Acts of God and Man: Ruminations on Risk and Insurance
Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Columbia University Press
[2011]
|
| Schriftenreihe: | Columbia Business School Publishing
|
| Schlagworte: | |
| Online-Zugang: | DE-859 DE-860 DE-473 DE-739 DE-1046 DE-1043 DE-858 URL des Erstveröffentlichers |
| Zusammenfassung: | Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science.A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or "aloof" from the behavior of markets. Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance. Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses.The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physic |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher’s Web site, viewed Jan. 06, 2016) |
| Beschreibung: | 1 online resource 33 line drawings, 22 tables |
| ISBN: | 9780231527057 |
Internformat
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| 520 | |a Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science.A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or "aloof" from the behavior of markets. Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance. Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses.The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physic | ||
| 650 | 4 | |a Business Management | |
| 650 | 4 | |a Political Economics, other | |
| 650 | 4 | |a Social Sciences | |
| 650 | 4 | |a Risk (Insurance) | |
| 650 | 4 | |a Risk management | |
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Datensatz im Suchindex
| _version_ | 1824408284767977472 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Powers, Michael |
| author_facet | Powers, Michael |
| author_role | aut |
| author_sort | Powers, Michael |
| author_variant | m p mp |
| building | Verbundindex |
| bvnumber | BV043712195 |
| collection | ZDB-23-DGG |
| ctrlnum | (ZDB-23-DGG)9780231527057 (OCoLC)1165541465 (DE-599)BVBBV043712195 |
| dewey-full | 368 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 368 - Insurance |
| dewey-raw | 368 |
| dewey-search | 368 |
| dewey-sort | 3368 |
| dewey-tens | 360 - Social problems and services; associations |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
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| institution | BVB |
| isbn | 9780231527057 |
| language | English |
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| spelling | Powers, Michael Verfasser aut Acts of God and Man Ruminations on Risk and Insurance Michael Powers New York, NY Columbia University Press [2011] © 2011 1 online resource 33 line drawings, 22 tables txt rdacontent c rdamedia cr rdacarrier Columbia Business School Publishing Description based on online resource; title from PDF title page (publisher’s Web site, viewed Jan. 06, 2016) Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science.A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or "aloof" from the behavior of markets. Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance. Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses.The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physic Business Management Political Economics, other Social Sciences Risk (Insurance) Risk management http://www.degruyter.com/doi/book/10.7312/powe15366 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Powers, Michael Acts of God and Man Ruminations on Risk and Insurance Business Management Political Economics, other Social Sciences Risk (Insurance) Risk management |
| title | Acts of God and Man Ruminations on Risk and Insurance |
| title_auth | Acts of God and Man Ruminations on Risk and Insurance |
| title_exact_search | Acts of God and Man Ruminations on Risk and Insurance |
| title_full | Acts of God and Man Ruminations on Risk and Insurance Michael Powers |
| title_fullStr | Acts of God and Man Ruminations on Risk and Insurance Michael Powers |
| title_full_unstemmed | Acts of God and Man Ruminations on Risk and Insurance Michael Powers |
| title_short | Acts of God and Man |
| title_sort | acts of god and man ruminations on risk and insurance |
| title_sub | Ruminations on Risk and Insurance |
| topic | Business Management Political Economics, other Social Sciences Risk (Insurance) Risk management |
| topic_facet | Business Management Political Economics, other Social Sciences Risk (Insurance) Risk management |
| url | http://www.degruyter.com/doi/book/10.7312/powe15366 |
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