Reinsurance and Alternative Capital – Structures, Pricing, and ILS With Python: From Treaties to Cat Bonds and Sidecars - Couverture souple

Livre 7 sur 7: Quantitative Risk and Actuarial Modeling Collection

Richman, Grant

 
9798264255670: Reinsurance and Alternative Capital – Structures, Pricing, and ILS With Python: From Treaties to Cat Bonds and Sidecars
Couverture souple
ISBN 13 : 9798264255670
Editeur : Independently published, 2025

Synopsis

The complete actuarial toolkit for modern reinsurance and alternative capital—rigorous, practical, and code-first.

This hands-on, densely engineered resource takes you from first principles to production-grade pricing for treaties, retro, and ILS. Built for working actuaries, underwriters, catastrophe modelers, risk managers, and ILS investors, it turns complex structures into clear, executable frameworks you can run and audit.

Structure you can rely on:

  • 33 tightly written chapters
  • Each chapter: core theory → exam‑style multiple-choice questions → fully runnable Python code demonstrations
  • Consistent actuarial framing: expected loss, tail metrics (TVaR), capital consumption, cost of capital, and model risk

What you’ll be able to do:

  • Price proportional and non‑proportional treaties, including aggregate covers and reinstatements
  • Convert catastrophe model output into AAL, OEP/AEP curves, TVaR, and technical rates
  • Build a defensible view‑of‑risk by blending models and accounting for climate nonstationarity
  • Design and price ILWs, cat options, parametric triggers, and modeled/indemnity/industry cat bonds
  • Structure and evaluate sidecars and fully collateralized reinsurance, including trapped collateral economics
  • Quantify counterparty credit risk, collateral sufficiency, and wrong‑way risk
  • Apply EVT and copulas for tail modeling, Panjer/FFT and Monte Carlo for aggregates, and portfolio optimization with capital allocation

Inside the code:

  • Fully commented Python demos for treaty rating, reinstatements, aggregate stop‑loss, ILW and parametric triggers, cat bond expected loss/multiples, sidecar cashflows, basis risk simulation, EVT/copula fitting, Panjer/FFT, and portfolio capital allocation
  • Built on the standard scientific stack (NumPy, pandas, SciPy, statsmodels, and efficient simulation techniques) to go from indication to production-quality prototypes

Who it’s for:

  • Pricing and capital actuaries, catastrophe modelers, and risk managers
  • Reinsurance underwriters and brokers seeking quantitative, defensible indications
  • ILS portfolio managers and analysts optimizing spreads, liquidity, and correlation
  • Advanced students and faculty adopting a code‑first actuarial curriculum
Level up your reinsurance and ILS decisions with a resource that doesn’t just explain— it computes. Add this to your desk and your toolkit now.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Independently published
Date d'édition
2025
Langue
anglais
ISBN 13 
9798264255670
Reliure
Broché
Nombre de pages
332
Coordonnées du fabricant
Manufactured by Amazon on behalf of the author
https://www.amazon.fr/hz/contact-us

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Luxembourg