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: | 11th September 2017 |
| Author: | A V Melnikov, Amir Nosrati |
| Publisher: | Chapman & Hall/CRC an imprint of CRC Press |
| Format: | Hardback |
| Pagination: | 207 pages |
| Series: | Chapman & Hall/CRC Financial Mathematics Series |
| Genres: |
Finance and accounting Probability and statistics Applied mathematics Econometrics and economic statistics |