Alexander Melnikov – Risk Analysis in Finance & Insurance

Description

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 remodeled threat administration right into a quantitative science and led to unified strategies for analyzing insurance coverage and finance threat.
-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 remodeled threat administration right into a quantitative science and [have] led to unified strategies for analyzing insurance coverage and finance threat. –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 threat evaluation. Students will just like the ebook because of the many worked-out examples deepening the understanding of the idea. A particular and doubtless distinctive characteristic of the ebook is its unified strategy to monetary and insurance coverage dangers. As a consequence of the convergence of monetary and insurance coverage markets, practitioners in monetary establishments could have nice profit from books like Melnikov’s overlaying mathematical approaches to threat 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 embody mathematical finance and threat administration, insurance coverage and actuarial science, statistics and stochastic evaluation, and stochastic differential equations and their functions.