Resource title

Simulation of risk processes

Resource image

image for OpenScout resource :: Simulation of risk processes

Resource description

The simulation of risk processes is a standard procedure for insurance companies. The generation of simulated (aggregated) claims is vital for the calculation of the amount of loss that may occur. Simulation of risk processes also appears naturally in rating triggered step-up bonds, where the interest rate is bound to random changes of the companies? ratings.

Resource author

Wolfgang Karl Härdle, Krzysztof Burnecki, Rafał Weron

Resource publisher

Resource publish date

Resource language


Resource content type


Resource resource URL

Resource license

Adapt according to the presented license agreement and reference the original author.