This book introduces ALM in the context of banks and insurance companies. Although this strategy has a core of fundamental frameworks, models may vary between banks and insurance companies because of the different risks and goals involved. The authors compare and contrast these methodologies to...

With the impact of the recent financial crises, more attention must be given to new models in finance rejecting “Black-Scholes-Samuelson” assumptions leading to what is called non-Gaussian finance. With the growing importance of Solvency II, Basel II and III regulatory rules for insurance...

Intro -- Table of Contents -- Title -- Copyright -- Foreword -- Introduction -- 1 Introduction to Big Data and Its Applications in Insurance -- 1.1. The explosion of data: a typical day in the 2010s -- 1.2. How is big data defined? -- 1.3. Characterizing big data with the five Vs -- 1.4....