Risk Management in Banks and Insurance Companies: Step by Step
Anja Blatter, Nürtingen-Geislingen University of Applied Sciences;
Sean Bradbury, Nürtingen-Geislingen University of Applied Sciences;
Pascal Bruhn, Nürtingen-Geislingen University of Applied Sciences;
Dietmar Ernst, Nürtingen-Geislingen University of Applied Sciences
Springer International Publishing, 2024
ISBN: 9783031428357;
Language: English
This book shows how modern risk management in banks and insurance companies can be modeled in MATLAB. Readers are provided with all the necessary knowledge and skills in a systematic and structured step-by-step manner. Apart from basic Excel knowledge, no previous knowledge is required. The textbook is divided into five parts. First, the reader learns the basics of analyzing and modeling market risks. Next, the authors introduce and explain the modeling of credit risks and operational risks are quantified by calibrating loss distributions based on expert estimates. Furthermore, individual risk measures are examined in more detail. In order to calculate a risk measure for an overall portfolio to determine the risk capital, the question of the aggregation method is discussed. There are various common concepts for this, which are examined in more detail in the last part of the book.
Risk Management in Banks and Insurance Companies is aimed at students of business administration with a focus on financial services. Accompanying the book, readers receive Excel spreadsheets as digital bonus material for practice and application.
