Financial Risk Management of
Insurance Enterprises
Course Review
What You Should Have Learned From
This Course
• Basic Financial Risk Management Tools
– Motivation for studying financial risk management
– Derivatives
• Techniques used to evaluate financial risk
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Asset/Liability management
Valuing embedded options
Interest rate modeling
Measuring sensitivity to interest rate risk
• How insurers use (or could use) financial risk management
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Effective duration and convexity of liabilities
Dynamic Financial Analysis
Securitization – Catastrophe losses and longevity
Credit derivatives
Final Exam
Tuesday, May 6, 2008
8-11 am
215 David Kinley Hall
How To Prepare for Final
• Review
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First and second exams
Homework assignments
Class projects
Lecture notes
• Know how to:
– Define financial risk management tools
– Perform basic calculations
– Explain how and why particular approaches are used
Pre-Exam Office Hours
Steve D’Arcy
311 Wohlers Hall
Thursday, May 1
1-2:30 pm
Liang Zhang, Alfred Au
104 Surveying Building
Thursday, May 1
5-7 pm
Monday, May 5
1-3 pm