
Pandemics: Insurance and Social Protection
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Pandemics: Insurance and Social Protection
About this book
This open access book collects expert contributions on actuarial modelling and related topics, from machine learning to legal aspects, and reflects on possible insurance designs during an epidemic/pandemic.
Starting by considering the impulse given by COVID-19 to the insurance industry and to actuarial research, the text covers compartment models, mortality changes during a pandemic, risk-sharing in the presence of low probability events, group testing, compositional data analysis for detecting data inconsistencies, behaviouristic aspects in fighting a pandemic, and insurers' legal problems, amongst others.
Concluding with an essay by a practicing actuary on the applicability of the methods proposed, this interdisciplinary book is aimed at actuaries as well as readers with a background in mathematics, economics, statistics, finance, epidemiology, or sociology.
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Information
Table of contents
- Cover
- Front Matter
- 1. COVID-19: A Trigger for Innovations in Insurance?
- 2. Epidemic Compartmental Models and Their Insurance Applications
- 3. Some Investigations with a Simple Actuarial Model for Infections Such as COVID-19
- 4. Stochastic Mortality Models and Pandemic Shocks
- 5. A Mortality Model for Pandemics and Other Contagion Events
- 6. Risk-Sharing and Contingent Premia in the Presence of Systematic Risk: The Case Study of the UK COVID-19 Economic Losses
- 7. All-Hands-On-Deck!—How International Organisations Respond to the COVID-19 Pandemic
- 8. Changes in Behaviour Induced by COVID-19: Obedience to the Introduced Measures
- 9. COVID-19 and Optimal Lockdown Strategies: The Effect of New and More Virulent Strains
- 10. Diagnostic Tests and Procedures During the COVID-19 Pandemic
- 11. Pooled Testing and Its Applications in the COVID-19 Pandemic
- 12. Outlier Detection for Pandemic-Related Data Using Compositional Functional Data Analysis
- 13. The Legal Challenges of Insuring Against a Pandemic
- 14. An Actuary’s Opinion: How to Get Through a Pandemic