Fundamental Aspects of Operational Risk and Insurance Analytics / Wiley Handbooks in Financial Engineering and Econometrics (PDF)

A one-stop guide for the theories, applications, and
statistical methodologies essential to operational risk

Providing a complete overview of operational risk modeling and
relevant insurance analytics, Fundamental Aspects of Operational
Risk and Insurance Analytics: A Handbook of Operational Risk
offers a systematic approach that covers the wide range of topics
in this area. Written by a team of leading experts in the field,
the handbook presents detailed coverage of the theories,
applications, and models inherent in any discussion of the
fundamentals of operational risk, with a primary focus on Basel
II/III regulation, modeling dependence, estimation of risk models,
and modeling the data elements.

Fundamental Aspects of Operational Risk and Insurance Analytics:
A Handbook of Operational Risk begins with coverage on the four
data elements used in operational risk framework as well as
processing risk taxonomy. The book then goes further in-depth into
the key topics in operational risk measurement and insurance, for
example diverse methods to estimate frequency and severity models.
Finally, the book ends with sections on specific topics, such as
scenario analysis; multifactor modeling; and dependence modeling. A
unique companion with Advances in Heavy Tailed Risk Modeling: A
Handbook of Operational Risk, the handbook also features:

* Discussions on internal loss data and key risk indicators,
which are both fundamental for developing a risk-sensitive
framework

* Guidelines for how operational risk can be inserted into a
firm's strategic decisions

* A model for stress tests of operational risk under the United
States Comprehensive Capital Analysis and Review (CCAR)
program

A valuable reference for financial engineers, quantitative
analysts, risk managers, and large-scale consultancy groups
advising banks on their internal systems, the handbook is also
useful for academics teaching postgraduate courses on the
methodology of operational risk.