Center for Quantitative Risk Analysis

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“Quantification and Management of Financial and Energy Risks”
Analyzing, modeling and managing financial and energy risks require the quantification of the underlying processes. The main objective of the project is to develop statistical and econometric procedures helping us to understand financial and energy risk and to design and implement risk management procedures. The project group seeks close cooperation with researchers from other disciplines and practitioners.

“Correlation-based Diversification: A Strategy of the Past?”
This project investigates to what extent correlation-based diversification strategies can give rise to useful tools for managing portfolios of financial assets. Alternatives approaches to modeling dependencies between asset returns are investigated with respect to both their empirical relevance as well as their practical implementability.
The project is conducted in cooperation with the Bavarian Center of Finance (Bayerisches Finanz Zentrum e.V.) and sponsored by the Fides Trust Vermögenstreuhand GmbH, Munich, and Wegelin & Co. Privatbankiers, St. Gallen, Switzerland.

“Actuarial Sciences for Africa”
CEQURA’s Financial-Risk group supports the establishment of university programs in actuarial sciences in Africa. The initiative has started in Benin, with a bachelor and a master’s program offered by the private institution ISM-Adonaï (Institut Supérieur Adonaï de Management), the National Economic Institute and the State University of Benin (UAC). The program provides training for students from the West-African region and involves exchanges of students, faculty and policy makers between Africa and Europe.
The project has been sponsored, among others, by the German Academic Exchange Service (DAAD), the Allianz Group, Munich, and Aktuarwissen für Afrika e.V.