The International Clean Energy Market (ICEM) has emerged as one of the fastest-growing sectors in the energy industry. The increasing financialization and integration of the ICEM has meant that internal systemic risks have begun to surface, which can potentially seriously threaten the stable...

In this study, we assess COVID-19-related mortality in Minnesota and Wisconsin with the aim of demonstrating both the temporal dynamics and the magnitude of the pandemic's influence from an actuarial risk standpoint. In the initial segment of this paper, we discuss the methodology successfully...

In this paper, we propose a novel framework for estimating systemic risk measures and risk allocations based on Markov Chain Monte Carlo (MCMC) methods. We consider a class of allocations whose jth component can be written as some risk measure of the jth conditional marginal loss distribution...

In this paper, we propose a novel framework for estimating systemic risk measures and risk allocations based on Markov Chain Monte Carlo (MCMC) methods. We consider a class of allocations whose jth component can be written as some risk measure of the jth conditional marginal loss distribution...

Abstract Conditional excess risk measures like Marginal Expected Shortfall and Marginal Mean Excess are designed to aid in quantifying systemic risk or risk contagion in a multivariate setting. In the context of insurance, social networks, and telecommunication, risk factors often tend to be...