the risk of extreme events since they appear as a natural extension of multivariate extreme-value theory to the level of …An accurate assessment of the risk of extreme environmental events is of great importance for populations, authorities … and the banking/insurance/reinsurance industry. Koch (2017) introduced a notion of spatial risk measure and a …

innovation lies in the integration of classical credibility theory with expected risk models, enhancing their stability and …Accurate risk assessment is crucial for predicting potential financial losses. This paper introduces an innovative … approach by employing expected risk models that utilize risk samples to capture comprehensive risk characteristics. The …

insurance on risk-neutral pricing and shortfall risk. In general, these feedback mechanisms affect the contract's payoff and … hence directly influence pricing and risk measurement. To isolate the effect of such strategies on shortfall risk, we …

This contribution relates to the use of risk measures for determining (re)insurers' economic capital requirements …. Alternative sets of properties of risk measures are discussed. Furthermore, methods for constructing risk measures via … different approaches relate to popular risk measures, such as VaR, Expected Shortfall, distortion risk measures and the …