in a risk measurement context is less developed. This paper uses a scheme from probability theory and statistics … suitable for revaluing instruments as required to determine a portfolio's Value-at-Risk and Expected Shortfall. Time series of …, Gaussian Process Regression leads to risk figures identical to those from full revaluation and outperforms Taylor expansion …

continue this development in the future, innovative leading risk indicators can make a significant contribution. If designed … leading risk indicators is positively influenced by the ongoing digital transformation in the maritime industry. With an … increasing amount of data from ship operation becoming available, these can be exploited in innovative risk management solutions …