This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Bringing together academic rigour and a strongly practice-oriented approach, it defines both the competitive environment and the technical management of the insurance business. Further, it provides a general overview of insurance firms and analyses specific dimensions. Filling an important gap in the market for textbooks on the insurance business, it is divided into four major parts, the first of which examines the fundamentals and distinctive traits of the insurance...