The students learn about statistical tools and their mathematical foundation applied in finance and insurance.
Statistical Tools in Finance and Insurance: The course offers an overview of advanced statistical methods in quantitative finance and insurance which should be comprehensible for a graduate student in financial engineering as well as for an inexperienced newcomer who wants to get a grip on advanced statistical tools applied in these fields. The course will cover the following topics: Expected Shortfall, Catastrophic Bonds, Weather Derivatives,
Co2 and Energy Derivatives.
The registration in the respective Moodle course is obligatory.
Prerequisite: Multivariate Statistical Analysis I