Synopsis
This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The reader is expected to know basic probability theory and mathematical analysis, while all required concepts in financial and actuarial mathematics are developed in the text. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies. This portion of the book starts with the basics: duration, convexity, immunization, and develops alternative immunization methodologies, as well as other risk management tools, such as value-at-risk, risk-based-capital, and shortfall constraint approach. A new optimal methodology, an alternative to classical immunization, is developed, and shown to be strikingly similar to conservative management approaches used by practitioners. Throughout the book, all concepts and methodologies are illustrated with examples and exercises, including past problems from the Society of Actuaries and Casualty Actuarial Society professional examinations (used with permission).
"synopsis" may belong to another edition of this title.
Search results for Financial Risk Management for Pension Plans (0)
Stock Image
Financial Risk Management For Pension Plans
Seller: GreatBookPrices, Columbia, MD, U.S.A.
Seller rating 5 out of 5 stars
Condition: As New. Unread book in perfect condition. Seller Inventory # 3351977
Stock Image
Financial Risk Management for Pension Plans
Published by
Emerald Group Publishing Limited, 2004
ISBN 10: 0444516743
ISBN 13: 9780444516749
New
Hardcover
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # L1-9780444516749
Buy New
US$ 173.94
US$ 7.88 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
Financial Risk Management For Pension Plans
Seller: GreatBookPrices, Columbia, MD, U.S.A.
Seller rating 5 out of 5 stars
Condition: New. Seller Inventory # 3351977-n
Stock Image
Financial Risk Management for Pension Plans (0)
Seller: Ria Christie Collections, Uxbridge, United Kingdom
Seller rating 5 out of 5 stars
Condition: New. In. Seller Inventory # ria9780444516749_new
Buy New
US$ 167.44
US$ 16.09 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
Financial Risk Management For Pension Plans
Seller: GreatBookPricesUK, Woodford Green, United Kingdom
Seller rating 5 out of 5 stars
Condition: As New. Unread book in perfect condition. Seller Inventory # 3351977
Buy Used
US$ 166.14
US$ 20.14 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
Financial Risk Management For Pension Plans
Seller: GreatBookPricesUK, Woodford Green, United Kingdom
Seller rating 5 out of 5 stars
Condition: New. Seller Inventory # 3351977-n
Buy New
US$ 167.43
US$ 20.14 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Seller Image
Financial Risk Management for Pension Plans
Published by
Emerald Publishing Limited, GB, 2004
ISBN 10: 0444516743
ISBN 13: 9780444516749
New
Hardcover
Seller: Rarewaves USA, OSWEGO, IL, U.S.A.
Seller rating 5 out of 5 stars
Hardback. Condition: New. This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The reader is expected to know basic probability theory and mathematical analysis, while all required concepts in financial and actuarial mathematics are developed in the text. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies. This portion of the book starts with the basics: duration, convexity, immunization, and develops alternative immunization methodologies, as well as other risk management tools, such as value-at-risk, risk-based-capital, and shortfall constraint approach. A new optimal methodology, an alternative to classical immunization, is developed, and shown to be strikingly similar to conservative management approaches used by practitioners. Throughout the book, all concepts and methodologies are illustrated with examples and exercises, including past problems from the Society of Actuaries and Casualty Actuarial Society professional examinations (used with permission). Seller Inventory # LU-9780444516749
Stock Image
Financial Risk Management for Pension Plans
Published by
Emerald Publishing Limited, 2004
ISBN 10: 0444516743
ISBN 13: 9780444516749
New
Hardcover
Seller: THE SAINT BOOKSTORE, Southport, United Kingdom
Seller rating 5 out of 5 stars
Hardback. Condition: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days. Seller Inventory # C9780444516749
Buy New
US$ 199.76
US$ 26.72 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Seller Image
Financial Risk Management for Pension Plans
Published by
Emerald Publishing Limited, GB, 2004
ISBN 10: 0444516743
ISBN 13: 9780444516749
New
Hardcover
Seller: Rarewaves USA United, OSWEGO, IL, U.S.A.
Seller rating 5 out of 5 stars
Hardback. Condition: New. This book is devoted to modern methodologies of financial risk management of pension plans, mostly defined benefit plans. The reader is expected to know basic probability theory and mathematical analysis, while all required concepts in financial and actuarial mathematics are developed in the text. The book outlines basic actuarial valuation concepts and then presents actuarial funding and valuation methods for defined benefit plans, and discusses their relationship to other types of pension plans. Optimal funding methodologies are developed in simple deterministic and in stochastic cases. The question of measurement of rate of return of a fund is analyzed in detail, pointing out how the choice of a market index affects it. The problem of stability of the value of liabilities is analyzed as well. Modern investment theory, including equilibrium and arbitrage models, is used to discuss ways to value both marketable and non-marketable assets, as well as liabilities. All commonly used methodologies of valuation of assets are listed and analyzed. Finally, financial risk management for pension plans is presented in detail, with emphasis on applicable asset-liability management methodologies. This portion of the book starts with the basics: duration, convexity, immunization, and develops alternative immunization methodologies, as well as other risk management tools, such as value-at-risk, risk-based-capital, and shortfall constraint approach. A new optimal methodology, an alternative to classical immunization, is developed, and shown to be strikingly similar to conservative management approaches used by practitioners. Throughout the book, all concepts and methodologies are illustrated with examples and exercises, including past problems from the Society of Actuaries and Casualty Actuarial Society professional examinations (used with permission). Seller Inventory # LU-9780444516749
Seller Image
Financial Risk Management for Pension Plans
Print on DemandSeller: moluna, Greven, Germany
Seller rating 5 out of 5 stars
Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. InhaltsverzeichnisAbbreviated. Introduction. Part 1. Fundamentals. Chapter 1. Retirement plans as a part of economic security system. Chapter 2. Fundamental concepts of theory of interest. Chapter 3. Life insurance and annuities. Part 2. Seller Inventory # 897997485
Buy New
US$ 227.26
US$ 56.88 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: Over 20 available