Books Insurance + Risk

This book examines the structural asymmetries embedded in contemporary consumer credit systems. Trust—essential to economic exchange—is increasingly withheld from borrowers while demanded of them. Lenders operate with minimal visibility or …

This handbook delves into the multifaceted domain of blockchain technology and its applications, offering insights across technological, economic, and practical dimensions. It is divided into several parts, reflecting analysis techniques specific …

This book shows that the stock market returns of hundreds of anomaly portfolios discovered by researchers in finance over the past three decades can be explained by a recent asset pricing model dubbed the ZCAPM. Anomaly portfolios are long/short …

This book offers a regression-based analysis of corporate profitability in the United States over the period 1950 to 2024. Drawing on detailed analysis of 71 leading corporations across 11 key industries—from petroleum and natural gas to high-tech …

Corporate finance is an evolving and versatile field that lies at the heart of business decision-making and economic growth. It explores how companies allocate resources, manage risks, and navigate the complexities of global financial markets.

Nonlinear models are indispensable in modern finance, yet their reliance on numerical root-finding methods introduces layers of complexity that demand careful attention. This textbook offers a comprehensive and accessible guide to understanding …

This book is exploration into the forefront of digital evolution, presenting a compelling array of real-world case studies that underscore the transformative impact of emerging processes and services on asset management. The book goes beyond …

The scientific exchange between mathematicians, statisticians and econometricians working in actuarial sciences and finance is improving the research on these topics and producing numerous meaningful scientific results. This volume includes a …

This book provides different applications and methods of conjoint analysis in marketing. It gives an introduction into the basic ideas of conjoint analysis and describes the steps involved in designing a ratings-based conjoint study. This new …

In an increasingly interconnected and complex world, businesses face environmental, social, and economic challenges that demand thoughtful reflection and a shift in operational approaches. Today, focusing solely on profit is no longer sufficient.

This book offers novel insights into how expert fund managers—those who demonstrate superior performance over the long term—make their judgments and decisions. It is often claimed that actively managed funds create value for investors by making …

This textbook serves as a comprehensive guide through this complex terrain of research in the discipline of management. It starts by exploring the philosophical foundations of research, specifically ontology and epistemology, developing a robust …

This book offers readers a basic understanding of risk, insurance and its management in non-technical terms for an individual, a business or the home. This knowledge makes individuals or businesses conscious of the fact that a loss can occur in …

This book introduces the basic concepts and tools of dynamic optimization as used in economics. The book emphasizes intuition, gradually adding small doses of mathematical development as needed to provide an accessible stand-alone introduction to …

This text book focuses on what could be the most important challenge for firms to boost long-term productivity and competitiveness: digital strategy. It seeks to provide readers with a solid knowledge of the most relevant issues and concepts, that …

Now in a thoroughly revised and expanded second edition, this textbook offers a comprehensive and self-contained introduction to numerical methods in probability, with particular emphasis on stochastic optimization and its applications in …

This book presents the practice of protecting systems, networks, and programs from digital attacks, aiming to ensure the confidentiality, integrity, and availability of a firm's networks, business systems, and data. Effective cybersecurity is not …

This book presents a comprehensive introduction to offshore risk management in its life cycle, concentrating on the principles, the main methods, and applications in the petroleum sector. The emphasis is very much on the major accident risk of …

The increasing relevance of ESG (Environmental, Social, and Governance) in financial research and practice is driven by materiality, investor demand, and regulatory developments. Since ESG initiatives often entail (high) costs for companies, the …

In a modern era marked by environmental challenges and growing commitment towards sustainable development, the financial landscape is undergoing a transformative shift towards green finance. This book aims to provide a comprehensive introduction …

This book presents a comprehensive exploration of environmental risk management, targeting policymakers, educators, students, and professionals engaged in environmental sciences and sustainability. It navigates through a series of interconnected …

This book offers a pioneering exploration of the financial, operational, and societal impacts stemming from biodiversity loss and associated ecosystem collapse. In addition, it examines possible venues through which corporations, financial …

The book provides a description of the process of health economic evaluation and modelling for cost-effectiveness analysis, particularly from the perspective of a Bayesian statistical approach. Some relevant theory and introductory concepts are …

This book serves as a comprehensive guide to learning various aspects of financial fraud, encompassing the related research, the current situation, potential causes, implementation process, detection methods, regulatory penalties and management …

This open-access publication examines the organisational mechanisms that enable the commercial real estate industry to better withstand economic headwinds and more quickly recover from downturns. With geographic focus on the United Kingdom and …

This book delves deep into performance effects of corporate governance mechanisms. It explores how impact of board of directors, promoter owners, non-controlling large owners, and auditor independence varies according to different organizational …

This book offers a rigorous examination of ESG (Environmental, Social, and Governance) integration within corporate finance, bridging key gaps in existing academic research. The author reframes ESG not as a peripheral concern, but as a strategic …

This book focuses on agentic AI security, providing a comprehensive guide to the theoretical foundations and practical techniques required to secure the increasingly prevalent AI agent systems. It examines the security challenges posed by …

This book provides a comprehensive introduction to the principles of integrated risk management across three main domains: enterprise, infrastructure/institutional, and program/project risk management. It sets out to define the types of risk that …

This open access book provides an overview of the credit distribution ecosystem in Europe, with a specific focus on the definitions, laws, and authorities related to the figures of credit intermediaries (credit agents and brokers). It explores the …

Bringing together a distinguished group of contributors, this volume in honor of José García Pérez provides a comprehensive overview of the latest advances in quantitative methods for business and economics, including distribution theory …

This book offers a broad and up-to-date account of the actuarial principles of pensions. Divided into three parts, it includes discussions on both social security schemes and private pension funds, and aspects of life insurance.

The first part …

This book uses R package, iForecast, to conduct financial economic time series forecasting with machine learning methods, especially the generation of dynamic forecasts out-of-sample. Machine learning methods cover enet, random forecast, gbm, and …

Islamic finance has experienced significant growth, particularly in the Middle East, driven by financial innovation and the expansion of asset securitization. This progress is crucial for the future development of Islamic financial institutions …

This book provides a comprehensive guide to navigating the complexities in modern business landscape which is increasingly defined by the omnichannel paradigm, offering practical strategies and theoretical frameworks for optimizing operations …

We live in a world driven by data. Yet, data alone holds no value unless we can extract meaningful insights from it. Multivariate data analysis provides the essential tools to unlock this potential.
This book offers an easy-to-understand …

This book highlights how AI agents and Large Language Models (LLMs) are set to revolutionize the finance and trading sectors in unprecedented ways. These technologies bring a new level of sophistication to data analysis and decision-making …

This book provides an overview of agent-based modeling (ABM) and multi-agent systems (MAS), emphasizing their significance in understanding complex economic systems, with a special focus on the emerging properties of heterogeneous agents that …

This book covers the current and strategic issues in banking and finance with particular reference to financial and non-financial risks, corporate governance, banking and financial regulation, and the loan market. A compilation of the best papers …

This book presents the latest research and evidence on how longevity research translates into longevity investment strategies and sustainable outcomes. The book explores the concept of longevity, explaining how investment strategies and …

The book helps readers to answer a pressing question for businesses: how can they evaluate risks and opportunities to develop appropriate risk-adjusted strategies that allow them to generate maximum profit at acceptable risk levels?

This book …

This book investigates the factors driving the transformation of banks’ credit function and the evolving financial requirements of corporations, with a particular focus on the dynamics of bank-business relationships. It addresses the impact of …

This volume on the latest developments in the theory and applications of time series analysis and forecasting comprises a selection of refereed papers presented at the 9th International Conference on Time Series and Forecasting, ITISE 2023, held …

This textbook demonstrates how Enterprise Risk Management creates value in strategic- and decision-making-processes. The author introduces modern approaches to balancing risk and reward, based on many examples of medium-sized and large companies …

This book illustrates the capabilities of Microsoft Excel to teach applied statistics effectively. It is a step-by-step exercise-driven guide for students and practitioners who need to master Excel to solve practical statistical problems in …

This open access book provides a comprehensive overview of the vulnerabilities of central banks’ financial accounts and the implications for central bank capital and risk management in turbulent times. By combining the perspectives of academics …

As climate change intensifies globally, it also poses unprecedented challenges to the banking sector that require attention. This book examines how climate risks are reshaping the banking industry. Unlike the existing literature, which is mostly …

Investing is simple in theory, yet difficult in practice. Investors give up returns and often unknowingly increase risk by falling for one or more of the investment myths. This open access book explores why countless investors keep falling into …

This book offers a comprehensive exploration of essential concepts and advanced strategies in the grain industry. Authored by professionals with decades of experience in grain trading, this book introduces core concepts such as hedging, basis …

This edited book is the first one in English that demonstrates the innovative use of cutting-edge statistical methods for sociological and social science data. Unlike books that focus solely on applying quantitative methods to sociological and …

Business valuation and company value play a very important role in making an informed investment decision; buying and selling shares and bonds of a company on the stock market; insurance; taxation, etc. This book develops new approaches to …

For years, responsible investing has been a bewildering precinct in asset management. To many, the idea of aligning your values with your investment portfolio seemed naive. Slowly and steadily, responsible investing morphed from a movement into an …

This book discusses disaster risks and hazards as well as measures to increase people’s resilience. The 21st Century has experienced a number of disasters that resulted in hampering socio-economic development, the loss of lives and property, hence …

This book explores the profound impact of digital transformation on enterprise risk management. It highlights the shifting dynamics of supply and demand influenced by technological advancements, evolving customer preferences, geopolitical …

This book provides a comprehensive guide to econometric modeling, combining theory with practical implementation using Python. It covers key econometric concepts, from data collection and model specification to estimation, inference, and …

This book presents a comprehensive, innovative, integrated, and empirically effective system for cross-sectionally analyzing prices of government bonds (GBs) and corporate bonds (CBs) to timely obtain practically useful information on yield curves …

This book explores the regulation of sustainable finance within the European Union, examining its background and development at a practical level. It begins by providing a concise overview of the key events and strategies that have shaped the EU’s …

This book discusses non-bank financial intermediation as an alternative or complement to formal banking. With a focus on emerging and developing economies, which face far greater consequences of high risk taking and withdrawal of credit from their …

This text presents modern developments in time series analysis and focuses on their application to economic problems. The book first introduces the fundamental concept of a stationary time series and its relation to the basic properties of …

This volume honors the life and legacy of renowned economist and econometrician Marc Nerlove, who passed away in July 2024. His influential contributions to the field have left a lasting impact on econometrics and the broader economics profession.

The book features high-quality original research across various domains of theoretical and applied econometrics, reflecting Nerlove's broad range of interests. It includes survey chapters that provide valuable insights into key areas of econometrics, enhancing readers' understanding of important topics. Where relevant, personal tributes and reflections on Marc Nerlove's work are thoughtfully interwoven into the chapters.

Callable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often …

Marking a century of the German balance of payments, this open access book covers the main historical, conceptual, analytical and institutional aspects of external statistics. It explores how the balance of payments has evolved as a multipurpose …

This 3rd edition compendium contains and explains essential statistical formulae in an economic context. The compendium has been enhanced with numerous additional practical examples to help readers better understand the formulas and their …

This book examines the presence of stochastic and deterministic convergence in ten series of greenhouse gases, aerosol precursors, and aerosols across 29 industrialized and emerging countries from 1820 to 2018. The author utilizes the Panel …

This book is an innovative and comprehensive guide that provides readers with the knowledge about the latest trends, models and algorithms used to build investment portfolios and the practical skills necessary to apply them in their own investment …

This textbook provides an up-to-date treatment of the two-tier stochastic frontier model and its applications across the social sciences. It is a cohesive treatise on both the classical methods of estimation and inference and various machinations …

This book examines several contemporary issues which are shaping corporate governance in the banking sector. These issues have been evolving over the past decade and even more so since the Global Financial Crisis (GFC, 2007-09) revealed many …

This open access volume explores the cutting edge of quantitative methods in agricultural risk management and insurance. Composed of insightful articles authored by field experts, focusing on innovation, recent advancements, and the use of …

The financial-services industry has been disrupted and roiled by a perfect storm of forces. Complex regulatory-compliance requirements, aging legacy systems, dated operating models, digital innovation and fintech have rapidly changed the …

This comprehensive textbook equips students of economics and business, as well as industry professionals, with essential principles, techniques, and applications of applied statistics, statistical testing, and multivariate data analysis. Through …

Disclosure represents an evergreen topic in banking since it allows breaking down the opacity of the so-called “black box” banks. The recent failures of Silicon Valley Bank and Credit Suisse in March 2023 have reignited discussions about the role …

In recent years, macroeconomic dynamics, social transformations, technological innovations, and regulatory developments have caused significant changes in the banking industry, but most especially the need to integrate ESG factors into corporate …

This open access book shows how citizens' involvement in geohazard risks prevention can strengthen regional and national risk management systems, to demonstrate a new form of engagement between civil society and local authorities. The lessons …

This book offers a comprehensive overview of using artificial intelligence and quantitative approaches in many phases of flight safety management, from proactive assessment of potential risks of flights before taking-off to automatic analysis of …

This book provides a practical and intuitive view of how European banks manage asset-liability mismatch risk from both a practitioner and supervisory perspective. After a prolonged period of zero interest rate policy (ZIRP) by central banks around …

This book examines the monetary and financial foundations for actively pursuing outer space exploration, development, and settlement. It offers the keys to unlocking the massive investment programs needed to invent, manufacture, deploy, and …

This book focuses on nonlinear investing with a quantamental approach. Pricing relationships in financial markets are often nonlinear, which raises serious questions for portfolio management: How can we characterize nonlinear patterns in asset …

This edited volume celebrates the profound legacy of Peter Schmidt, an eminent figure in econometric research. Originally featured as a Special Issue in Empirical Economics in 2023, this book gathers esteemed econometricians to honor Schmidt's …

This book provides a comprehensive analysis of jurisdiction and law applicable in cross-border insurance matters. The first book to address cross-border insurance cases from the perspective of European Union regulations, international conventions …

Prof. Pedro A. Morettin is a Distinguished Professor of Statistics at the Institute of Mathematics and Statistics of the University of São Paulo (IME-USP), where he has built an academic career spanning almost six decades. His work has had a …

This book provides a critical analysis of existing enterprise risk management models and practices and proposes innovative solutions to address the challenges associated with implementing enterprise risk management strategies. Enterprise risk …

This book discusses the theory, method, and practice of risk economics and also examines climate change and disaster's theoretical and practical implications on capital formation and accumulation in the contemporary economic system. It explores …

This book presents a high-quality contribution to the applications of modern financial algorithms for liquidity risk management and its practical uses and applications to investable portfolios and mutual funds. It brings together the latest …

The Integrated Reporting Framework (IReF) is a significant step towards establishing a streamlined and harmonised supervisory reporting system in the European Union. By consolidating several reporting frameworks, the IReF aims to reduce the …

This book introduces readers to behavioral finance applied to wealth management. It explains essential behavioral biases and their damaging consequences including financial bubbles, and Prospect Theory. Additionally, it establishes fundamental …

In times of crisis, risk management is more important than ever. In addition, companies are obliged to identify, quantify and aggregate risks as part of a risk management system. Legal and auditing standards have set the framework for doing so.

This book presents a selection of the best papers from the 5th International Conference on Financial Markets and Corporate Finance (ICFMCF2023), held in the Department of Management Studies, IIT Delhi, in July 2023. In today's dynamic and swiftly …

Product recalls affect thousands of products globally each year, impacting millions of customers and causing severe consequences for companies. For instance, Takata’s airbag recall cost $25 billion and led to bankruptcy. Similarly, a viral video …

This open access book outlines the latest results in analysing, assessing, and managing terrorist risk in the urban outdoor built environment. In detail, contents refer to the outdoor Open Areas (such as streets, squares, urban parks and other …

This book addresses a wide range of recent methodological aspects, applications and best practices of statistics production. It comprises a selection of peer-reviewed contributions of methodological and applied interest presented at the 4th …

This book presents a unique collection of contributions on modern methods and applications in three key areas of statistics, celebrating the significant work of Wolfgang Schmid in this field. It is structured thematically into parts focusing on …

This open access book is a groundbreaking exploration of systemic risk in modern financial systems. Through its theoretical and empirical investigations, it reveals the multidimensionality of systemic risk, the transmission channels of crises, and …

Banking, and investment banking in particular, is to a large extent investigated empirically in the academic literature. The theory of investment banking behaviour and the relationship between investment banks and their clients is not widely known …

Now in its sixth edition, this textbook presents the tools and concepts used in multivariate data analysis in a style accessible for non-mathematicians and practitioners. Each chapter features hands-on exercises that showcase applications across …

This book explores the convergence of stochastic modeling, reliability tools, and the quest for solutions in an era of globalized challenges. The tools have become only more important in the unforeseen emergencies such as the COVID-19 pandemic and …

In a VUCA world, which is becoming increasingly volatile, uncertain, and complex, companies, organizations, and states must respond promptly and adequately to the respective situations. Making decisions based on past experiences is less successful …

This book provides readers with a conceptual and applied understanding of the role of risk management in public health issues. In recent years, public health emergencies of international concern have occurred frequently, such as COVID-19 pandemic …

This book presents peer-reviewed articles from the 18th Conference of the Associated Research Centers for the Urban Underground Space (ACUUS 2023) held in Singapore from November 1 to 4, 2023. It highlights new opportunities and challenges in …

This book provides a comprehensive and in-depth exploration of decentralized insurance, its impact on the insurance sector, its ethical implications, and its potential to transform the insurance industry. It explores the underlying technologies …

This book focuses on four key issues that are crucial to achieving productivity and sustainability in the circular supply chain management industry. These key topics are the elements of circular supply chain management, statistical techniques such …