In the insurance industry, life insurers are required by regulators to meet capital requirements to avoid insolvency caused by, for example, sudden mortality changes due to the COVID-19 pandemic. To prevent any large movements in this required capital, insurance companies are motivated to...

Compared to the past literature on prediction markets that uses small-scale observational field data or experiments, this present research examines the efficiency of such markets by studying catastrophe (CAT) bonds. We collect actual catastrophe loss data, match them with the defined trigger...

Online banking fraud occurs whenever a criminal can seize accounts and transfer funds from an individual's online bank account. Successfully preventing this requires the detection of as many fraudsters as possible, without producing too many false alarms. This is a challenge for machine learning...