{"product_id":"investment-guarantees-9780471392903","title":"Investment Guarantees","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\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 emphas\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\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","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402584596823,"sku":"9780471392903","price":90.0,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/investment-guarantees-9780471392903","provider":"Book Curl","version":"1.0","type":"link"}