Finance and Insurance
| Description:
Quantifying and managing financial risks is crucial for participants in the insurance and finance sector. The complexity of many of the contractual obligations necessitates the use of computational models for valuation and risk measurement purposes and hence an understanding of issues both in numerical mathematics and computer implementation. The objective within Macsi-net is to create an on-going effort to promote computer simulation techniques and rise awareness of model calculations in the finance and insurance sector. Furthermore, we would like to exploit similarities in problem representations and synergies in mathematical modelling to bring the two still very isolated sectors together and thereby create new perspectives and opportunities in the demanding and fast moving domain of computational finance and insurance.
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