commodities as input. This latter effect creates the so called "commodities risk". Additionally, commodities price fluctuations … correlation between commodity markets and financial markets. Our objective in this book, Risk Factors and Contagion in Commodity … driven only by their fundamentals, or whether there is also a systemic component influenced by the volatility present within …

scenarios. Insurance companies carry the risk of losses in exchange for a premium, which depends on the loss distribution …. Another example where risk is exchanged for a fixed price is swap contracts. Electricity futures can be seen as swaps where …: the average value-at-risk and power distortion principle. In the second part of this thesis, we bring together insurance …