Risk Analysis in Finance and Insurance is popular PDF and ePub book, written by Alexander Melnikov in 2004-06-02, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Risk Analysis in Finance and Insurance can be Read Online from any device for your convenience.
Risk Analysis in Finance and Insurance Book PDF Summary
Historically, financial and insurance risks were separate subjects most often analyzed using qualitative methods. The development of quantitative methods based on stochastic analysis is an important achievement of modern financial mathematics, one that can naturally be extended and applied in actuarial mathematics. Risk Analysis in Finance and Insurance offers the first comprehensive and accessible introduction to the ideas, methods, and probabilistic models that have transformed risk management into a quantitative science and led to unified methods for analyzing insurance and finance risks. The author's approach is based on a methodology for estimating the present value of future payments given current financial, insurance, and other information, which leads to proper, practical definitions of the price of a financial contract, the premium for an insurance policy, and the reserve of an insurance company. Self-contained and full of exercises and worked examples, Risk Analysis in Finance and Insurance serves equally well as a text for courses in financial and actuarial mathematics and as a valuable reference for financial analysts and actuaries. Ancillary electronic materials will be available for download from the publisher's Web site.
Detail Book of Risk Analysis in Finance and Insurance PDF
- Author : Alexander Melnikov
- Release : 02 June 2004
- Publisher : CRC Press
- ISBN : 9781135437459
- Genre : Mathematics
- Total Page : 267 pages
- Language : English
- PDF File Size : 11,5 Mb
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