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Books > Money & Finance > Insurance
How much is a human life worth? Individuals, families, companies,
and governments routinely place a price on human life. The
calculations that underlie these price tags are often buried in
technical language, yet they influence our economy, laws,
behaviors, policies, health, and safety. These price tags are often
unfair, infused as they are with gender, racial, national, and
cultural biases that often result in valuing the lives of the young
more than the old, the rich more than the poor, whites more than
blacks, Americans more than foreigners, and relatives more than
strangers. This is critical since undervalued lives are left
less-protected and more exposed to risk. Howard Steven Friedman
explains in simple terms how economists and data scientists at
corporations, regulatory agencies, and insurance companies develop
and use these price tags and points a spotlight at their logical
flaws and limitations. He then forcefully argues against the
rampant unfairness in the system. Readers will be enlightened,
shocked, and, ultimately, empowered to confront the price tags we
assign to human lives and understand why such calculations matter.
Probability and Statistics for Actuaries provides students with a
structured and detailed explanation of the probabilistic and
statistical aspects of actuarial science to help them formalize and
deepen their knowledge in these areas. The text is divided into two
distinct parts with the first focusing on probability and the
second focusing on statistics. Part I begins with a strategic
review of probabilistic models and techniques. Additional chapters
cover conditional probability, variance, and expectation with
distinct emphasis of the Bayesian approach. Students learn about
the Bayesian framework for credibility and the relationship between
Buhlmann approximation and empirical Bayes. Part II begins with a
review of statistical models and techniques and then proceeds with
a robust chapter that discusses parametric statistical inference.
The text includes two helpful appendices: a one-sample K-S table
and a one-sample A-D table. Designed to help students expand their
knowledge, Probability and Statistics for Actuaries is an
exceptional resource for courses within the actuarial sciences. It
is also ideal for individuals preparing to take professional exams
given by the Society of Actuaries and Casualty Actuarial Society.
Attract the right clients who will step-up your sales
game!Sometimes people go into sales thinking it will be easy or
it’s a surefire way to make extra money on the side. It might
work for some pyramid sales operations or selling candles and
creams; however, to become a sales professional takes hours of
training and discipline. Insurance sales takes an added burden of
knowing that you are definitely doing the right thing for the human
being relying on your professional opinion to make the appropriate
decision among sometimes dozens of options protecting them from
losses. You can master the secret art of selling insurance that
will save you both time and money. You only need guidance to make
money in an effective, compassionate, and ethical way.In The Secret
Art of Selling Insurance, award-winning educator and top sales
producer Ana-Maria Figueredo helps you to level-up your sales game
by teaching you to: • Clearly identify who needs your products
and why they should buy them from you exclusively• Pursue your
clients in a non-invasive way to make them feel at ease •
Pinpoint how to meet the right people for success without wasting
your time and resources• Identify what makes your solutions
special to stand out from the competition• Get the reputation of
being the go-to insurance professional in your circle to grow your
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find the right insurance customers, and get the professional
recognition you deserve!
A powerful and path-breaking expose of America's Medical Industrial
Complex-the network of mutually beneficial relationships between
big business, academic medicine, patient advocacy organizations,
hospitals, and government-and a compelling way forward for
transforming America's healthcare system How has the United States,
with more resources than any nation, developed a healthcare system
that delivers much poorer results, at near double the cost of any
other developed country-such that legendary seer Warren Buffett
calls the Medical Industrial Complex "the tapeworm of American
economic competitiveness"? Mike Magee, M.D., who worked for years
inside the Medical Industrial Complex administering a hospital and
then as a senior executive at the giant pharmaceutical company
Pfizer, has spent the last decade deconstructing the complex, often
shocking rise of, and connectivity between, the pillars of our
health system-Big Pharma, insurance companies, hospitals, the
American Medical Association, and anyone affiliated with them. With
an eye first and foremost on the bottom line rather than on the
nation's health, each sector has for decades embraced cure over
care, aiming to conquer disease rather than concentrate on the
cultural and social factors that determine health. This decision
Magee calls the "original sin" of our health system. Code Blue is a
riveting, character-driven narrative that draws back the curtain on
the giant industry that consumes one out of every five American
dollars. Making clear for the first time the mechanisms, greed, and
collusion by which our medical system was built over the last eight
decades-and arguing persuasively and urgently for the necessity of
a single-payer, multi-plan insurance arena of the kind enjoyed by
every other major developed nation-Mike Magee gives us invaluable
perspective and inspiration by which we can, indeed, reshape the
future.
This book deals with Enterprise Risk Management (ERM) and, in
particular, Quantitative Risk Management (QRM) in life insurance
business. Constituting a "bridge" between traditional actuarial
mathematics and insurance risk management processes, its purpose is
to provide advanced undergraduate and graduate students in the
Actuarial Sciences, Finance and Economics with the basics of ERM
(in general) and QRM applied to life insurance business. The main
topics dealt with are: general issues on ERM, risk management tools
for life insurance and life annuities, deterministic and stochastic
analysis of the behaviour of a portfolio fund, application of
sensitivity testing to assess ranges of results of interest, stress
testing to assess the impact of extreme scenarios, and the product
development process for life annuity products.
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