Review
… a helpful addition to a quickly increasing discipline.
– Journal of the Royal Statistical Society
Here is a complete and accessible introduction to the concepts, strategies and probabilistic fashions which have reworked danger administration right into a quantitative science and led to unified strategies for analyzing insurance coverage and finance danger.
-Business Horizons
Review
Praise for the First Edition ! a helpful addition to a quickly increasing discipline. –Journal of the Royal Statistical Society Here is a complete and accessible introduction to the concepts, strategies and probabilistic fashions which have reworked danger administration right into a quantitative science and [have] led to unified strategies for analyzing insurance coverage and finance danger. –Business Horizons Risk Analysis in Finance and Insurance is a self-contained and extremely complete introduction to mathematical finance and its interaction with insurance coverage danger evaluation. Students will just like the ebook because of the many worked-out examples deepening the understanding of the idea. A particular and possibly distinctive characteristic of the ebook is its unified strategy to monetary and insurance coverage dangers. As a consequence of the convergence of economic and insurance coverage markets, practitioners in monetary establishments may have nice profit from books like Melnikov’s protecting mathematical approaches to danger evaluation in each markets in a constant method. –Christian Bluhm, Credit Suisse, Zurich, Switzerland
About the Author
Alexander Melnikov is a professor in the Department of Mathematical and Statistical Sciences on the University of Alberta. Dr. Melnikov’s analysis pursuits embrace mathematical finance and danger administration, insurance coverage and actuarial science, statistics and stochastic evaluation, and stochastic differential equations and their functions.