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...

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....