Statistical Tools for Finance and Insurance

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  • Statistical Tools for Finance and Insurance Book Detail

  • Author : Pavel Cizek
  • Release Date : 2011-03-18
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 410
  • ISBN 13 : 3642180620
  • File Size : 97,97 MB

Statistical Tools for Finance and Insurance by Pavel Cizek PDF Summary

Book Description: Statistical Tools for Finance and Insurance presents ready-to-use solutions, theoretical developments and method construction for many practical problems in quantitative finance and insurance. Written by practitioners and leading academics in the field, this book offers a unique combination of topics from which every market analyst and risk manager will benefit. Features of the significantly enlarged and revised second edition: Offers insight into new methods and the applicability of the stochastic technology Provides the tools, instruments and (online) algorithms for recent techniques in quantitative finance and modern treatments in insurance calculations Covers topics such as - expected shortfall for heavy tailed and mixture distributions* - pricing of variance swaps* - volatility smile calibration in FX markets - pricing of catastrophe bonds and temperature derivatives* - building loss models and ruin probability approximation - insurance pricing with GLM* - equity linked retirement plans*(new topics in the second edition marked with*) Presents extensive examples

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