Summary |
The purpose of Managing for Solvency and Profitability in Life and Health Insurance Companies is to provide a broad overview of the concepts of solvency and profitability and to describe how life and health insurance companies in the United States and Canada pursue these key financial objectives. The text is divided into six parts. Part 1 introduces the environment of financial management for insurance companies. Part 2 introduces various aspects of product planning and product design for insurance-company products. Part 3 provides an overview of pricing for insurance-company products. Part 4 explains how insurance-company executives approach capital management. Part 5 explains how various internal and external groups monitor the financial performance of an insurance company. Part 6, the final section, describes structural and cultural changes that many insurance companies have undertaken to enable themselves to better safeguard their solvency and to more effectively pursue profitability in their stewardship of their customers’ security.
|
