Modelling in Life Insurance – A Management Perspective

Part I. Life Insurance Context

1. Paradigms in Life Insurance
Ragnar Norberg

2. About Market Consistent Valuation in Insurance
Pierre-E. Thérond

Part II. Design and Implementation of Life Insurance Models

3. Cash Flow Projection Models
Jean-Paul Felix

4. Economic Scenario Generators
Thierry Moudiki, Frédéric Planchet

5. From Internal to ORSA Models
Frédéric Planchet, Christian-Yann Robert

6. Building a Model: Practical Implementation
Patrice Palsky

Part III. Model Validation and Steering Processes

7. Ex-ante Model Validation and Back-Testing
Stéphane Loisel, Kati Nisipasu

8. The Threat of Model Risk for Insurance Companies
Christian-Yann Robert

9. Meta-Models and Consistency Issues
Jean-Paul Laurent

Part IV. Models and Business Processes

10. Model Feeding and Data Quality
Jean-Paul Felix, Nathalie Languillat, Amélie Mourens

11. The Role of Models in Management Decision-Making
Bernard Bolle-Reddat, Renaud Dumora

12. Models and Behaviour of Stakeholders
David Ingram, Stéphane Loisel

Keywords: Mathematics, Quantitative Finance, Actuarial Sciences, Statistics for Business/Economics/Mathematical Finance/Insurance, Insurance