{"product_id":"9781032745046-constructing-insurable-risk-portfolios","title":"Constructing Insurable Risk Portfolios","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003e\u003cp\u003eDrawing inspiration from Markowitz portfolio theory, it leverages techniques from probability, statistics, and optimization to build algorithms that construct optimal risk insurable portfolios under budget constraints.\u003c\/p\u003e\n\u003cbr\u003e\u003cp\u003e\u003cb\u003eConstructing Insurable Risk Portfolios\u003c\/b\u003e offers a data-driven approach to devising risk retention programs that safeguard firms from a multitude of risks. Because firms face many risks, including fire damage to their buildings, liability from management misconduct, and external threats like cyberattacks, this book treats these potential liabilities as a \"portfolio.\" Drawing inspiration from Markowitz portfolio theory, the text leverages techniques from probability, statistics, and optimization to build algorithms that construct optimal risk insurable portfolios under budget constraints.\u003c\/p\u003e\n\u003cp\u003eFeatures\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThrough engaging case studies and supporting statistical (R) code, readers will learn how to build optimal insurable risk portfolios.\u003c\/li\u003e\n\u003cli\u003eThis book illustrates a frontier that depicts the trade-off between the uncertainty of a portfolio and the cost of risk transfer. This visual representation, mirroring familiar Markowitz investment tools, enables informed decision-making and easy adoption by risk advisors.\u003c\/li\u003e\n\u003cli\u003eThis book lays the mathematical groundwork for constructing optimal insurable risk portfolios in an effective and aesthetically pleasing manner.\u003c\/li\u003e\n\u003cli\u003eFor those interested in the detailed mathematical aspects of insurable risk portfolio optimization, comprehensive proofs and derivations are available in an online supplement.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThis book equips students, academics, and practitioners with quantitative tools to analyze real-world risk portfolios. Additionally, it empowers financial analysts to provide data-driven insights that enhance their advisory roles for risk managers.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":56434698944886,"sku":"9781032745046","price":163.77,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/stand_36649440.jpg?v=1760629890","url":"https:\/\/www.rarewaves.com\/products\/9781032745046-constructing-insurable-risk-portfolios","provider":"Rarewaves.com","version":"1.0","type":"link"}