Risk Analysis in Finance and Insurance
Format:Hardback
Publisher:Taylor & Francis Ltd
Published:25th Apr '11
Currently unavailable, and unfortunately no date known when it will be back
This hardback is available in another edition too:
- Paperback£61.99(9780367382865)
Risk Analysis in Finance and Insurance, Second Edition presents an accessible yet comprehensive introduction to the main concepts and methods that transform risk management into a quantitative science. Taking into account the interdisciplinary nature of risk analysis, the author discusses many important ideas from mathematics, finance, and actuarial science in a simplified manner. He explores the interconnections among these disciplines and encourages readers toward further study of the subject. This edition continues to study risks associated with financial and insurance contracts, using an approach that estimates the value of future payments based on current financial, insurance, and other information.
New to the Second Edition
- Expanded section on the foundations of probability and stochastic analysis
- Coverage of new topics, including financial markets with stochastic volatility, risk measures, risk-adjusted performance measures, and equity-linked insurance
- More worked examples and problems
Reorganized and expanded, this updated book illustrates how to use quantitative methods of stochastic analysis in modern financial mathematics. These methods can be naturally extended and applied in actuarial science, thus leading to unified methods of risk analysis and management.
"… a well-chosen collection of topics from risk analysis and management for finance and actuarial science illustrated with solved problems."
—Christel Geiss, Mathematical Reviews, November 2013
Praise for the First Edition: … a useful addition to a rapidly expanding field.
—Journal of the Royal Statistical Society
Here is a comprehensive and accessible introduction to the ideas, methods and probabilistic models that have transformed risk management into a quantitative science and [have] led to unified methods for analyzing insurance and finance risk.
—Business Horizons
Risk Analysis in Finance and Insurance is a self-contained and highly comprehensive introduction to mathematical finance and its interplay with insurance risk analysis. Students will like the book due to the many worked-out examples deepening the understanding of the theory. A special and probably unique feature of the book is its unified approach to financial and insurance risks. As a consequence of the convergence of financial and insurance markets, practitioners in financial institutions will have great benefit from books like Melnikov’s covering mathematical approaches to risk analysis in both markets in a consistent manner.
—Christian Bluhm, Credit Suisse, Zurich, Switzerland
ISBN: 9781420070521
Dimensions: unknown
Weight: 770g
328 pages
2nd edition