Equity Release Finance

1. Auflage 2025
ISBN: 978-1-032-37197-9
Verlag: Taylor & Francis Ltd (Sales)

Buch, Englisch, 296 Seiten, Format (B × H): 178 mm x 254 mm, Gewicht: 730 g

Reihe: Chapman and Hall/CRC Financial Mathematics Series

Equity Release Finance provides a self-contained introduction to the principles underpinning Equity Release Products (ERPs). The approach of the book, while academically robust, is also accessible and engaging, with a focus on practical examples and applications. It will provide an invaluable resource to a diverse audience, including Master’s degree and PhD students in finance, management science, actuarial science, and risk management. It will also be of service to academics and industry professionals.

Features

- A strong practical focus makes this an effective reference for industry professionals in the field of insurance, pensions, derivatives, and risk management

- Replete with pedagogical features, the book can be used to teach Master’s and/or PhD level graduate students

- The ideas presented in this book should be of interest to policy makers and regulators interested in developing a viable stable market, opening many avenues for further research in this area

Zielgruppe

Professional Practice & Development, Professional Reference, and Professional Training

Autoren/Hrsg.

Tunaru, Radu S

Quaye, Enoch B

Fachgebiete

• Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen Angewandte Mathematik, Mathematische Modelle
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

1. Introduction to Equity Release Products. 2. The Need for Equity Release Financial Products. 3. Equity Release Products. 4. Regulation of Equity Release Instruments. 5. Equity Release Instruments. 6. NNEG Calculus. 7. Risk Management of Equity Release Products. 9. ERP risk premium. 10. Portfolio Analysis. 11. Summary Discussions.

Über Autor(innen)

Radu S. Tunaru is Professor of Finance and Risk Management at the University of Reading, where he is the current Head of the ICMA Centre in the Henley Business School. Radu is on the Associate Editor Board of the Journal of Derivatives and the Journal of Portfolio Management, and he worked for Bank of Montreal and Merrill Lynch in London in their Structured Finance divisions. He published in many journals in Finance and Risk Management including Journal of Financial Economics, Journal of Economic Perspectives, Journal of Corporate Finance, Journal of Banking and Finance, Journal of Real Estate Finance and Economics, European Journal of Operational Research, Insurance: Mathematics and Economics and Review of Economics and Statistics, among others. He co-authored several papers with Robert Shiller, the Nobel laureate for Economics in 2013 and he conducted consulting for various banks, hedge-funds, start-ups and executive training houses including Lloyds and London Financial Studies. His expertise covers Derivatives Markets, Model Risk in Finance and Insurance, Credit Risk, Real-Estate Finance, Real-Options and Empirical International Finance.

Enoch B. Quaye is a lecturer in finance with the Department of Accounting and Finance, University of Bristol Business School. His Ph.D. degree specialty is in Financial Risk Management and Asset Pricing. Before then, he was lecturer in finance at the University of Kent Business School, University of Kent, and also lecturer in Statistics and Actuarial Science with the Department of Statistics and Actuarial Science, University of Ghana. He has over 10 years of industry experience as an actuary and risk management professional and has consulted extensively for corporate organizations through advice provisioning and training workshops. Enoch's research spans financial risk management, derivatives, asset pricing, and pensions.