When "Financial Risk in Insurance" appeared in 1995, we would not have imag- ined that this text would find such a wide readership. After all actuarial col- leagues had received the text automatically through their subscription to the 1993 AFIR colloquium in Rome. So the demand must have come from outside of our own professional circles, we believe from researchers and practitioners in finance. Both in 1996 and 1997 further copies needed to be printed. We therefore applaud the initiative by Springer to make this text available in the form of a soft-cover edition. We hope that this new edition...