"They did it again! Now in its third edition, The Essentials of Risk Management remains the definitive source on the subject and now covers how machine learning, fintech intermediation, and ESG can be embedded into ERM. Nowhere else can one find such broad, deep, expert, and accessible coverage of risk management."
—Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance, Graduate School of Business, Stanford University.

" The Essentials of Risk Management is an important reference for the industry. It covers all of the important risk issues, including ESG, role of AI and emerging risks from FinTech, in a clear, comprehensive, and accessible manner. These issues should be of concern to business leaders and risk managers. It is always my "first stop" in answering questions, and I use it as an overall roadmap for improving the risk management in my company."
—Thomas C. Wilson, CEO, President and Country Manager at Allianz Ayudhya and former Group Chief Risk Officer, Allianz SE

“This new book is really an important contribution, updating the authors’ classic work on risk management and risk taking. Several new, important dimensions of risk analytics are covered most effectively, while the distinguished authors still ask the basic risk question, “how bad might the problem get”, and suggest modern statistical methods to answer this fundamental question.
—Edward Altman, Max L, Heine Professor of Finance, Emeritus, NYU Stern School of Business