|
Financial Risk and Derivatives provides an excellent illustration of the links that have developed over the past years between the theory of finance on one hand insurance economics and actuarial science on the other hand. Advances in contingent claims analysis and developments in the academic and practical literature dealing with the management of financial risks reflect the close relationships between insurance and innovations in finance.
The book represents an overview of the present state of the art in theoretical research dealing with financial issues of significance for insurance science. It will hopefully provide an impetus to further developments in applied insurance research.
|
