Introduction to ICD-10-PCS. 28. Medical and Surgical Section. 29. Obstetrics Section. 30. Placement Section. 31. Administration Section. 32. Measurement and Monitoring Section. 33. Extracorporeal Assistance and Performance and Extracorporeal Therapies Sections. 34. Osteopathic, Other Procedures, and Chiropractic Sections. 35. Imaging, Nuclear Medicine, and Radiation Oncology Sections. 36. Physical Rehabilitation and Diagnostic Audiology Section. 37. Mental Health and Substance Abuse Treatment. 38. New Technology Section.

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Book SynopsisArtificial Intelligence for Risk Mitigation in the Financial Industry This book extensively explores the implementation of AI in the risk mitigation process and provides information for auditing, banking, and financial sectors on how to reduce risk and enhance effective reliability. The applications of the financial industry incorporate vast volumes of structured and unstructured data to gain insight into the financial and non-financial performance of companies. As a result of exponentially increasing data, auditors and management professionals need to enhance processing capabilities while maintaining the effectiveness and reliability of the risk mitigation process. The risk mitigation and audit procedures are processes involving the progression of activities to transform inputs into output. As AI systems continue to grow mainstream, it is difficult to imagine an aspect of risk mitigation in the financial industry that will not require AI-related assurance or AI-assisted advisory serv

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Book SynopsisJanthana Kaenprakhamroy, based in London, UK, is founder of multiple award-winning insurtech Tapoly, the first on-demand insurance platform for the gig economy in Europe. Recognized as a trailblazer working at the intersection of insurance and technology, she was named one of Forbes' Top 100 Women Founders to Watch (no.6), one of the Insurtech Institute's Top Ten InsurTech Influencers, one of the Most Influential Women in Tech, the winner of Elite Women in 2021 and an Insurance Leader of the Year.

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Book SynopsisWritten for advanced undergraduate and master's level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples.Table of Contents0. Introduction. Part I: Fundamentals of Insurance. 1. Risk and Expected Utility. 2. Risk Aversion and Riskiness. 3. Principles of Insurance: Risk Sharing and Transfer. Part II: Demand for Insurance and Insurance Contract. 4. Risk Aversion and Insurance. 5. Corporate Insurance and Risk Management. 6. Liability and Insurance. Part III: Information and Insurance Contract. 7. Basic Adverse Selection Models. 8. Advanced Topics in Adverse Selection. 9. Moral Hazard. 10. Ex Post Moral Hazard and Fraud. Part IV: Insurance Market. 11. Insurer Organization. 12. Competition in the Insurance Market. 13. Insurance Cycle and Capacity. Part V: Insurer Management. 14. Insurance Distribution Systems. 15. Insurance Pricing.

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Book SynopsisAn insightful overview of health insurers and a guide to sustainability for provider organizations. Physicians experience ongoing frustrations in their relationships with health plans. Even as they struggle to keep up with accelerating clinical advances, they face daunting challenges from payers that are transitioning from traditional fee-for-service contracts to complex alternative payment models. In Health Plans Unmasked, Martin Lustick, MD, offers insights and guidance for those who face the herculean task of transforming their business practices to achieve financial stability while improving outcomes for their patients. By explaining both how and why insurance companies behave the way they do, Dr. Lustick helps providers avoid mistakes and take advantage of opportunities for success. He provides information on: The evolution of health care financing in the United States The nuts and bolts of health plan capabilities and the real motives of health plan administrators Tips for suTable of ContentsForewordAcknowledgmentsSection 1: The Basics1. Historical Context2. What is a Health Plan?3. Medicare4. Medicaid5. Commercial Insurance6. Brokers and ConsultantsSection 2: Reimbursement Basics7. The ABCs of Fee for Service8. What Happens to a Claim?9. Payment Errors10. Health Plan Strategic Concerns11. Analytics12. Cost Management Strategies13. Quality14. Care Management15. Health Plan CommitteesSection 3: Contracting16. Health Plan Contracting 10117. Value-Based Budgeting18. Incentive Payments19. Risk MitigationSection 4: Opportunities and Obstacles in Value-Based Care20. Price Transparency21. Subrogation22. Pharmacy Benefit Management23. On Becoming a PayviderSection 5: A Shifting Paradigm24. Closing ThoughtsGlossary of AcronymsIndex

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Book SynopsisThis textbook aims to fill the gap between those that offer a theoretical treatment without many applications and those that present and apply formulas without appropriately deriving them. The balance achieved will give readers a fundamental understanding of key financial ideas and tools that form the basis for building realistic models, including those that may become proprietary. Numerous carefully chosen examples and exercises reinforce the student's conceptual understanding and facility with applications.  The exercises are divided into conceptual, application-based, and theoretical problems, which probe the material deeper.The book is aimed toward advanced undergraduates and first-year graduate students who are new to finance or want a more rigorous treatment of the mathematical models used within. While no background in finance is assumed, prerequisite math courses include multivariable calculus, probTrade Review“The book is thick with rich with applications and solid justifications of all concepts. … If you are a financial mathematics instructor, this book is for you. It progresses through easier topics to more advanced topics very well and is practical, meaningful, and more importantly, relevant to the 21st century financial student. … can be used as the one standard book for your class but can also be a springboard to research projects with your more advanced and curious students.” (Peter T. Olszewski, MAA Reviews, August, 2017)“This self-contained book is well organized and covers a broad range of classical topics of financial mathematics. A rich source of examples and exercises, the book is an ideal textbook for both undergraduate and graduate students that are interested in mathematical models in finance. The book can also be used for mathematically trained students and individuals in actuarial science to prepare for professional exams.” (Zhuo Jin, Mathematical Reviews, May, 2017)“The book is an undergraduate textbook in mathematical finance with applications. … The textbook is aimed at advanced undergraduates, and also at master's degree students who want a more rigorous treatment of the mathematical models in finance. This text will be a very good textbook for a year-long course on introductory mathematical finance.” (Anatoliy Swishchuk, zbMATH 1348.91002, 2016)Table of ContentsPreface.- 1. Preliminaries and Financial Markets.- 2. The Time Value of Money.- 3. Markowitz Portfolio Theory.- 4. Capital Market Theory and Portfolio Risk Measures.- 5. Binomial Trees and Security Pricing Modeling.- 6. Stochastic Calculus and Geometric Brownian Motion Model.- 7. Derivatives: Forwards, Futures, Swaps and Options.- 8. The BSM Model and European Option Pricing.- Index.

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Book SynopsisInsurance is an important – if still poorly understood – mechanism for dealing with a broad variety of risks associated with modern life. This book conducts an in-depth examination of one of the largest and longest-established private insurance industries in Europe: British life insurance. In doing so, it draws on over 40 oral history interviews to trace how the sector has changed since the 1970s, a period characterized by rampant financialization and neoliberalization. Combining insights from science and technology studies and economic sociology, this is an unprecedented study of the evolution of insurance practices and an invaluable contribution to our understanding of financial capitalism.Table of ContentsChapter 1: Life Insurance in the Age of Finance Chapter 2: Financialization, Quantification and Evaluation Chapter 3: Shifting Boundaries between Insurance and Finance Chapter 4: Actuaries Going on a Random Walk Chapter 5: ‘Authors of Their Own Misfortune’ Chapter 6: ‘Taking Account of What the Market Has To Say’ Chapter 7: Managing Risk in Insurance Chapter 8: The Long Road to Solvency II (and Back Again?) Chapter 9: De-Risking Pensions, Managing Assets Chapter 10: Financial Evaluation and the Future of Insurance Society References

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Book SynopsisThe National Flood Insurance Program (NFIP) was established by the National Flood Insurance Act of 1968 and was most recently reauthorized to September 30, 2020, through a series of short-term reauthorizations. The general purpose of the NFIP is both to offer primary flood insurance to properties with significant flood risk, and to reduce flood risk through the adoption of floodplain management standards. This book provides information on key components of the NFIP.Table of ContentsPreface; Preparing for the Storm: Reauthorization of the National Flood Insurance Program; Introduction to the National Flood Insurance Program (NFIP); The National Flood Insurance Program: Selected Issues and Legislation in the 116th Congress; Private Flood Insurance and the National Flood Insurance Program; National Flood Insurance Program: The Current Rating Structure and Risk Rating 2.0; National Flood Insurance Program Administrative Reform Act of 2019; A Brief Introduction to the National Flood Insurance Program; A Brief Introduction to the National Flood Insurance Program: Homeland Security Issues in the 116th Congress; The National Flood Insurance Program (NFIP), Reinsurance, and Catastrophe Bonds; Selected Issues for National Flood Insurance Program (NFIP) Reauthorization and Reform; Private Flood Insurance and the National Flood Insurance Program (NFIP); National Flood Insurance Program Borrowing Authority; What Happens If the National Flood Insurance Program (NFIP) Lapses?; Index.

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Book SynopsisThis guide explains the answers to questions most commonly asked by consumers about automobile insurance in New York State. The author offers tips, many never before revealed in print, to help the consumer, whether they are a new driver who has never before owned an insurance policy or someone more experienced, purchase the best possible insurance policy.

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Book SynopsisMedicare is a nation-wide health insurance programme for the aged and certain disabled persons. Over its 32 year history, it has provided important protection for millions of Americans. However, the programme is now facing a number of problems. The first and most pressing concern is whether Medicare''s financing mechanism will be able to sustain it in the long run. Many people are also concerned that the programme''s structure, which in large measure reflects both the health care delivery system as well as political considerations in effect at the time of enactment, has failed to keep pace with the changes in the health care system as a whole. A related concern is whether the programme''s benefit structure adequately responds to the health care need of today''s aged and disabled populations. This book addresses these and other related issues.

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Book SynopsisMedicaid, America's government-run health insurance program for the poor, should be a lifeline that provides needed health care to Americans with no other options. Surprisingly, however, it doesn't. The medical literature reveals a $450 billion-a-year scandal: that people on Medicaid have far worse health outcomes than those with private insurance, and no better outcomes than those with no insurance at all. Why is this so? In How Medicaid Fails the Poor, Avik Roy explains how Medicaid's clumsy design and perverse incentives make it hard for people on Medicaid to get the medical care they need. Medicaid doesn't reimburse doctors or hospitals for the cost of caring for Medicaid enrollees, forcing many doctors to opt out of the program. The Affordable Care Act, otherwise known as Obamacare, doubles down on this broken system. Roy shows us that there are better ways, using private insurance, to provide needed care to our poorest citizens.

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Book SynopsisToday’s insurance regulation in the United States is at a crossroads: while some segments of the insurance industry are moving away from a state-based approach toward regulation, others favor a greater role for the federal government—despite the opposition from other stakeholders. Written by leading scholars in risk management, this book addresses some of the most important questions facing the future of state and federal regulation of the insurance industry. Examining not only the impetus behind various reform proposals, but also the historical development of insurance regulation in the United States, it discusses alternative regulatory frameworks used in the United States and in the European Union and, thereby, increases the options that reformers may wish to consider.

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Book SynopsisIGNITE is your all-access pass to some of the world’s greatest thought leaders on personal growth, marketing, sales, and leadership. Each is interviewed by publisher Paul Feldman, whose monthly magazine has topped rankings in the insurance and financial industry. These intimate conversations are presented like never before, with each one illuminating new ideas that Feldman’s subjects hadn’t revealed in the more than three hundred books they’ve authored and coauthored. Not only do they share specific advice and strategies for producers, advisors, and agents but these dialed-in conversations also reveal inspiration for all aspects of life, in any industry. Whether you’re an entrepreneur, business owner, or employee seeking your way to the top, this book is your entry point to an infinite wealth of tips, strategies, and inspiration—and will ignite all that lies within you to turn your greatest dreams into reality.

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Book SynopsisIn recent years, much attention has been focused on the roles that the private sector and federal government play in providing insurance and financial aid before and after catastrophic events. In this context, the authors examined (1) the rationale for and resources of federal and state programs that provide natural catastrophe insurance; (2) the extent to which Americans living in catastrophe-prone areas of the United States are uninsured and underinsured, and the types and amounts of federal payments to such individuals since the 2005 hurricanes; and (3) public policy options for revising the federal role in natural catastrophe insurance markets.

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Book SynopsisA life settlement is a transaction in which an insurance policy owner sells a life insurance policy to a third party for an amount that exceeds the policy''s cash surrender value, but is less than the expected death benefit of the policy. Reports indicate that the life settlements market had experienced robust growth up until 2007 when it was estimated that $12 billion in face amount, or stated benefit, amount, of life insurance was sold in life settlement transactions. More recently, the amount sold has declined. This book outlines the Life Settlements Task Force''s findings about the life settlement market and recommends that the Commission consider certain actions to improve market practices and regulatory oversight.

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Book SynopsisThis book provides an analysis of select programs relating to life insurance. Topics include the Federal Employees'' Group Life Insurance program (FEGLI) and the retirement benefit and retained asset account disclosures that could be improved; Veteran''s benefits and current life insurance programs; and the insurance and tax issues of Corporate-Owned Life Insurance (COLI).

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Book SynopsisThe purpose of this book is to provide a straightforward and elementary understanding of asset protection and how it can be effectively implemented by taking various steps-like rungs on a ladder. This is a multi-tiered plan and works together as a whole to bring an individual to a higher level of protection. Some of the steps of the ladder may not be relevant to every individual, but they are all worthy of consideration and review. Through this book, an individual can determine the best course to take for their particular situation. Praise for The ABA Guide To Asset Protection “Jeff Matsen is an expert to the experts in the asset protection field. He also succinctly describes what won’t work, what might work, and what should work in an understandable way. Those seeking asset protection often share common characteristics—such as wealth, business ownership, real estate ownership, considerable income and estate tax exposures, as well professional practice ownership—and I recommend they read Jeff’s book to protect their families.” -Joseph J. Strazzeri, Esq.; Fellow, Southern California Institute; Co-founder, Laureate Center for Wealth Advisors “Jeff Matsen is one of the best estate planning and asset protection attorneys in the country. His knowledge, wisdom and direct experience helping thousands of professionals, executives, business owners, physicians, and dentists over his long career have truly made him one of the elite group of top experts in his field. If you are concerned about protecting your assets and want to leave a legacy for future generations, I highly recommend you read this book.” -Stephen Fairley, CEO of The Rainmaker Institute, LLC, The Nation’s Largest Law Firm Marketing Company “Having worked closely with Jeff on a number of complex and important asset protection cases, it is abundantly clear that nobody understands the nuances and practicalities of this area better than he. His unique ability of making issues clear for clients and their advisors is a gift. This book is required reading for any layperson or professional who wants to learn more about asset protection and more importantly, take action.” –Bill Deitch, Leading Estate Planning Attorney, Chicago “Jeff is widely recognized in the legal community as an asset protection guru. In this book, Jeff does a wonderful job of explaining the principles and strategies of complex asset protection planning in a very clear and easy-to-understand way.” -Marc Selden, Nationally Recognized Estate, Planning Attorney, New York City About the Author Jeffrey R. Matsen is the founder and managing partner of Matsen Voorhees Mintz LLP. His practice encompasses business formations and transactional matters, estate planning, asset protection, probate, tax and real estate. Mr. Matsen has been designated one of the nation's Top 100 Attorneys by Worth Magazine and one of Southern California's Super Lawyers by Los Angeles Magazine. He has the highest rating (“AV”) by Martindale Hubbell and also (“10 Superb”) by AVVO. Mr. Matsen has been an adjunct professor at Western State University College of Law, Golden Gate University and Chapman University School of Law. He also has lectured to various professional groups on areas related to his practice, including limited liability companies, business entity formation and selection, asset protection techniques, and other relevant topics. Mr. Matsen is a member of the American Bar Association (Real Property and Trust Section), WealthCounsel and the Society of Trust and Estate Practitioners (“STEP”). He also is a faculty member and fellow of the Center for International Legal Studies in Salzburg, Austria. Mr. Matsen earned his B.A. degree, cum laude, from Brigham Young University; and his J.D. degree, with honors, from the University of California at Los Angeles.Trade ReviewJeff Matsen is an expert to the experts in the asset protection field. Read Jeff's book to protect your families. -- Joseph J. Strazzeri, fellow, Southern California Institute; co-founder, Laureate Center for Wealth Advisors If you are concerned about protecting your assets and want to leave a legacy for future generations, I highly recommend you read this book. -- Stephen Fairley, CEO of The Rainmaker Institute, LLC, The Nation's Largest Law Firm Marketing Company This book is required reading for any layperson or professional who wants to learn more about asset protection and more importantly, take action. -- Bill Deitch, leading estate planning attorney, Chicago

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Book SynopsisWorkers'' compensation insurance covers nearly all workers in the U.S. and provides those who are injured or become ill as a result of work with medical treatment, a portion of lost wages, and a lump sum for some permanent impairments. Nonetheless, there are limitations to conducting studies that rely on workers'' compensation records since not all injuries and illnesses result in claims being filed. Furthermore, the data that are collected are not readily combined if obtained from multiple sources since requirements vary substantially among the states. This book was written to help describe elements of the workers'' compensation insurance programs in the U.S. and the potential to utilise the records for public health purposes. This book also focuses on several key policy issues facing the program, including the disproportionate share of claims and program costs attributed to postal workers, the payment of FECA benefits after retirement age, the overall level of FECA disability benefits as compared with those offered by the states, and the administration of the FECA program.

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Book SynopsisAccording to stakeholders with whom the United States Government Accountability office spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able to accurately assess risk to determine premium rates. Second, insurers need to be able to charge premium rates that reflect the full estimated risk of potential flood losses while still allowing the companies to make a profit, as well as be able to decide which applicants they will insure. However, stakeholders said that such rates might seem unaffordable to many homeowners. Third, insurers need sufficient consumer participation to properly manage and diversify their risk, but stakeholders said that many property owners do not buy flood insurance because they may have an inaccurate perception of their risk of flooding. This book addresses the conditions needed for private sector involvement in flood insurance and strategies for increasing private sector involvement.

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Book SynopsisIn general, insurance is a highly regulated financial product. Every state requires licenses for insurance companies, and most states closely regulate both company conduct and the details of the particular insurance products sold in the state. This regulation is usually seen as important for consumer protection; however, it also creates barriers to entry in the insurance market and typically reduces to some degree the supply of insurance that is available to consumers. Rather than requiring consumers who may be unable to find insurance from a licensed insurer to simply go without insurance, states have allowed consumers to purchase insurance from non-licensed insurers, commonly called non-admitted or surplus lines insurers. Although any sort of insurance could be sold by a surplus lines insurer, most such transactions tend to be for rarer and more exceptional property and casualty risks, such as art and antiques, hazardous materials, natural disasters, amusement parks, and environmental or pollution risks. This book discusses surplus lines insurance, and property and casualty insurance.

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Book Synopsis"The Affordable Care Act, aka Obamacare, makes health insurance available to the majority of Americans.In fact, failure to obtain coverage will result in penalties, but the process of obtaining insurance can be daunting. This brief handbook explains the law and its history and tells readers how to apply for coverage and any exemptions and subsidies if they are eligible. Editor Amadeo, an expert on the act, discusses the benefits of having insurance and how the plan is financed. Each chapter has references, and the book has a glossary and a bibliography to help readers. This is a useful resource, but libraries should also have information about local exchanges if their states have them."— Barbara Bibel, BOOKLIST, March 15, 2016 issueObamacare can save you money, but only if you know how it really works.Americans have been barraged with fifteen times more negative than positive news about Obamacare. As a result, 40 percent of the people who dislike it actually qualified for insurance subsidies and don't realize it. Hardworking, middle-class families need facts, not opinions, to get all the benefits they deserve.Here you'll find: A guide to buying low-cost health insurance Step-by-step instructions to signing up for insurance Directions to apply for Obamacare exemptions Eligibility requirements for subsidies Definitions of insurance, health care, and Obama terms Real-life stories of people who have already been helpedThis handbook refutes the myths about the Affordable Care Act with research-based evidence. It reveals the seven reasons why health care costs so much, as well as how the ACA attacks those costs. You'll learn who really gets benefits from subsidies and who pays for them. Most importantly, this book uncovers how the ACA might save you and your family money in 2016 and beyond.

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Book SynopsisThe federal crop insurance program began in 1938 when Congress authorized the Federal Crop Insurance Corporation. The current program, which is administered by the U.S. Department of Agriculture''s Risk Management Agency (RMA), provides producers with risk management tools to address crop yield and/or revenue losses for about 130 crops. The federal farm safety net also includes the farm commodity support programs, which provide price and income support for a much narrower list of "covered and loan commodities" such as corn, wheat, rice, and peanuts. In purchasing a crop insurance policy, a producer growing an insurable crop selects a level of coverage and pays a portion of the premium -- or none of it in the case of catastrophic coverage -- which increases as the level of coverage rises. The federal government pays the rest of the premium. This book provides a primer on the federal crop insurance program and briefly summarises changes to the program by the 2014 farm bill.

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Book SynopsisResearch shows that spending on health care varies by geographic area and that higher spending in an area is not always associated with better quality of care. While a substantial body of research exists on geographic variation in spending in Medicare, less research has been done on variation in private sector health care spending, although this spending accounts for about a third of overall health care spending. As U.S. health expenditures continue to rise, policymakers and others have expressed interest in better understanding spending variation and how health care systems can operate efficientlythat is, providing equivalent or higher quality care while maintaining or lowering current spending levels. This book examines how spending per episode of care for certain high-cost procedures varies across geographic areas for private payers; and how the mix of service types, and the volume, intensity, and price of services contribute to variation in episode spending across geographic areas for private payers.

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