- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Risk Analysis in Finance and Insurance
About this book
Risk Analysis in Finance and Insurance, Third Edition presents an accessible yet comprehensive introduction to the main concepts and methods that transform risk management into a quantitative science. Considering the interdisciplinary nature of risk analysis, the author discusses many important ideas from stochastic analysis, mathematical finance and actuarial science in a simplified manner. He explores the interconnections among these disciplines and encourages readers toward further study of the subject. This edition continues to study risks associated with financial and insurance contracts, using an approach that estimates the value of future payments based on current financial, insurance, and other information.
Features of the third edition
-
- 12 chapters instead of 8 of the 2nd editions. Two new chapters on Wiener process as a base for financial market modeling. Option pricing in the Bachelier model, the model of Black and Scholes, the Gram-Charlier model. American options and their pricing in the Black-Scholes model
-
- Several new notions, topics and results that are not reflected yet in other textbooks, and even in monographs (Binomial model with constraints, detailed exposition of quantile hedging technique, Conditional Value at Risk, Range of Value at Risk, applications to equity-linked life insurance)
-
- Can be regarded as a self-contained issue of courses on Mathematical Finance, Actuarial Science and Risk Management
-
- Replete with new exercises, problems, hints and solutions
Frequently asked questions
Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
Perlego offers two plans: Essential and Complete
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Risk Analysis in Finance and Insurance by Alexander Melnikov in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.
Table of contents
- Cover Page
- Half-Title Page
- Series Page
- Title Page
- Copyright Page
- Contents
- Preface
- 1 Introductory Concepts of Financial Risk Management
- 2 Financial Risk Management in the Standard Binomial Model
- 3 Binomial Model with Constraints and Transition to the Black-Scholes Model
- 4 Advanced Analysis of Financial Risks in Discrete Time Models
- 5 Stochastic Analysis in the Context of Financial Mathematics
- 6 Modeling Markets with Wiener Processes
- 7 Quantile Hedging Methodology within the Black-Scholes Model
- 8 Risk Measures as Quantitative Tools of Risk Management
- 9 Fixed Income Securities: Modeling and Pricing
- 10 Real and American Options: Performance Measures and Analysis
- 11 Insurance and Reinsurance Risks
- 12 Solvency Problem for an Insurance Company
- 13 Problems
- Bibliography
- Glossary of Notation
- Index