Pandemics: Insurance and Social Protection

This open-access book explores actuarial modeling and related topics during an epidemic/pandemic, including compartment models, mortality changes, risk-sharing, group testing, and insurers' legal problems. It is aimed at actuaries and readers with backgrounds in mathematics, economics, statistics, finance, epidemiology, or sociology.

Format: Hardback
Length: 298 pages
Publication date: 24 October 2021
Publisher: Springer Nature Switzerland AG

This comprehensive open-access book brings together esteemed experts from various fields, including machine learning, legal aspects, and actuarial modeling, to explore diverse topics related to insurance during an epidemic or pandemic. The book begins by examining the profound impact of COVID-19 on the insurance industry and actuarial research, highlighting the urgent need for innovative insurance designs. It delves into various aspects, such as compartment models, analyzing mortality changes during a pandemic, risk-sharing strategies in the presence of low-probability events, group testing methodologies, compositional data analysis for detecting data inconsistencies, behavioral considerations in combating a pandemic, and legal challenges faced by insurers.

The book concludes with an insightful essay by a practicing actuary, discussing the practical applications of the methods proposed. This interdisciplinary work is designed to appeal to actuaries, as well as readers with backgrounds in mathematics, economics, statistics, finance, epidemiology, or sociology. By presenting a wealth of knowledge and insights, the book aims to contribute to the ongoing efforts to enhance insurance practices and mitigate the risks associated with epidemics and pandemics.

Weight: 618g
Dimension: 159 x 241 x 26 (mm)
ISBN-13: 9783030783334
Edition number: 1st ed. 2022