Both in insurance and in finance applications, questions involving
extremal events (such as large insurance claims, large fluctuations in
financial data, stock market shocks, risk management, ...) play an
increasingly important role. This book sets out to bridge the gap
between the existing theory and practical applications both from a
probabilistic as well as from a statistical point of view. Whatever new
theory is presented is always motivated by relevant real-life examples.
The numerous illustrations and examples, and the extensive bibliography
make this book an ideal reference text for students, teachers and users
in the industry of extremal event methodology.