{"product_id":"constructing-insurable-risk-portfolios-edward-w-frees-9781032745046","title":"Constructing Insurable Risk Portfolios","description":"\u003cp\u003e\u003cb\u003eConstructing Insurable Risk Portfolios\u003c\/b\u003e offers a data-driven approach to devising risk retention programs that safeguard firms from a multitude of risks. Because firms face many risks, including fire damage to their buildings, liability from management misconduct, and external threats like cyberattacks, this book treats these potential liabilities as a \"portfolio.\" Drawing inspiration from Markowitz portfolio theory, the text leverages techniques from probability, statistics, and optimization to build algorithms that construct optimal risk insurable portfolios under budget constraints.\u003c\/p\u003e\u003cp\u003eFeatures\u003c\/p\u003e\u003cul\u003e \u003cli\u003eThrough engaging case studies and supporting statistical (R) code, readers will learn how to build optimal insurable risk portfolios.\u003c\/li\u003e \u003cli\u003eThis book illustrates a frontier that depicts the trade-off between the uncertainty of a portfolio and the cost of risk transfer. This visual representation, mirroring familiar Markowitz investment tools, enables informed decision-making and easy adoption by risk advisors.\u003c\/li\u003e \u003cli\u003eThis book lays the mathematical groundwork for constructing optimal insurable risk portfolios in an effective and aesthetically pleasing manner.\u003c\/li\u003e \u003cli\u003eFor those interested in the detailed mathematical aspects of insurable risk portfolio optimization, comprehensive proofs and derivations are available in an online supplement.\u003c\/li\u003e \u003c\/ul\u003e\u003cp\u003eThis book equips students, academics, and practitioners with quantitative tools to analyze real-world risk portfolios. Additionally, it empowers financial analysts to provide data-driven insights that enhance their advisory roles for risk managers.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Edward W. Frees\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1032745045\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781032745046\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/09\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 310\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.74lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 7.00w x 0.75d","brand":"Edward W. Frees","offers":[{"title":"Hardcover","offer_id":48065329889535,"sku":"9781032745046","price":140.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_384ea074-766d-45c8-a0a2-4210e64deb61.jpg?v=1768674479","url":"https:\/\/www.whiterainbookhouse.com\/products\/constructing-insurable-risk-portfolios-edward-w-frees-9781032745046","provider":"WR Book House","version":"1.0","type":"link"}