Table of contents
Single Factor Stochastic Models with Seasonality Applied to Underlying Weather Derivatives Variables
HIPÒLIT TORRÓ, VICENTE MENEU, ENRIC VALORThe authors employ single‐factor models to estimate daily temperature variations for the valuation of weather derivatives. Classical financial models are adapted to fit…
Global Warming and Financial Umbrellas
CESARE DOSI, MICHELE MORETTOWeather derivatives have emerged as a generally acknowledged, if not widely utilized, risk management product within the past 5 to 10 years. The authors of this article compare…
“Leapfrogging” the Variance: The Financial Management of Extreme‐Event Risk
MICHAEL R. POWERSEvents surrounding September 11, 2001, have motivated increasing interest in identifying, assessing, and managing the risk of “extreme events.” This article introduces a new…
Capital Markets and Insurance Cycles
KURT KARL, THOMAS HOLZHEU, MAYANK RATURIAlthough much research has been published on the convergence of insurance and capital markets, few researchers have explored the interrelation between capital market and insurance…
Insurance League: Italy vs. U.K.
ANDREA CONSIGLIO, DAVID SAUNDERS, STAVROS ZENIOSInsurers are competing by adopting product innovations that provide the insured with integrated coverage for actuarial and financial risks. This article compares the contract…
Developing and Implementing a Stochastic Decision‐Support Model Within an Organizational Context: Part I—The Model
KJETIL HØYLAND, ERIK RANBERG, STEIN W. WALLACEEnterprise risk management is the discipline that governs the integrated management of the aggregate risks for a given firm with consideration for its strategic and organizational…
A Critique of Modeled Credit Default Swap Duration
DAVID A. BOBERSKIWith the emergence and widespread adoption of credit derivatives, determining the price volatility of a credit default swap has become fundamental to fixed income trading and…
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1526-5943Online date, start – end:
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Emerald Publishing LimitedOpen Access:
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Balance SheetEditor:
- Nawazish Mirza