Books – Insurance + Risk

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 …

This book explores multiple types of innovation within the modern wine industry and how it has developed historically.

The book provides and extensive examination of the existing knowledge in this subject. This highlights the evolution of …

The book presents a collection of peer-reviewed short papers selected from those presented at the International Conference Mathematical and Statistical Methods for Actuarial Sciences and Finance – MAF2024. The year 2024 marks the twentieth …

This book addresses the challenge of presenting biostatistics to medical and health science audiences coherently. Tailored for students and researchers, its 13 chapters progress logically from foundational concepts like measurement scales and …

This book delves into contemporary business analytics techniques across sectors for critical decision-making. It combines data, mathematical and statistical models, and information technology to present alternatives for decision evaluation.

This book offers important insights into the intricacies of energy trading and risk management to students and professionals in the liberalized electricity and natural gas markets. In its opening chapter, the book delves into fundamental concepts …

This book shows how modern risk management in banks and insurance companies can be modeled in Excel and Matlab. Readers are provided with all the necessary knowledge and skills in a systematic and structured step-by-step manner. Apart from basic …

This book presents a unique historical study on the origins of longevity risk management and its links to religious institutions in the eighteenth century. Throughout history, monarchs, affluent patrons, and wealthy benefactors routinely pledged …

This book aims to form part of the growing literature on the banking system in developing countries in its aim to show the levels of stability in the banking sector of small economies. Any banking system is vulnerable to economic distress but one …

Derivative trading? That's something for Wall Street types, right? Maybe, but it also affects everyone else in ways that are still little appreciated. Futures traders have paralysed the global trade of nickel, a key component in the battery of …

This book investigates applications of probability theory to random events from an economic standpoint and considers how economics can deal with uncertainty in today’s world. As such the nature of chance and probability will be discussed with …

This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project risk management (PRM), complexity theory, and decision-making under deep uncertainty (DMDU). Readers will appreciate that in …

With the recent debacle surrounding the cryptocurrency exchange FTX and the crypto trading company Alameda Research, the importance of grasping the security and regulation of Web3, cryptocurrency, and blockchain projects has been magnified. To …

Financial markets play a critical role in climate finance as they are a major source of funding for many of the projects and initiatives aimed at addressing climate change. For instance, banks and investors can provide loans and capital to …

This book provides an analysis of various sources and forms of systemic financial risk. It focuses on the most pressing research questions for both advanced and emerging market economies, including green finance, ESG agenda and related risks …

This book offers a thorough understanding of Hierarchical Archimedean Copulas (HACs) and their practical applications. It covers the basics of copulas, explores the Archimedean family, and delves into the specifics of HACs, including their …

This book offers an introduction to the technical foundations of discrimination and equity issues in insurance models, catering to undergraduates, postgraduates, and practitioners. It is a self-contained resource, accessible to those with a basic …

The authors of this book assert that Grid Square statistics, a method of aggregating data within a geographically defined Grid, may be an effective solution to approach geospatial data for big data integration. Grid Square statistics is a …

The book focuses on the development of the concept of supply chain management and the current state of knowledge on supply chain structure and infrastructure. It draws together knowledge from materials management, purchasing and supply management …

This book provides professionals and practitioners with a comprehensive guide on credit risk modeling, capital modeling, and validation for Current Expected Credit Loss (CECL), International Financial Reporting Standard 9 (IFRS9), Basel Capital …

This book identifies the role of insurance in a comprehensive system for managing environmental risks at the local, regional and global level. National and international legal instruments regulating environmental protection, especially aspects …

This book explores the revolutionary intersection of Generative AI (GenAI) and cybersecurity. It presents a comprehensive guide that intertwines theories and practices, aiming to equip cybersecurity professionals, CISOs, AI researchers …

This book, using R and RStudio, demonstrates how to render an audit opinion that is legally and statistically defensible; analyze, extract, and manipulate accounting data; build a risk assessment matrix to inform the conduct of a cost-effective …

Climate change is defining structural modifications that affect the economy and the financial system. Within Europe, supervisors and supervised entities are increasingly focusing on the consequences of environmental, social and governance (ESG) …

Banks play a crucial role in the global economy, yet they are vulnerable to failures that can have catastrophic effects. Key questions arise: What causes bank failures? What drives these failures? Can we avoid a banking crisis? What happens when a …

This book is the first to focus on the global flow of funds (GFF), providing an introduction to its fundamental concepts and establishing a theoretical framework for analysis. It connects the flow of funds within domestic economies to that of the …

With the Brexit referendum more than 50% of the British population voted in favour of the UK leaving the EU. Since that event, much speculation has been about Brexit impact on the global economy, also affecting the insurance market. Existing …

Power markets are undergoing a major transformation from gas and oil-fueled generation toward renewable electricity production from wind and solar sources. Simultaneously, there is an increasing demand for electrification, coupled with long-term …

This textbook teaches the basics of econometrics and focuses on the acquisition of methods and skills that are essential for any student to succeed in their studies, as well as for any practitioner interested in applying econometric techniques.

This book provides a methodology, grounded in prior research, for analyzing supply chain vulnerabilities and determining appropriate strategic sourcing approaches firms can adopt for managing risk and ensuring supply chain resilience. Supply chain …

This book is the latest title of the popular Excel textbook; redesigned, while including interactive, user-friendly JMP to encourage business students to develop competitive advantages for use in their future careers. How can performance outcome …

This book examines the effects of the pandemic on supply chains and consequent adjustments made by companies to cope with these effects. This research sheds light on the challenges faced by diverse industries during the COVID and post-COVID …

Climate change, COVID-19, Ukraine: it seems that crises are here to stay, which poses major challenges for the financial management of companies. This book addresses these issues, and present concrete approaches to resolving them.

Until recently …

The stock market is a wild and scary roller coaster ride that investors have tried to tame with superficially appealing but ultimately flawed strategies—technical analysis, modern portfolio theory, CAPM, factor models, and algos. Many have simply …

This book examines the evolving dynamics between banks and firms within the context of alternative finance and Environmental, Social, and Governance (ESG) integration. The book contributes to understanding the bank-firm relationship in light of …

This textbook will offer an introductory insight into the nature, role, and context of accounting information systems. It will explore how companies integrate a range of technologies into their accounting information systems to assist in the …

With the recent debacle of cryptocurrency exchange FTX and the crypto trading company Alameda Research, the importance of comprehending the security and regulations of Web3, cryptocurrency, and blockchain projects has been magnified. To avoid …

Revised and updated for the second edition, this textbook allows students to work through classic texts in economics and finance, using the original data and replicating their results. In this book, the author rejects the theorem-proof approach as …

This book offers a simplified, clear, and logical explanation of risk and hedging in oil trading built up from basics. It provides techniques to identify and manage risk—legal risk, operational risk, financial risk, moral risk, etc.—in oil trading …

This volume covers the latest results on novel methods in Risk Analysis and assessment, with applications in Biostatistics (which is providing food for thought since the first ICRAs, covering traditional areas of RA, until now), Engineering …

This book has unique features that set it apart from conventional books on the prevention of system failures in that it provides a method that views human activities from a meta-methodological perspective based upon an inter-disciplinary …

This book is about data analytics, including problem definition, data preparation, and data analysis. A variety of techniques (e.g., regression, logistic regression, cluster analysis, neural nets, decision trees, and others) are covered with …

This book offers a comprehensive examination of the Cramér–Lundberg model, which is the most extensively researched model in ruin theory. It covers the fundamental dynamics of an insurance company's surplus level in great detail, presenting a …

This monograph presents a theory for random field models in time and space, viewed as stochastic processes with values in a Hilbert space, to model the stochastic dynamics of forward and futures prices in energy, power, and commodity markets. In …

Now in its second edition, this edited book presents recent progress and techniques in partial least squares path modeling (PLS-PM), and provides a comprehensive overview of the current state-of-the-art in PLS-PM research. Like the previous …

This book presents the latest developments in the theory and applications of time series analysis and forecasting. Comprising a selection of refereed papers, it is divided into several parts that address modern theoretical aspects of time series …

This book analyzes climate change from a societal risk perspective, considering IPCC data, harm reduction, and global impact. Climate change is a globalised agent of social disruption whose impacts will worsen societal inequities and inequalities …

This textbook, now in its fourth edition, serves as a comprehensive guide to learning various aspects of risk, encompassing supply chain management, artificial intelligence, and sustainability. It demonstrates a wide range of operations research …

The primary path to success, is to use software designed to sample and analyze cashflow and then link that analysis, with forecasting and market research. The case study will start with a small business income statement indicating a cashflow …

Political risks are on the rise. The recent past has been characterized by a dominance of geopolitical risks, which have the potential to endanger companies, entire sectors, and even national economies. Furthermore, the expanding regulatory …

This book presents the results of a joint survey conducted as of the tenth anniversary of the 2011 East Japan Earthquake, by an international research collaboration consisting of researchers representing the major universities affected by recent …

This proceedings book covers a wide range of topics related to uncertainty analysis and its application in various fields of engineering and science. It explores uncertainties in numerical simulations for soil liquefaction potential, the toughness …

This book is devoted to a systemic study of socio-economic development risks arising in the Decade of Action, as well as the prospects for risk management in support of sustainable development. It aims to overcome fragmentary consideration of …

This book discusses fuzzy business models and focuses on using fuzzy logic in business processes from the perspective of financial institutions when integrating ESG factors and risk. Developing and examining sustainable business models requires an …