Insurance linked securities: the role of the banks
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Wiesbaden
Gabler
2011
|
| Edition: | 1. ed. |
| Series: | Gabler Research
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXII, 355 S. graph. Darst. 21 cm |
| ISBN: | 9783834928603 |
Staff View
MARC
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| 245 | 1 | 0 | |a Insurance linked securities |b the role of the banks |c Christoph Weber |
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Record in the Search Index
| _version_ | 1804148615765032960 |
|---|---|
| adam_text | IMAGE 1
CONTENTS
1 INTRODUCTION 1 1.1 PROBLEM DESCRIPTION AND DEFINITION 11.2 OBJECTIVE
OF THE THESIS 31.3 METHODOLOGY 3 2 INSURANCE BUSINESS AND ITS RISK 5 2.
1 RISK AND INSURANCE 52.1.1 CLASSIFICATION OF RISK FACED BY INSURERS 6
1. 1.2 CLASSIFICATION OF RISK BY INSURANCE REGULATORS 7 2.1.3 PERIL AND
HAZARD 72.2 INSURANCE 92.2.1 THE BASICS OF INSURANCE MATHEMATICS 92.2.2
ECONOMICAL VERSUS INSURED LOSSES 152.2.3 THE CRITERIA OF INSURABILITY
162.2.4 INSURANCE, GAMBLING AND SPECULATION 172.2.5 EVALUATION AND
QUANTIFICATION OF LOSSES 182.3 RISK MANAGEMENT 182.3.1 OBJECTIVES OF
RISK MANAGEMENT 182.3.2 STEPS OF THE RISK MANAGEMENT PROCESS 192.3.3
CHANGES IN RISK MANAGEMENT DUE TO SOLVENCY 2 21 2.4 RISK AND RETURN
232.4.1 INSURANCE PRICING 232.4.2 RESERVES 242.4.3 INVESTMENTS OF THE
INSURANCE SECTOR 28 3 THE INSURANCE INDUSTRY 35 3.1 PRIMARY INSURANCE
363.1.1 NON-LIFE INSURANCE 383.1.2 LIFE INSURANCE 403.2 CREDIT INSURANCE
AND SURETY 413.3 MONOLINE INSURANCE 43 BIBLIOGRAFISCHE INFORMATIONEN
HTTP://D-NB.INFO/1009231413 DIGITALISIERT DURCH
IMAGE 2
CONTENTS
3.4 REINSURANCE 45
3.4.1 NON-LIFE REINSURANCE 47
3.4.2 LIFE REINSURANCE 51
METHODS OF RISK TRANSFER 55
4. 1 TRADITIONAL METHODS 55
4.1.1 REINSURANCE AND RETROCESSION 55
4.2 ALTERNATIVE RISK TRANSFER 65
4.2.1 RISK CARRIERS 66
4.2.2 FINITE SOLUTIONS 70
4.2.3 MULTI-RISK PRODUCTS 73
4.2.4 DERIVATIVES 76
4.2.5 CONTINGENT CAPITAL 84
4.2.6 REINSURANCE SIDE-CARS 87
4.2.7 INSURANCE-RELATED SECURITISATION 89
4.2.8 SUMMARY AND EVALUATION OF ART INSTRUMENTS 90
INSURANCE LINKED SECURITIES 95
5.1 SECURITISATION 95
5.2 LIFE INSURANCE SECURITISATION 98
5.2.1 RESERVE FUNDING SECURITISATION 98
5.2.2 VALUE-IN-FORCE SECURITISATION 102
5.2.3 RESIDUAL COMMISSION SECURITISATION 106
5.2.4 RISK TRANSFER SECURITISATION 107
5.2.5 LIFE SETTLEMENT SECURITISATION 110
5.2.6 SUMMARY AND EVALUATION OF LIFE ILS 114
5.3 NON-LIFE INSURANCE SECURITISATION 117
5.3.1 CATASTROPHE BONDS 117
5.3.2 NON-CATASTROPHIC INSURANCE SECURITISATION 120
5.4 INSURANCE RELATED CDOS 124
5.4.1 FUNDING CDO POOLS 124
5.4.2 CATASTROPHE BOND CDOS 125
5.4.3 REINSURANCE RECEIVABLE CDOS 127
5.4.4 SUMMARY AND EVALUATION OF NON-LIFE ILS 130
THE PERSPECTIVES OF THE STAKEHOLDERS 133
6.1 ACCOUNTANTS AND REGULATORS 133
6.1.1 THE GLOBAL APPROACH TO STANDARDISATION 133
6.1.2 INTERNATIONAL FINANCIAL REPORTING STANDARDS 134
6.1.3 SUPERVISION - THE CHANGES DUE TO SOLVENCY 2 136
6.1.4 QUANTITATIVE ASSESSMENT BY MEANS OF PILLAR 1 137
6.1.5 DIGRESSION: VALUE AT RISK AND EXPECTED SHORTFALL 138
6.1.6 EU-HARMONISATION EFFECTS IN RESPECT OF ILS 148
IMAGE 3
CONTENTS XV
6.1.7 ACCOUNTING AND SUPERVISION IN THE US 152
6.1.8 OUTLOOK TO FURTHER REFORMS 158
6.1.9 RESULTS OF THE INTERVIEWS REGARDING ACCOUNTANTS AND REGULATORS .
161 6.2 INSURERS AND REINSURERS AS SPONSORS 167
6.2.1 THE INTEGRATED MANAGEMENT OF RISK AND CAPITAL 167
6.2.2 CAPITAL MANAGEMENT 168
6.2.3 ASSET-LIABILITY-MANAGEMENT 168
6.2.4 HYBRID BONDS AND RISK SECURITISATION 177
6.2.5 RESULTS OF THE INTERVIEWS REGARDING SPONSORS 184
6.3 RATING AGENCIES AND RISK MODELERS 190
6.3.1 RATING AGENCIES SERVICES 190
6.3.2 IMPORTANCE OF ENTERPRISE RISK MANAGEMENT AND CAPITAL FOR IN-
SURER S RATINGS 191
6.3.3 THE RATING AGENCIES RATING METHODOLOGIES FOR ILS 203
6.3.4 RISK MODELING COMPANIES SERVICES 208
6.3.5 RESULTS OF THE INTERVIEWS REGARDING RATING AGENCIES, RISK MODEL-
ERS, AND MONOLINERS 215
6.4 INVESTORS 223
6.4.1 GENERAL MARKET ENVIRONMENT 223
6.4.2 CONVERGENCE OF INVESTOR S AND SPONSOR S INTEREST 224
6.4.3 ILS AS ZERO-BETA ASSETS 224
6.4.4 PRICING AND RETURNS 225
6.4.5 ILS TRIGGERS 230
6.4.6 RESULTS OF THE INTERVIEWS REGARDING INVESTORS 234
6.5 ARRANGERS OF ILS 244
6.5.1 BANKS 245
6.5.2 REINSURANCE BROKERS 247
6.5.3 REINSURANCE COMPANIES 248
6.5.4 MARKET 249
6.5.5 PRICING OF ILS 250
6.5.6 EFFECTS OF THE CRISIS AND EXPECTED MEASUREMENTS 252
7 ILS ONLINE SURVEY 255
7.1 METHODOLOGY 255
7.1.1 BASIC QUESTIONS 256
7.1.2 MARKET ENVIRONMENT 257
7.1.3 ABOUT ILS 261
7.1.4 CORPORATE LEVEL 263
7.1.5 THE BANKS ROLE 263
7.1.6 FINAL QUESTIONS 265
7.1.7 SUMMARY OF THE RESULTS OF THE ILS ONLINE SURVEY 268
IMAGE 4
CONTENTS
8 RECENT DEVELOPMENTS 269
9 SUMMARY AND CONCLUSION 273
|
| any_adam_object | 1 |
| author | Weber, Christoph |
| author_GND | (DE-588)1013248902 |
| author_facet | Weber, Christoph |
| author_role | aut |
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| building | Verbundindex |
| bvnumber | BV039732451 |
| classification_rvk | QQ 645 |
| ctrlnum | (OCoLC)744795761 (DE-599)DNB1009231413 |
| dewey-full | 332.6323 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6323 |
| dewey-search | 332.6323 |
| dewey-sort | 3332.6323 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. ed. |
| format | Thesis Book |
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| genre_facet | Hochschulschrift |
| id | DE-604.BV039732451 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:09:57Z |
| institution | BVB |
| isbn | 9783834928603 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-024580315 |
| oclc_num | 744795761 |
| open_access_boolean | |
| owner | DE-521 DE-858 |
| owner_facet | DE-521 DE-858 |
| physical | XXII, 355 S. graph. Darst. 21 cm |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | Gabler |
| record_format | marc |
| series2 | Gabler Research |
| spelling | Weber, Christoph Verfasser (DE-588)1013248902 aut Insurance linked securities the role of the banks Christoph Weber 1. ed. Wiesbaden Gabler 2011 XXII, 355 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier Gabler Research Zugl.: Kassel, Univ., Diss., 2011 Insurance Linked Securities (DE-588)7620692-0 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Insurance Linked Securities (DE-588)7620692-0 s DE-604 Erscheint auch als Online-Ausgabe Insurance Linked Securities DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024580315&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Weber, Christoph Insurance linked securities the role of the banks Insurance Linked Securities (DE-588)7620692-0 gnd |
| subject_GND | (DE-588)7620692-0 (DE-588)4113937-9 |
| title | Insurance linked securities the role of the banks |
| title_auth | Insurance linked securities the role of the banks |
| title_exact_search | Insurance linked securities the role of the banks |
| title_full | Insurance linked securities the role of the banks Christoph Weber |
| title_fullStr | Insurance linked securities the role of the banks Christoph Weber |
| title_full_unstemmed | Insurance linked securities the role of the banks Christoph Weber |
| title_short | Insurance linked securities |
| title_sort | insurance linked securities the role of the banks |
| title_sub | the role of the banks |
| topic | Insurance Linked Securities (DE-588)7620692-0 gnd |
| topic_facet | Insurance Linked Securities Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024580315&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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