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4. Actuarial risk modeling, measurement and comparison
4.1 The need to integrate risk into business strategy and objectives
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Overview
Banks and insurance companies buy, sell and transform risks at specific prices. A bank also has to calculate its exposure to market risk on thousands or even millions of variables every day. This is also the case for insurance and reinsurance companies, as they manage their financial assets and hedge their risks on the liabilities side. These same companies also need measures to calculate the risk exposure of contracts and to price the risk. For a given line of business or class of business, insurers, reinsurers and retrocessionaires, through cession and/or acceptance operations, reduce their customers' exposure to certain risks, transfer this risk to their...
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Actuarial risk modeling, measurement and comparison
Bibliography
Software tools
RiD Project Management : Construction. Risk intelligence and Decisions SAS https://doczz.fr/doc/2398468/rid-project-management
Websites
ASN – Autorité de Sûreté Nucléaire. Autorité de Sûreté Nucléaire website https://www.asn.fr
IMdR – Institute for Risk Management
INSEE – Institut National de la Statistique et des Études Économiques.
...Standards and norms
- ISO. Risk management – Guidelines. - ISO 31000:2018 - 2018
- Techniques d'analyse de la fiabilité du système : procédure d'analyse des modes de défaillance et de leurs effets (AMDE). - CEI-IEC 60812:2006 (deuxième édition) -
- Safety aspects – Guidelines for their inclusion in standards. - ISO/IEC GUIDE 51:2014(F) -
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The Ultimate Scientific and Technical Reference