Preface

Mastering Risk Volume 1: Concepts provides a comprehensive overview of the important concepts of risk management. As risk experts, leading academic specialists and practitioners in the day-to-day environment of risk management, the contributors provide a well-balanced look at risk from every angle and attitude. This includes:

• Risk measurement
• Risk strategy
• Financial risk
• Operational risk
• Regulation and political risk
• Insurance and systematic risk
• Emerging issues in risk
• Extreme events
• Risk management

Readers will not need advanced mathematical skills or financial expertise to understand the concepts presented, and the book touches on a wide range of disciplines, such as psychology, investment, law, statistics, and marketing. The practical relevance of the concepts is highlighted throughout with recent examples and short case studies.

Mastering Risk Volume 1 traces the development of concepts and introduces the latest ideas from US and European perspectives.