Vojo Bubevski

"Insurance Risk Assessment and Management with Advanced Applications" is a practical book. This book is purposed for Risk Management professionals, managers, risk managers, risk analysts, academics, and degree students teaching/studying Management, Risk Management, Risk & Decision Analysis, and Operations Research. The book chapters are Insurance Claims Models, Insurance Claims Pay-out, Insurance Claims Stress, Insurance Claims Through Time, Insurance Claims with Reinsurance Option, Insurance Claims with RiskCompound Cell Referencing, Insurance Contingent Contract Valuation, and Insurance Stress Analysis. The author's distinguished book "Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management" including the Six Sigma DMAIC methods for Risk Management has been recognised and ranked with 3.93 stars in the "100 Best Financial Risk Management Books of All Time" by the BookAuthority (Ref. https: //bookauthority.org/author/Vojo-Bubevski). Bernstein stated, "The risk will always be there, so we must explore many interesting tools that can help us to control risks we cannot avoid taking" (Bernstein & Damodaran 1998). The author's presented book is one such tool.

The book "Banking Risk Assessment and Management with Comprehensive Applications" elaborates on comprehensive applications, as well as advanced novel concepts and tools for Banking Risk Management. The concepts and tools include Stochastic Models, Simulation, Optimisation, and Sensitivity Analysis. This book elaborates on the following eight chapters i) Advanced Sensitivity Analysis; ii) Cash Management; iii) Credit Risk Losses; iv) E-Commerce Service; v) Exchange Rate Hedging; vi) Projecting Interest Rates; vii) Risk Register Real-Time Cash Flows Risk Register Real-Time Cash Flows; and viii) Sensitivity Analysis with Sim-table. The book assumes a working knowledge of the subject. By applying the proposed approach in Banking, readers will substantially improve and facilitate the financial risk measurement and assessment, which will ultimately and systematically enhance financial risk management in Banking. This is an important objective, which if achieved, will gain significant benefits. Bernstein stated, "For the risk, we must explore many interesting tools that can help us to control risks we cannot avoid taking" (Bernstein & Damodaran 1998). This author's book is one such tool.