The main topics represented in the book are modern risk theory and its applications, shastic modelling of insurance business, new mathematical problems in life and non-life insurance and related topics in applied and financial mathematics. The book is an original and useful source of inspiration and essential reference for a broad spectrum of theoretical and applied researchers, research students and experts from the insurance business. In this way, will contribute to the development of research and academy–industry co-operation in the area of insurance mathematics and its applications.