Overview
Insurance is a contract that protects the buyer from some pre-defined loss. Car insurance, for example, protects the buyer in the case that they are in a car crash, and will pay for the damage to their car.Insurance can also be financial insurance. An option on a stock can help protects the buyer from losses on the 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 is an industry with broad scope, and there are a large number of contracts available.Insurance Analytics
- Modeling Policies
- 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.
- Asset Liability Management
tools for managing the firms assets against its (potential) liabilities.
- 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.
- Enterprise Risk and Analysis
- Annuities
- Misc Topics