Bøger af Amir Ahmad Dar

Derivatives have become hugely important in finance in the last thirty years and this attention is on the part of business school students and practitioners themselves. Derivatives are traded on many exchanges throughout the world. The main derivatives are option, forward, future, and swap. The learning process is usually difficult in any new subject, this book is written in such a way so that the reader will easily understand the concept of derivatives. The book presents the concepts related to derivatives in a simple and accessible manner. The book begins by providing an introduction to the derivatives in Chapter 1. Chapter 2 deals with the Binomial option pricing model and its terminologies. Chapter 3 deals with the Black Scholes model and how to derive the partial differential equation of the Black Scholes model. Chapter 4 deals with the monte carlo simulation with Matlab codes and Chapter 5 deals with the application of the Black Sholes Model to find the probability default. A unique feature of the book is that the examples are solved using both Binomial Model and the Black Scholes model and also practice problems are also given at the end of the book.

Reserving is one of the concepts in insurance industry. Reserving helps the insurer to meet the future losses and the liabilities for the insured in case of claim settlements. The most common purpose to calculate a reserve are ¿ to determine liabilities to be shown in the insurer¿s published accounts ¿ if separate accounts have to be prepared for the purpose of supervision of solvency, to determine the liabilities to be shown in those accounts ¿ to determine the liabilities to be shown in internal management accounts, business plans and budgets ¿ to provide an independent opinion on the reasonableness or adequacy of the reserves booked by the insurer. ¿ to provide information to management as to how areas of the business are performing, and provide an indication as to the profitability of business currently being written ¿ to estimate the claims costs incurred in recent periods as an intermediate step in the rating process. ¿ to value the insurer for purchase or sale given that any estimated surplus or deficit in the booked reserves will directly affect the valuation of the company ¿ to negotiate a commutation for the buyer or seller