Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Uncertain Times: A Chief Investment Officer's Journey Review

Uncertain Times: A Chief Investment Officer's Journey
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I bought this book with the intention of learning a few new things (my firm is already a client of the author), but Uncertain Times went above and beyond my expectations. Not only was it a fun read, it was packed with thoughtful, timely advice about managing insurance company investments when the future state of the investment landscape is highly uncertain.
Cogert gives great advice on everything from asset allocation and benchmarks to communication and inter-firm relations. If you have anything to do with managing investments for an insurance company, this book is essential reading.

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Uncertain Times is a most unusual business book. It takes you on a journey with an investment professional who has to cope with some of the deepest challenges of his career. While telling his story, Uncertain Times will show you how to develop, improve and streamline the investment process in his industry, one that makes unique demands on investment professionals - insurance.The safety and security of our institutions are continually being questioned in these challenging financial times. Although we rely on them, few people understand the process by which insurance companies invest their assets in order to be able to pay policy holders' claims.No previous book has outlined this unique process with such meticulous precision. Uncertain Times gives an insider's view.Whether you work for an insurer, regulate insurers, provide services to insurers or - like everyone else - are a policyholder concerned about how your insurer is run, this book will be invaluable to you.

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The Economics of Risk and Time Review

The Economics of Risk and Time
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Gollier has written a book that not many others could have written. It is VERY complete, it is full of deep insights, and, for me, it is a pleasure to read. Don't be mistaken: this is a research book, not a textbook. But for those of us doing research in decision theory, general equilibrium, finance, or macroeconomics, it is simply a must. How could you afford NOT to buy it?

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This book updates and advances the theory of expected utility as appliedto risk analysis and financial decision making. Von Neumann and Morgensternpioneered the use of expected utility theory in the 1940s, but most utilityfunctions used in financial management are still relatively simplistic and assume amean-variance world. Taking into account recent advances in the economics of riskand uncertainty, this book focuses on richer applications of expected utility infinance, macroeconomics, and environmental economics.The book covers these topics:expected utility theory and related concepts; the standard portfolio problem ofchoice under uncertainty involving two different assets; P the basic hyperplaneseparation theorem and log-supermodular functions as technical tools for solvingvarious decision-making problems under uncertainty; s choice involving multiplerisks; the Arrow-Debreu portfolio problem; consumption and saving; the equilibriumprice of risk and time in an Arrow-Debreu economy; and dynamic models of decisionmaking when a flow of information on future risks is expected over time. The book isappropriate for both students and professionals. Concepts are presented intuitivelyas well as formally, and the theory is balanced by empirical considerations. Eachchapter concludes with a problem set.

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How to Sell More, in Less Time, With No Rejection : Using Common Sense Telephone Techniques, Volume 2 Review

How to Sell More, in Less Time, With No Rejection : Using Common Sense Telephone Techniques, Volume 2
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I've read over 500 books on selling, persuasion, and influence. This is the best book on telesales that I've ever read. It's in my top 5 sales books of all time.
Initially I thought the book was expensive..., but after I read it, I realized it's worth 50 times what I paid for it!

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