Quantitative Risk Measurement and Management

Dear Colleagues,

Quantifying risks has become a major task for banks, financial institutions, governments, etc. Several recent developments require new risk measurement and risk management frameworks. Firstly, a series of forgotten and even new risks are threatening our society again. The World Economic Forum is listing risks such as a pandemic, climate change, natural hazards, cyber risk, asset price bubbles among the most important dangers for the near future. Moreover, longevity risk and the increasing costs for health care are posing challenges for governments to keep social security adequate and affordable. All these risks have in common that they are at least partly systematic in nature. Managing these newly emerged risks requires a new quantitative toolbox. Secondly, insurance and financial products are becoming increasingly complex and interconnected. Therefore, new valuation and risk management methods have to be designed to cope with these new hybrid products. Lastly, nowadays there is an abundance of data and computational power available, which allows for modern and sophisticated data analytics and machine learning algorithms and possibly groundbreaking solutions to existing risk management problems.

This Special Issue aims to compile high-quality papers that offer a discussion of state-of-the-art developments or introduce new theoretical or practical advances in the area of quantitative risk measurement and management. We welcome papers related but not limited to the following topics:

• Risk measures and systemic risk
• Solvency for financial institutions and risk aggregation
• Extreme value theory in risk management
• Pricing and valuation of unit-linked insurance
• Hedging and control strategies
• Longecity modelling and risk management
• Cyber insurance and risk management
• Catastrophe risk management
• Machine learning applications in risk management
• Stochastic orders

Dr. Daniël Linders
Dr. Wing Fung Chong
Prof. Dr. Jan Dhaene
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 250 words) can be sent to the Editorial Office for assessment.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.