Risk Analysis, Ruin and Extremes (RARE)

University of Liverpool IFAM, together with a consortium of 11 other  international higher education institutions, has been awarded a four year EU Framework 7 project, within the Marie Curie People Action on International Research Staff Exchange  Scheme (IRSES). The project aims at developing the theoretical side of the analysis of ruin probabilities in case of disasters or extreme shocks for insurance-like risk pools, by the introduction and analysis of new risk measures, and by (asymptotic) quantification of aggregated risk, central topics of interest for the prediction of financial disasters and more generally for risk management.

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This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 318984 -RARE‌