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Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.

aggregate discounted claims --- Markovian arrival process --- partial integro-differential equation --- covariance --- multivariate gamma distribution --- multiplicative background risk model --- aggregate risk --- individual risk model --- collective risk model --- risk measure --- cumulative Parisian ruin --- stochastic orders --- surplus process --- renewal process --- discounted aggregate claims --- copulas --- archimedean copulas --- background risk --- systematic risk --- transfer function --- information processing --- order statistic --- concomitant --- ruin probability --- dual risk model --- constant interest rate --- integral equation --- Laplace transform --- numerical approximation --- maximal tail dependence --- clustering --- financial time series --- weighted cuts --- copula --- national culture --- survival analysis --- hazard model --- rating migrations --- advanced measurement approach --- confidence interval --- Monte Carlo --- operational risk --- value-at-risk --- central limit theorem --- insurance --- max-stable random fields --- rate of spatial diversification --- reinsurance --- risk management --- risk theory --- spatial dependence --- spatial risk measures and corresponding axiomatic approach --- n/a