Insurance

Overview

Insurance generally means buying (or constructing) a policy that will protect you from a certain predefined loss. For example, car insurance would protect you in the case that your automobile is involved in an accident, and would help you recover the lost value.

Insurance can also be financial insurance. An option on a stock can help protect you from the risk associated with that stock.

Insurance analytics is the process of analyzing the risks that are being insured, generally in order to come to a price for that insurance. As such, it is tightly integrated with financial risk analytics, and is often interchangeable.

Insurance Contracts

Types of Insurance Contracts

Insurance Analytics

• Modeling a Single Policy - the mathematics of modeling the payoffs from a single policy
• Portfolio - modeling a portfolio of policies
• Premium Calculations - models for calculating a premium that balances the company's objectives and risk.
• Fixed Income Analytics - the assets that an insurance company holds to pay off potential claims are typically held in the form of fixed income instruments.
• Asset Liability Management tools for managing the firms assets against its (potential) liabilities.
• Enterprise Risk and Analysis

Misc Topics

• Economics of Insurance
• Insurance Law
• Risk Transfer
• Annuities