Financial Enterprise Risk Management
Regression Modeling with Actuarial and Financial Applications
Paul Sweeting, University of Kent, Canterbury
Edward W. Frees, University of Wisconsin, Madison
Financial Enterprise Risk Management provides all the tools needed to build and maintain a comprehensive ERM framework. It covers a range of qualitative and quantitative techniques that can be used to identify, model and measure risks, and describes a range of risk mitigation strategies. Over 100 diagrams are used to help describe the range of approaches available, and risk management issues are further highlighted by various case studies. This book is an excellent resource for actuarial students studying for examinations, for risk management practitioners and for any academic looking for an up-to-date reference to current techniques.
In addition to the fundamentals, this book describes several advanced statistical topics that are particularly relevant to actuarial and financial practice, including the analysis of longitudinal, two-part (frequency/severity), and fat-tailed data.
✓ Part of the core reading for the UK Actuarial Profession’s specialist technical examination in enterprise risk management, ST9
✓ Contains many references to different sub disciplines within the broad field of actuarial science, risk management and finance
✓ Worked examples illustrate how to implement the techniques described ✓ Case studies highlight previous failures to help the reader avoid the same errors
eBook available
✓ Provides a link between data analysis and data modelling - explains the role of a model ✓ Easy for a first time instructor - many real world data sets included, and a technical appendix provides the instructor with a great deal of flexibility for course coverage
February 2010 | 584 pages | 139 b/w illus. 142 tables 89 exercises 978-0-521-13596-2 | Paperback | £37.00 | 978-0-521-76011-9 | Hardback | £88.00
✓ Covers the full range of qualitative and quantitative techniques needed to manage risk in a financial organisation Preface; 1. An introduction to ERM; 2. Types of financial institution; 3. Stakeholders; 4. The internal environment; 5. The external environment; 6. Process overview; 7. Definitions of risk; 8. Risk identification; 9. Some useful statistics; 10. Statistical distributions; 11. Modelling techniques; 12. Extreme value theory; 13. Modelling time series;14. Quantifying particular risks;15. Risk assessment; 16. Responses to risk; 17. Continuous considerations; 18. Economic capital; 19. Risk frameworks; 20. Case studies; Index.
September 2011 | 564 pages | 120 b/w illus. 25 tables 978-0-521-11164-5 | Hardback | £65.00
eBook available
inspection copy available
Applied Probability and Risk Modelling From Principles to Practice Roger J. Gray, Heriot-Watt University, Edinburgh Susan M. Pitts, University of Cambridge July 2012 | 415 pp | 45 b/w illus. 30 tables 140 exercises 978-0-521-86394-0 | Hardback | £45.00
www.cambridge.org/actuaries
inspection copy available
Actuarial Mathematics for Life Contingent Risks
Nonlife Actuarial Models
David C. M. Dickson, University of Melbourne Mary R. Hardy, University of Waterloo, Ontario Howard R. Waters, Heriot-Watt University, Edinburgh
Yiu-Kuen Tse, Singapore Management University
✓ Selected as official reading for SOA Exam MLC in 2012
Forthcoming title
eBook available
✓ Practical textbook incorporating the latest developments in actuarial science ✓ Includes numerical solutions to end-of-chapter exercises
Theory, Methods and Evaluation
✓ Contains numerous illustrative examples to enhance understanding and facilitate self-study ✓ Features over 300 exercises, including some adapted from past exam questions, which allow the reader to apply their understanding ✓ Provides notes on the use of Excel to facilitate computation ✓ Teaching slides for instructors are available for download
✓ Teaches the underlying principles while preparing the reader for practical applications in life insurance
September 2009 | 540pp | 1 b/w illus. 55 tables 350 exercises | 978-0-521-76465-0 | Hardback | £40.00
September 2009 | 510pp | 65 tables 165 exercises 978-0-521-11825-5 | Hardback | £40.00
On offer at £16.00 until 31/01/12
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