A comprehensive guide to investment guarantees in equity-linkedlife insurance Due to the convergence of financial and insurance markets, newforms of investment guarantees are emerging which require financialservice professionals to become savvier in modeling and riskmanagement. With chapters that discuss stock return models, dynamichedging, risk measures, Markov Chain Monte Carlo estimation, andmuch more, this one-stop reference contains the valuable insightsand proven techniques that will allow readers to better understandthe theory and practice of investment guarantees and equity-linkedinsurance policies. Mary Hardy, PhD (Waterloo, Ontario, Canada), is an AssociateProfessor and Associate Chair of Actuarial Science at theUniversity of Waterloo and is a Fellow of the Institute ofActuaries and an Associate of the Society of Actuaries, where sheis a frequent speaker. Her research covers topics in life insurancesolvency and risk management, with particular emphasis onequity-linked insurance. Hardy is an Associate Editor of the NorthAmerican Actuarial Journal and the ASTIN Bulletin and is a DeputyEditor of the British Actuarial Journal.