This book focuses on the application of the partial hedging approach from modern math finance to equity-linked life insurance contracts. It provides an accessible, up-to-date introduction to quantifying financial and insurance risks. The book also explains how to price innovative financial and insurance products from partial hedging perspectives. Each chapter presents the problem, the mathematical formulation, theoretical results, derivation details, numerical illustrations, and references to further reading.
| ISBN: | 9781482240269 |
| Publication date: | 30th August 2017 |
| Author: | Alexander (University of Alberta, Edmonton, Canada) Melnikov, Amir (University of Alberta, Edmonton, Canada) Nosrati |
| Publisher: | Chapman & Hall/CRC an imprint of Taylor & Francis Inc |
| Format: | Hardback |
| Pagination: | 212 pages |
| Series: | Chapman and Hall/CRC Financial Mathematics Series |
| Genres: |
Applied mathematics Probability and statistics Finance and accounting Econometrics and economic statistics |