APPLICATIONS OF MATHEMATICS STOCHASTIC MODELLING AND APPLIED PROBABILITY 33 Modelling Extremal Events for Insurance and Finance -- Modelling Extremal Events for Insurance and Finance -- Copyright -- Preface -- Table of Contents -- Reader Guidelines -- 1 Risk Theory -- 2 Fluctuations of Sums -- 3...

As an emerging field of applied research, quantitative risk management (QRM) poses a lot of challenges for probabilistic and statistical modeling. This review provides a discussion on selected past, current, and possible future areas of research at the intersection of statistics and QRM. Topics...