{"product_id":"quantitative-operational-risk-models-1","title":"Quantitative Operational Risk Models","description":"\u003cp\u003eUsing real-life examples from the banking and insurance industries, \u003cstrong\u003eQuantitative Operational Risk Models \u003c\/strong\u003edetails how internal data can be improved based on external information of various kinds. Using a simple and intuitive methodology based on classical transformation methods, the book includes real-life examples of the combination of internal data and external information.\u003c\/p\u003e\u003cp\u003eA guideline for practitioners, the book begins with the basics of managing operational risk data to more sophisticated and recent tools needed to quantify the capital requirements imposed by operational risk. The book then covers statistical theory prerequisites, and explains how to implement the new density estimation methods for analyzing the loss distribution in operational risk for banks and insurance companies. In addition, it provides:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003e \u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eSimple, intuitive, and general methods to improve on internal operational risk assessment \u003c\/li\u003e\n\u003cli\u003eUnivariate event loss severity distributions analyzed using semiparametric models\u003c\/li\u003e\n\u003cli\u003eMethods for the introduction of underreporting information \u003c\/li\u003e\n\u003cli\u003eA practical method to combine internal and external operational risk data, including guided examples in SAS and R\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eMeasuring operational risk requires the knowledge of the quantitative tools and the comprehension of insurance activities in a very broad sense, both technical and commercial. Presenting a nonparametric approach to modeling operational risk data, \u003cstrong\u003eQuantitative Operational Risk Models\u003c\/strong\u003e offers a practical perspective that combines statistical analysis and management orientations. \u003c\/p\u003e","brand":"Taylor \u0026 Francis Inc","offers":[{"title":"Default Title","offer_id":54260138049880,"sku":"9781439895924","price":117.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781439895924_97e39f0f-ae64-41fb-9ccf-c26345757d65.jpg?v=1779342352","url":"https:\/\/agendabookshop.com\/products\/quantitative-operational-risk-models-1","provider":"Agenda Bookshop","version":"1.0","type":"link"}