Alternative risk transfer: integrated risk management through insurance, reinsurance, and the capital markets
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Chichester
Wiley
2005
|
| Ausgabe: | Repr. |
| Schriftenreihe: | Wiley finance series
|
| Schlagworte: | |
| Online-Zugang: | Contributor biographical information Publisher description Table of contents Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references (p. [221]-222) and index |
| Beschreibung: | VIII, 226 S graph. Darst. |
| ISBN: | 0470857455 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | CONTENTS ACKNOWLEDGEMENTS IX BIOGRAPHY XI PART I: RISK AND THE ART
MARKET 1 1 OVERVIEW OF RISK MANAGEMENT 3 1.1 RISK AND RETURN 3 1.2
ACTIVE RISK MANAGEMENT 5 1.2.1 RISK MANAGEMENT PROCESSES 6 1.2.2 RISK
MANAGEMENT TECHNIQUES 7 1.2.3 GENERAL RISK MANAGEMENT CONSIDERATIONS 10
1.3 RISK CONCEPTS 12 1.3.1 EXPECTED VALUE AND VARIANCE 12 1.3.2 RISK
AVERSION 14 1.3.3 RISK TRANSFER AND THE INSURANCE MECHANISM 16 1.3.4
DIVERSIFICATION AND RISK POOLING 17 1.3.5 HEDGING 20 1.3.6 MORAL HAZARD,
ADVERSE SELECTION AND BASIS RISK 21 1.3.7 NON-INSURANCE TRANSFERS 22 1.4
OUTLINE OF THE BOOK 22 2 RISK MANAGEMENT DRIVERS: THEORETICAL
MOTIVATIONS, BENEFITS, AND COSTS 25 2.1 MAXIMIZING ENTERPRISE VALUE 25
2.2 THE DECISION FRAMEWORK 29 2.2.1 REPLACEMENT AND ABANDONMENT 31 2.2.2
COSTS AND BENEFITS OF LOSS CONTROL 31 2.2.3 COSTS AND BENEFITS OF LOSS
FINANCING 32 2.2.4 COSTS AND BENEFITS OF RISK REDUCTION 35 2.3 COPING
WITH MARKET CYCLES 35 2.3.1 INSURANCE PRICING 35 2.3.2 HARD VERSUS SOFT
MARKETS 37 2.4 ACCESSING NEW RISK CAPACITY 42 2.5 DIVERSIFYING THE
CREDIT RISK OF INTERMEDIARIES 43 VI CONTENTS 2.6 MANAGING ENTERPRISE
RISKS INTELLIGENTLY 44 2.7 REDUCING TAXES 45 2.8 OVERCOMING REGULATORY
BARRIERS 46 2.9 CAPITALIZING ON DEREGULATION 47 3 THE ART MARKET AND ITS
PARTICIPANTS 49 3.1 A DEFINITION OF ART 49 3.2 ORIGINS AND BACKGROUND OF
ART 51 3.3 MARKET PARTICIPANTS 52 3.3.1 INSURERS AND REINSURERS 53 3.3.2
INVESTMENT, COMMERCIAL, AND UNIVERSAL BANKS 55 3.3.3 CORPORATE END-USERS
56 3.3.4 INVESTORS/CAPITAL PROVIDERS 57 3.3.5 INSURANCE AGENTS AND
BROKERS 57 3.4 PRODUCT AND MARKET CONVERGENCE 58 PART II: INSURANCE AND
REINSURANCE 61 4 PRIMARY INSURANCE/REINSURANCE CONTRACTS 63 4.1
INSURANCE CONCEPTS 63 4.2 INSURANCE AND LOSS FINANCING 64 4.3 PRIMARY
INSURANCE CONTRACTS 65 4.3.1 MAXIMUM RISK TRANSFER CONTRACTS 65 4.3.2
MINIMAL RISK TRANSFER CONTRACTS 66 4.3.3 LAYERED INSURANCE COVERAGE 76
4.4 REINSURANCE AND RETROCESSION CONTRACTS 78 4.4.1 FACULTATIVE AND
TREATY REINSURANCE 81 4.4.2 QUOTA SHARE, SURPLUS SHARE, EXCESS OF LOSS,
AND REINSURANCE POOLS 81 4.4.3 FINITE REINSURANCE 86 89 89 89 91 94 94
95 95 96 99 100 MULTI-RISK PRODUCTS 103 6.1 MULTIPLE PERIL PRODUCTS 103
6.2 MULTIPLE TRIGGER PRODUCTS 106 5 CAPTIVES 5 5. 5. .1 .2 .3 USING
5.1.1 5.1.2 FORMS 5.2.1 5.2.2 5.2.3 5.2.4 5.2.5 CAPTIVES TO RETAIN RISKS
BACKGROUND AND FUNCTION BENEFITS AND COSTS OF CAPTIVES PURE CAPTIVES
SISTER CAPTIVES GROUP CAPTIVES RENT-A-CAPTIVES AND PROTECTED CELL
COMPANIES RISK RETENTION GROUPS TAX CONSEQUENCES CONTENTS VII PART III:
CAPITAL MARKETS 113 7 CAPITAL MARKETS ISSUES AND SECURITIZATION 115 7.1
OVERVIEW OF SECURITIZATION 115 7.2 INSURANCE-LINKED SECURITIES 116 7.2.1
OVERVIEW 116 7.2.2 COSTS AND BENEFITS 118 7.3 STRUCTURAL FEATURES 119
7.3.1 ISSUING VEHICLES 119 7.3.2 TRIGGERS 121 7.3.3 TRANCHES 123 7.4
CATASTROPHE BONDS 124 7.4.1 HURRICANE 124 7.4.2 EARTHQUAKE 127 7.4.3
WINDSTORM 129 7.4.4 MULTIPLE CAT PERIL ILS AND PERIL BY TRANCHE ILS 129
7.4.5 BOND/DERIVATIVE VARIATIONS 130 7.5 OTHER INSURANCE-LINKED
SECURITIES 131 8 CONTINGENT CAPITAL STRUCTURES 135 8.1 CREATING
POST-LOSS FINANCING PRODUCTS 135 8.2 CONTINGENT DEBT 139 8.2.1 COMMITTED
CAPITAL FACILITIES 139 8.2.2 CONTINGENT SURPLUS NOTES 140 8.2.3
CONTINGENCY LOANS 141 8.2.4 FINANCIAL GUARANTEES 142 8.3 CONTINGENT
EQUITY 142 8.3.1 LOSS EQUITY PUTS 143 8.3.2 PUT PROTECTED EQUITY 146
INSURANCE DERIVATIVES 149 9.1 DERIVATIVES AND ART 149 9.2 GENERAL
CHARACTERISTICS OF DERIVATIVES 150 9.3 EXCHANGE-TRADED INSURANCE
DERIVATIVES 156 9.3.1 EXCHANGE-TRADED CATASTROPHE DERIVATIVES 156 9.3.2
EXCHANGE-TRADED TEMPERATURE DERIVATIVES 157 9.4 OTC INSURANCE
DERIVATIVES 162 9.4.1 CATASTROPHE REINSURANCE SWAPS 162 9.4.2 PURE
CATASTROPHE SWAPS 164 9.4.3 TEMPERATURE DERIVATIVES 164 9.4.4 OTHER
WEATHER DERIVATIVES 166 9.4.5 CREDIT DERIVATIVES 167 9.5 BERMUDA
TRANSFORMERS AND CAPITAL MARKETS SUBSIDIARIES 168 VIII CONTENTS PART IV:
ART OF THE FUTURE 171 10 ENTERPRISE RISK MANAGEMENT 10.1 COMBINING RISKS
10. U THE ENTERPRISE RISK MANAGEMENT CONCEPT 10.1.2 COSTS AND BENEFITS
10.2 DEVELOPING AN ENTERPRISE RISK MANAGEMENT PROGRAM 10.2.1 STRATEGIC
AND GOVERNANCE CONSIDERATIONS 10.2.2 PROGRAM BLUEPRINT 10.2.3 PROGRAM
COSTS 10.3 END-USER DEMAND 173 173 173 177 179 180 182 186 188 11
PROSPECTS FOR GROWTH 11.1 DRIVERS OF GROWTH 11.2 11.3 11.4 11.5 BARRIERS
TO GROWTH MARKET SEGMENTS 1 I L L L L .3.1 FINITE STRUCTURES .3.2
CAPTIVES 1.3.3 MULTI-RISK PRODUCTS .3.4 CAPITAL MARKETS ISSUES .3.5
CONTINGENT CAPITAL .3.6 INSURANCE DERIVATIVES 11.3.7 ENTERPRISE RISK
MANAGEMENT END-USER PROFILES FUTURE CONVERGENCE GLOSSARY SELECTED
REFERENCES INDEX 193 193 194 196 196 197 197 198 198 199 199 201 202 205
221 223
|
| any_adam_object | 1 |
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| dewey-search | 658.155 |
| dewey-sort | 3658.155 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | Repr. |
| format | Book |
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| illustrated | Illustrated |
| indexdate | 2024-07-09T20:10:28Z |
| institution | BVB |
| isbn | 0470857455 |
| language | English |
| lccn | 2003025310 |
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| physical | VIII, 226 S graph. Darst. |
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| spelling | Banks, Erik 1965- Verfasser (DE-588)171578902 aut Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets Erik Banks Repr. Chichester Wiley 2005 VIII, 226 S graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wiley finance series Includes bibliographical references (p. [221]-222) and index aFinance aRisk management aCapital market aRisk (Insurance) aReinsurance Risikoverteilung (DE-588)4138417-9 gnd rswk-swf Risikoverteilung (DE-588)4138417-9 s DE-604 http://www.loc.gov/catdir/bios/wiley046/2003025310.html Contributor biographical information http://www.loc.gov/catdir/description/wiley041/2003025310.html Publisher description http://www.loc.gov/catdir/toc/wiley041/2003025310.html Table of contents SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013320268&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Banks, Erik 1965- Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets aFinance aRisk management aCapital market aRisk (Insurance) aReinsurance Risikoverteilung (DE-588)4138417-9 gnd |
| subject_GND | (DE-588)4138417-9 |
| title | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets |
| title_auth | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets |
| title_exact_search | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets |
| title_full | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets Erik Banks |
| title_fullStr | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets Erik Banks |
| title_full_unstemmed | Alternative risk transfer integrated risk management through insurance, reinsurance, and the capital markets Erik Banks |
| title_short | Alternative risk transfer |
| title_sort | alternative risk transfer integrated risk management through insurance reinsurance and the capital markets |
| title_sub | integrated risk management through insurance, reinsurance, and the capital markets |
| topic | aFinance aRisk management aCapital market aRisk (Insurance) aReinsurance Risikoverteilung (DE-588)4138417-9 gnd |
| topic_facet | aFinance aRisk management aCapital market aRisk (Insurance) aReinsurance Risikoverteilung |
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