Enter your promotional code in the basket area to activate your discount

The insurance industry is facing turbulent times and risk management is at the top of the agenda. This is particularly the case in Europe, where the introduction of Solvency II will drastically redesign the supervisory rules for regulatory capital for insurance companies.

This fully updated user-friendly second edition will quickly help you get to grips with risk management terms and techniques, and how they relate specifically to the insurance industry. It also demonstrates how Solvency II is already shaping the regulatory agenda and its likely impact on the insurance industry.

Worldwide, senior executives and managers in financial and non-financial firms are expected to make crucial business decisions based on the results of complex risk models. Yet interpreting the findings, understanding the limitations of the models and recognizing the assumptions that underpin them present considerable challenges for all but those with a background in specialized quantitative financial modeling.

The use of these quantitative risk models was blamed as being one of the major causes of the financial crisis that began in 2007. This report shows how risk models are constructed and why they play such an important role in financial markets. It provides a holistic approach to Risk Model Validation that will enable you, when faced with a specific risk model, to work out a step-by-step guide to asking the right questions in order to judge the validity of the model.

Mathematical modelling, implementation, data gathering, processes, reporting and the way senior management “digests” all this information will all be covered.

An essential part of a decision-maker’s armoury, Risk Model Validation provides an intensive guide to asking the key questions when integrating the outputs of quantitative modeling into everyday business decisions.

Stress Testing for Financial Institutions will provide you with guidance in regard to the stress testing process and includes several chapters on scenario analysis written by practitioners at Citigroup, Swedbank, GE Capital and the Bank of Finland.

This is the only book currently on the market that focuses solely on this subject, with sections broken down into close examination of stress testing in the context of corporate and retail credit risk, economic capital and regulatory capital.

This book is essential for financial risk quants, financial risk managers, financial risk researchers and financial institution regulators.

Stress Testing for Financial Institutions examines the regulatory and economic needs of banks and insurance companies and focuses on practical advice and solutions to everyday problems.

A multi-author title that focuses on both the fundamentals of real options, and the very latest practical approaches for their application in the energy industry.