Statistical Tools for Finance and Insurance

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<p><b>Statistical Tools for Finance and Insurance</b><i> </i>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. </p><p>Features of the significantly enlarged and revised second edition:</p><ul><li>Offers insight into new methods and the applicability of the stochastic technology</li><li>Provides the tools, instruments and (online) algorithms for recent techniques in quantitative finance and modern treatments in insurance calculations</li><li>Covers topics such as <br>- expected shortfall for heavy tailed and mixture distributions*^<br>- pricing of variance swaps*^<br>- volatility smile calibration in FX markets^<br>- pricing of catastrophe bonds and temperature derivatives*<br>- building loss models and ruin probability approximation<br>- insurance pricing with GLM*<br>- equity linked retirement plans*(new topics in the second edition marked with*)</li><li>Presents extensive examples</li></ul>