From an academic library with the usual stamps and labels. Apart from library evidence a very good copy. Monographs and Surveys in Pure and Applied Mathematics 131.

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Bibliographic Details

Title: Risk Analysis in Finance and Assurance
Publisher: Chapman & Hall CRC, Boca Raton London New York
Publication Date: 2004
Language: English
ISBN 10: 1584884290
ISBN 13: 9781584884293
Binding: Hard Cover
Edition: First Edition.
Condition: Good
Dust Jacket Condition: No Jacket
Book Type: A00018952

About this title

Synopsis

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.

About the Author

Alexander Melnikov is a professor in the Department of Mathematics and Statistical Sciences at the University of Alberta, Edmonton, Canada.

"About this title" may belong to another edition of this title.

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