Financial Risk and Derivatives provides an excellent illustration
of the links that have developed in recent years between the theory
of finance on one hand and insurance economics and actuarial
science on the other. 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.
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