This second edition expands the first chapters which focus on the approach to risk management
issues discussed in the first edition to offer readers a better understanding of the risk
management process and the relevant quantitative phases. In the following chapters the book
examines life insurance non-life insurance and pension plans presenting the technical and
financial aspects of risk transfers and insurance without the use of complex mathematical
tools. The book is written in a comprehensible style making it easily accessible to advanced
undergraduate and graduate students in Economics Business and Finance as well as
undergraduate students in Mathematics who intend starting on an actuarial qualification path.
With the systematic inclusion of practical topics professionals will find this text useful
when working in insurance and pension related areas where investments risk analysis and
financial reporting play a major role.
