دانلود کتاب Dealing in Uncertainty: Insurance in the Age of Finance

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Front Cover\nDealing in Uncertainty: Insurance in the Age of Finance\nCopyright information\nTable of Contents\nList of Figures\nAcknowledgements\n1 Life Insurance in the Age of Finance\n Life insurance, then and now\n Financialization in the making\n The argument\n Sources\n Overview of the book\n2 Financialization, Quantification and Evaluation\n Financialization and the three ages of financial quantification\n Insurance and the technology of risk\n A sociological perspective on the financialization of life insurance\n The social studies of finance\n Markets as fields\n Professions and their ecologies\n An integrated approach\n3 Shifting Boundaries between Insurance and Finance\n Upending the market for life insurance\n Fielding modern life insurance\n Unit-linked insurance and the rise of challenger firms\n ‘Nothing to lose but the chains of actuarial thinking’\n Saving and investing for retirement\n Converging models of insurance\n Conclusion\n4 Actuaries Going on a Random Walk\n Benjamin’s challenge to conventional wisdom\n ‘A drunken stagger around a random walk’\n Simulation modelling and actuarial science\n Actuaries, risk theory and discretionary judgement\n Actuaries and computers\n Living in a stochastic world?\n Conclusion\n5 ‘Authors of Their Own Misfortune’\n Protecting policyholder expectations\n Bonus methodology: from net premiums to asset shares\n The question of policyholder reasonable expectations\n Equitable’s demise: from pioneer to pariah\n ‘With profits, without mystery’\n Guaranteed annuity options and the legal limits to actuarial discretion\n ‘Fallen heroes’: constructing a failure of actuarial expertise\n Conclusion\n6 ‘Taking Account of What the Market Has to Say’\n No-arbitrage modelling and modern finance theory\n From no-arbitrage to market-consistency\n Building models, shifting between worlds\n Making insurers’ evaluation machinery market-consistent\n Conclusion\n7 Managing Risk in Insurance\n Financial risk management\n Modelling life expectancy\n Modelling risk, calculating capital\n Managing the balance sheet\n Conclusion\n8 The Long Road to Solvency II (and Back Again?)\n Towards a single market for insurance\n Frictions and ‘rough edges’\n Patching the rough edges\n Designing and testing the framework\n The settlements\n Conclusion\n9 De-Risking Pensions, Managing Assets\n The pension crisis as business opportunity\n The new life market\n Buying out pension funds\n Reordering the buyout field\n Insurance and asset management\n Conclusion\n10 Financial Evaluation and the Future of Insurance Society\n The performative power of modern finance theory\n Rationalization and the authority of the market\n The future of insurance societies\nNotes\nReferences\nIndex