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Healthcare fraud : auditing and detection guide by Rebecca S. Busch

By Rebecca S. Busch

In keeping with deepest and public estimates, nearly 24 million is misplaced consistent with hour to healthcare waste, fraud, and abuse. essential reference for auditors, fraud investigators, and healthcare managers, Healthcare Fraud: Auditing and Detection advisor presents counsel and strategies that can assist you spot-and prevent-the "red flags" of fraudulent job inside of your company. Eminently readable, it's your "go-to" Read more...

summary: in line with inner most and public estimates, nearly 24 million is misplaced in line with hour to healthcare waste, fraud, and abuse. a must have reference for auditors, fraud investigators, and healthcare managers, Healthcare Fraud: Auditing and Detection consultant presents guidance and methods that can assist you spot-and prevent-the "red flags" of fraudulent job inside of your company. Eminently readable, it's your "go-to" source, equipping you with the mandatory talents to appear for and care for power fraudulent occasions

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Insurance Economics (Springer Texts in Business and by Peter Zweifel, Roland Eisen

By Peter Zweifel, Roland Eisen

Assurance Economics brings jointly the commercial research of selection making below threat, chance administration and insist for assurance by way of contributors and firms, goals pursued and administration instruments utilized by insurance firms, the law of coverage, and the department of work among inner most and social assurance. Appropriete either for complex undergraduate and graduate scholars of economics, administration, and finance, this article offers the heritage required to appreciate present study. Predictions derived from theoretical argument should not purely acknowledged yet faced with empirical facts. during the publication, conclusions summarize effects, aiding readers to envision their wisdom and figuring out. concerns mentioned comprise paradoxa in choice making lower than possibility, collection of favorable hazards by means of insurers, the opportunity of a "death spiral" in assurance markets, and destiny demanding situations similar to re-regulation within the wake of the 2007-09 monetary concern and the expanding availability of prevalent details.

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Mental Health Care and National Health Insurance: A by David Upton

By David Upton

The burial societies of the Romans have been, primarily, inner most crew coverage courses. So have been the security cash of medieval guilds. principally during the efforts of work unions, by way of 1968 greater than two-thirds of the exertions strength in U.S. was once coated by way of workforce existence and medical health insurance plans regularly supplied (as fringe advantages) via employers. this day the share is even better, and the institution of nationwide medical health insurance, to be backed via govt, is being debated within the halls of Congress. whole treatment for the citizenry, with health and wellbeing execs in part or absolutely salaried through a central authority company, is now regular in lots of coun­ attempts, together with these of jap Europe, lots of the British commonwealth (including Australia, Canada, and New Zealand), a number of Latin American nations, Greece, Turkey, Sweden, and naturally China, the USSR, and jap Europe. the key replacement scheme, during which the govt. offers compensation for personal care, is hired through a number of different West­ ern countries, together with Norway, Denmark, Austria, West Germany, and Spain. either one of those tools of presidency insurance exist for convinced teams within the usa: the previous for army group of workers, service-connected or impecunious veterans, and the indigent mentally ailing; the latter for these cov­ ered less than the 1965 modification to the Social safety Act. notwithstanding, such a lot medical health insurance within the usa is inner most, a lot of it working on a gaggle basis.

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Distorted Probabilities and Choice under Risk by Clemens Puppe

By Clemens Puppe

During the improvement of recent likelihood conception within the seventeenth cen­ tury it was once usually held that the acceptance of a bet providing the payoffs :1:17 ••• ,:l: with chances Pl, . . . , Pn is given through its anticipated n worth L:~ :l:iPi. for this reason, the choice challenge of selecting between various such gambles - that allows you to be referred to as customers or lotteries within the sequel-was regarded as solved through maximizing the corresponding anticipated values. The recognized St. Petersburg paradox posed by way of Nicholas Bernoulli in 1728, even though, conclusively established the truth that contributors l examine greater than simply the predicted price. The solution of the St. Petersburg paradox was once proposed independently by way of Gabriel Cramer and Nicholas's cousin Daniel Bernoulli [BERNOULLI 1738/1954]. Their argument was once that during a big gamble with payoffs :l:i the decisive components aren't the payoffs themselves yet their subjective values u( :l:i)' in response to this argument gambles are evaluated at the foundation of the expression L:~ U(Xi)pi. This speculation -with a a little assorted interpretation of the functionality u - has been given a superb axiomatic origin in 1944 via v. Neumann and Morgenstern and is referred to now because the anticipated software speculation. The ensuing version has served for a very long time because the preeminent thought of selection less than chance, specially in its monetary applications.

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Allianz and the German Insurance Business, 1933-1945 by Gerald D. Feldman

By Gerald D. Feldman

Gerald Feldman's historical past of the the world over popular coverage company Allianz AG within the Nazi period relies mostly on new or formerly unavailable archival resources, making this a extra actual account of Allianz and the boys who directed its enterprise than was once ever earlier than attainable. Feldman takes the reader via various instances of collaboration and clash with the Nazi regime with equity and a dedication to proficient research, concerning problems with damages within the Pogrom of 1938, insuring amenities utilized in pressured exertions camps, and the issues of denazification and restitution. the wider concerns tested during this study--when cooperation with Nazi rules used to be obligatory and whilst it used to be complicit, the way revenue, ideology, and opportunism performed a job in company determination making, and the query of the way Jewish coverage resources have been expropriated--are rather proper this present day given the continued overseas debate approximately restitution for Holocaust survivors. This booklet joins a starting to be physique of scholarship according to open entry to the files of German enterprises within the Nazi period. Gerald D. Feldman is Professor of heritage on the college of California at Berkeley. His e-book, the good sickness (Oxford, 1993) acquired the DAAD publication Prize of the German ancient organization and the booklet Prize for important ecu historical past from the yank old organization. He was once an invited professional on the London Gold convention in December 1997 and on the U.S. convention on Holocaust resources in Washington, D.C. in December 1998 and served as an consultant to the Presidential Commision on Holocaust resources within the usa.

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Islamic Insurance: A Modern Approach to Islamic Banking by Aly Khorshid

By Aly Khorshid

A few Muslims think coverage is not sensible, as society might actually help its sufferers. Muslims can not forget about the truth that they dwell, exchange and speak with open international platforms, they usually can not forget about the necessity for banking and assurance. Aly Khorshid demonstrates how preliminary clerical apprehensions have been conquer to create pioneering Muslim-friendly banking platforms, and applies the teachings learnt to a possible coverage framework in which Muslims can compete with non-Muslims in company and feature disguise in way of life. The ebook makes use of proper Quranic and Sunnah extracts, and the arguments of professional- and anti-insurance jurists to reach at its end that Muslims can benefit from the peace of brain and fairness of an Islamic assurance scheme.

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Theory of Interest by Stephen Kellison

By Stephen Kellison

The 3rd version of the speculation of curiosity is considerably revised and accelerated from prior versions. The textual content covers the elemental mathematical thought of curiosity as regularly constructed. The e-book is a radical therapy of the mathematical thought and functional purposes of compound curiosity, or arithmetic of finance. The pedagogical method of the second one version has been retained within the 3rd version. The textbook narrative emphasizes either the significance of conceptual knowing and the power to use the strategies to functional difficulties. The 3rd version has significant updates that make this booklet proper to scholars during this direction region.

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A Guide to Trade Credit Insurance by The International Credit Insurance & Surety Association

By The International Credit Insurance & Surety Association

‘A consultant to exchange credits assurance’ is a reference ebook on exchange credits assurance, written from a global standpoint. it's a compilation of contributions from a number of authors and reviewers drawn from ICISA member businesses. The ebook presents an outline of the entire strategy concerning alternate credits assurance, together with the background of alternate credits coverage, exchange credits coverage services, the underwriting technique, top rate calculation, claims dealing with, case stories and a thesaurus of terminology.

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Financial Modeling, Actuarial Valuation and Solvency in by Mario V. Wüthrich

By Mario V. Wüthrich

Probability administration for monetary associations is without doubt one of the key subject matters the monetary has to accommodate. the current quantity is a mathematically rigorous textual content on solvency modeling. at the moment, there are various new advancements during this sector within the monetary and coverage (Basel III and Solvency II), yet none of those advancements presents an absolutely constant and entire framework for the research of solvency questions. Merz and Wüthrich mix rules from monetary arithmetic (no-arbitrage idea, similar martingale measure), actuarial sciences (insurance claims modeling, money circulate valuation) and monetary idea (risk aversion, likelihood distortion) to supply an absolutely constant framework. inside this framework they then examine solvency questions in incomplete markets, study hedging dangers, and learn asset-and-liability administration questions, in addition to matters just like the constrained legal responsibility strategies, dividend to shareholder questions, the function of re-insurance, and so forth. This paintings embeds the solvency dialogue (and long term liabilities) right into a clinical framework and is meant for researchers in addition to practitioners within the monetary and actuarial undefined, specifically these in command of inner probability administration structures. Readers must have an outstanding historical past in chance idea and records, and will be conversant in renowned distributions, stochastic tactics, martingales, etc.

Table of Contents

Cover

Financial Modeling, Actuarial Valuation and Solvency in Insurance

ISBN 9783642313912 ISBN 9783642313929

Acknowledgements

Contents

Notation

Chapter 1 Introduction

1.1 complete stability Sheet Approach
1.2 Solvency Considerations
1.3 extra Modeling Issues
1.4 define of This Book

Part I

bankruptcy 2 country rate Deflator and Stochastic Discounting
2.1 0 Coupon Bonds and time period constitution of curiosity Rates
o 2.1.1 Motivation for Discounting
o 2.1.2 Spot premiums and time period constitution of curiosity Rates
o 2.1.3 Estimating the Yield Curve
2.2 uncomplicated Discrete Time Stochastic Model
o 2.2.1 Valuation at Time 0
o 2.2.2 Interpretation of nation cost Deflator
o 2.2.3 Valuation at Time t>0
2.3 an identical Martingale Measure
o 2.3.1 checking account Numeraire
o 2.3.2 Martingale degree and the FTAP
2.4 marketplace expense of Risk
bankruptcy three Spot price Models
3.1 normal Gaussian Spot cost Models
3.2 One-Factor Gaussian Affin time period constitution Models
3.3 Discrete Time One-Factor Vasicek Model
o 3.3.1 Spot cost Dynamics on a each year Grid
o 3.3.2 Spot fee Dynamics on a per month Grid
o 3.3.3 Parameter Calibration within the One-Factor Vasicek Model
3.4 Conditionally Heteroscedastic Spot price Models
3.5 Auto-Regressive relocating usual (ARMA) Spot cost Models
o 3.5.1 AR(1) Spot price Model
o 3.5.2 AR(p) Spot price Model
o 3.5.3 basic ARMA Spot cost Models
o 3.5.4 Parameter Calibration in ARMA Models
3.6 Discrete Time Multifactor Vasicek version 3.6.1 Motivation for Multifactor Spot cost Models
o 3.6.2 Multifactor Vasicek version (with autonomous Factors)
o 3.6.3 Parameter Estimation and the Kalman Filter
3.7 One-Factor Gamma Spot price Model
o 3.7.1 Gamma Affin time period constitution Model
o 3.7.2 Parameter Calibration within the Gamma Spot expense Model
3.8 Discrete Time Black-Karasinski Model
o 3.8.1 Log-Normal Spot cost Dynamics
o 3.8.2 Parameter Calibration within the Black-Karasinski Model
o 3.8.3 ARMA prolonged Black-Karasinski Model
bankruptcy four Stochastic ahead cost and Yield Curve Modeling
4.1 basic Discrete Time HJM Framework
4.2 Gaussian Discrete Time HJM Framework 4.2.1 common Gaussian Discrete Time HJM Framework
o 4.2.2 Two-Factor Gaussian HJM Model
o 4.2.3 Nelson-Siegel and Svensson HJM Framework
4.3 Yield Curve Modeling 4.3.1 Derivations from the ahead cost Framework
o 4.3.2 Stochastic Yield Curve Modeling
bankruptcy five Pricing of monetary Assets
5.1 Pricing of money Flows
o 5.1.1 common funds movement Valuation within the Vasicek Model
o 5.1.2 Defaultable Coupon Bonds
5.2 monetary Market
o 5.2.1 A Log-Normal instance within the Vasicek Model
o 5.2.2 a primary Asset-and-Liability administration Problem
5.3 Pricing of spinoff Instruments

Part II

bankruptcy 6 Actuarial and fiscal Modeling
6.1 monetary marketplace and monetary Filtration
6.2 uncomplicated Actuarial Model
6.3 more desirable Actuarial Model
bankruptcy 7 Valuation Portfolio
7.1 development of the Valuation Portfolio
o 7.1.1 monetary Portfolios and funds Flows
o 7.1.2 building of the VaPo
o 7.1.3 Best-Estimate Reserves
7.2 Examples
o 7.2.1 Examples in lifestyles Insurance
o 7.2.2 instance in Non-life Insurance
7.3 Claims improvement consequence and ALM
o 7.3.1 Claims improvement Result
o 7.3.2 Hedgeable Filtration and ALM
o 7.3.3 Examples Revisited
7.4 Approximate Valuation Portfolio
bankruptcy eight safe Valuation Portfolio
8.1 development of the safe Valuation Portfolio
8.2 Market-Value Margin 8.2.1 Risk-Adjusted Reserves
o 8.2.2 Claims improvement results of Risk-Adjusted Reserves
o 8.2.3 Fortuin-Kasteleyn-Ginibre (FKG) Inequality
o 8.2.4 Examples in lifestyles Insurance
o 8.2.5 instance in Non-life Insurance
o 8.2.6 additional chance Distortion Examples
8.3 Numerical Examples
o 8.3.1 Non-life coverage Run-Off
o 8.3.2 lifestyles coverage Examples
bankruptcy nine Solvency
9.1 hazard Measures 9.1.1 Definitio of (Conditional) hazard Measures
o 9.1.2 Examples of threat Measures
9.2 Solvency and Acceptability 9.2.1 Definitio of Solvency and Acceptability
o 9.2.2 loose Capital and Solvency Terminology
o 9.2.3 Insolvency
9.3 No assurance Technical Risk
o 9.3.1 Theoretical ALM answer and unfastened Capital
o 9.3.2 basic Asset Allocations
o 9.3.3 restricted legal responsibility Option
o 9.3.4 Margrabe Option
o 9.3.5 Hedging Margrabe Options
9.4 Inclusion of assurance Technical Risk
o 9.4.1 assurance Technical and monetary Result
o 9.4.2 Theoretical ALM resolution and Solvency
o 9.4.3 basic ALM challenge and assurance Technical Risk
o 9.4.4 Cost-of-Capital Loading and Dividend Payments
o 9.4.5 possibility Spreading and legislations of huge Numbers
o 9.4.6 barriers of the Vasicek monetary Model
9.5 Portfolio Optimization
o 9.5.1 general Deviation established chance Measure
o 9.5.2 Estimation of the Covariance Matrix
bankruptcy 10 chosen themes and Examples
10.1 severe worth Distributions and Copulas
10.2 Parameter Uncertainty
o 10.2.1 Parameter Uncertainty for a Non-life Run-Off
o 10.2.2 Modeling of durability Risk
10.3 Cost-of-Capital Loading in perform 10.3.1 basic Considerations
o 10.3.2 Cost-of-Capital Loading Example
10.4 Accounting yr elements in Run-Off Triangles 10.4.1 version Assumptions
o 10.4.2 Predictive Distribution
10.5 top class legal responsibility Modeling
o 10.5.1 Modeling Attritional Claims
o 10.5.2 Modeling huge Claims
o 10.5.3 Reinsurance
10.6 chance size and Solvency Modeling
o 10.6.1 assurance Liabilities
o 10.6.2 Asset Portfolio and top class Income
o 10.6.3 expense procedure and different threat Factors
o 10.6.4 Accounting and Acceptability
o 10.6.5 Solvency Toy version in Action
10.7 Concluding Remarks

Part III

bankruptcy eleven Auxiliary Considerations
11.1 worthy effects with Gaussian Distributions
11.2 switch of Numeraire procedure 11.2.1 common alterations of Numeraire
o 11.2.2 ahead Measures and eu innovations on ZCBs
o 11.2.3 eu thoughts with Log-Normal Asset Prices

References

Index

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