Probability is essential in finance and insurance for quantifying risk, which is used to calculate premiums, set capital reserves, make investment decisions, and price derivatives. In finance, it ...

Stochastic processes provide a rigorous framework for modelling systems that evolve over time under uncertainty, while extremal theory offers the tools for understanding the behaviour of rare, ...

Ruin probability quantifies the risk that an insurer or financial institution’s liabilities may exceed its assets, ultimately leading to insolvency. Recent advancements in risk management have ...

The beauty of Statistics is that if you can take a large enough group of people, you can predict really well what the outcome will be overall Our research works across the fields of probability, ...