Book Review: Actuarial and Financial Risks in Life Insurance, Pensions, and Household Finance - Edited by Luca Regis

Abstract

Numerous empirical studies have conclusively demonstrated that nations of any socioeconomic level that expand their insurance industries are more successful in fostering stronger long-term economic growth and development, in a quicker and less volatile manner (Outreville, 1990; Han et al., 2010; Pradhan et al., 2015). Income, life, and equity protection are among the benefits of insurance, which is viewed as a crucial component in today's globalized economic systems. Insurance also benefits gross capital formation, total productivity, public spending, foreign direct investment, trade opening, and financial development (Apergis & Poufinas, 2020). Recent legislative reforms and heightened awareness of the various sources of uncertainty that affect the operations of insurance and pension funds have increased interest in insurance risk management theory and practice. In light of this, this Special Issue compiles pertinent essays on a range of topics including longevity risk modeling, solvency requirements, risk management, and risk sharing. To help readers manage financial and actuarial risks when making an investment or business-related decisions, this book aims to address some of the most common problems that people and businesses encounter. Only nine excellent submissions were chosen from a huge number to make up this edition.