Alternative risk transfer
integrated risk management through insurance, reinsurance, and the capital markets
- ISBN: 9780470857458
- Editorial: John Wiley & Sons Limited
- Fecha de la edición: 2004
- Lugar de la edición: Chichester. Reino Unido
- Colección: Wiley finace series
- Encuadernación: Cartoné
- Medidas: 26 cm
- Nº Pág.: 226
- Idiomas: Inglés
The Alternative Risk Transfer (ART) market has expanded in recent years to become a vital source of risk solutions and risk capacity and an important mechanism for the creation of integrated corporate risk management programs. The ART market unites the risk management and product development skills of financial institutions, insurers and reinsurers with the capital of global investors to give corporate risk managers the best possible means of managing financial and operating risks. In a time when natural and man-made disasters and financial volatility are constantly present, the need for dependable, equitably priced risk capacity and innovative, holistic risk solutions has never been greater. The ART market, which can supply both, is thus becoming an integral component of the 21st century financial markets. ÍNDICE:1 Overview of Risk Management. 2 Risk Management Drivers: Theoretical Motivations, Benefits, and Costs. 3 The ART Market and its Participants. 4 Primary Insurance/Reinsurance Contracts. 5 Captives. 6 Multi-risk Products. 7 Capital Markets Issues and Securitization. 8 Contingent Capital Structures.9 Insurance Derivatives.10 Enterprise Risk Management. 11 Prospects for Growth.
