Micocci (financial mathematics and actuarial science, University of Cagliari, Italy) offers an international perspective on the integration of actuarial and financial risks in the risk
management of pension funds. Initial chapters on financial risk management focus on correct measurement of risk in pension funds and formalize an intuitive concept of investment risk. A section
on technical risk management deals with topics such as longevity risk and private pensions, and actuarial funding of dismissal and registration risks. Chapters on regulation and solvency look
at topics such as ways to improve the equity, transparency, and solvency of pay-as-you-go pension systems. Case studies in pension fund risk management are presented from Spain, the UK, Greece,
and Italy. The audience for the book includes pension fund executives, risk management departments, consultants, and academic researchers. Annotation 穢2010 Book News, Inc., Portland, OR
(booknews.com)
