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Books – Insurance + Risk

Books – Insurance + Risk

2024 | Book

Risk Management in Banks and Insurance Companies

Step by Step

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 …

Authors:
Anja Blatter, Sean Bradbury, Pascal Bruhn, Dietmar Ernst

2024 | Book

Bank Competition and the Effects on Financial Stability

Insights into the Emerging Banking Markets of the Philippines

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 …

Authors:
Jovi Clemente Dacanay, Ella Mae Odtuhan Leonida, Michaela Nicole E. Meriño

2024 | Book

The Religious Roots of Longevity Risk Sharing

The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management

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 …

Author:
Moshe A. Milevsky

2024 | Book

The Financial Metaverse

Tokens, Derivatives and Other Synthetic Assets

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 …

Author:
Albin Spinner

2024 | Book

The Economic Analysis of Random Events

Economic Perspectives on Probability Theory, Statistical Inference and the Nature of Chance

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 …

Author:
Volkan Hacıoğlu

2024 | Book

Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty

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 …

Author:
Yuri G. Raydugin

2024 | Book

Web3 Applications Security and New Security Landscape

Theories and Practices

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 …

Editors:
Ken Huang, Carlo Parisi, Lisa JY Tan, Winston Ma, Zhijun William Zhang

2024 | Book

Systemic Financial Risk

An Emerging Market Perspective

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 …

Editors:
Alexander Karminsky, Mikhail Stolbov

2024 | Book

Climate Change and Finance

Navigating the Challenges and Opportunities in Capital Markets

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 …

Editor:
Nader Naifar

2024 | Book

Hierarchical Archimedean Copulas

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 …

Authors:
Jan Górecki, Ostap Okhrin

2024 | Book

Insurance, Biases, Discrimination and Fairness

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 …

Author:
Arthur Charpentier

2024 | Book

Evaluation Platform of Sustainability for Global Systems

Statistical Approach to Geospatial Information for Big Data Integration

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 …

Authors:
Aki-Hiro Sato, Hiroe Tsubaki

2024 | Book

Supply Chain Management

Concepts, Challenges and Future Research Directions

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 …

Author:
Christine Harland

2024 | Book

Practical Credit Risk and Capital Modeling, and Validation

CECL, Basel Capital, CCAR, and Credit Scoring with Examples

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 …

Author:
Colin Chen

2024 | Book

Managing Environmental Risks through Insurance

Legal and Economic Aspects

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 …

Editors:
Katarzyna Malinowska, Dorota Maśniak

2024 | Book

Generative AI Security

Theories and Practices

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 …

Editors:
Ken Huang, Yang Wang, Ben Goertzel, Yale Li, Sean Wright, Jyoti Ponnapalli

2024 | Book

Audit Analytics

Data Science for the Accounting Profession

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 …

Author:
J. Christopher Westland

2024 | Book

Climate Risk and Financial Intermediaries

Regulatory Framework, Transmission Channels, Governance and Disclosure

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) …

Authors:
Elisabetta Gualandri, Paola Bongini, Maurizio Pierigè, Marina Di Janni

2024 | Book

Why Do Banks Fail and What to Do About It

The Role of Risk Management, Governance, Accounting, and More

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 …

Authors:
Nordine Abidi, Bruno Buchetti, Samuele Crosetti, Ixart Miquel-Flores

2024 | Book

Global Flow of Funds Analysis

Data, Models, and Applications

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 …

Authors:
Nan Zhang, Yiye Zhang