Alternative Risk Transfer
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Author |
: Erik Banks |
Publisher |
: John Wiley & Sons |
Total Pages |
: 238 |
Release |
: 2004-03-05 |
ISBN-10 |
: 9780470857465 |
ISBN-13 |
: 0470857463 |
Rating |
: 4/5 (65 Downloads) |
Synopsis Alternative Risk Transfer by : Erik Banks
A practical approach to ART-an alternative method by which companies take on various types of risk This comprehensive book shows readers what ART is, how it can be used to mitigate risk, and how certain instruments/structures associated with ART should be implemented. Through numerous examples and case studies, readers will learn what actually works and what doesn't when using this technique. Erik Banks (CT) joined XL Capital's weather/energy risk management subsidiary, Element Re, as a Partner and Chief Risk Officer in 2001.
Author |
: Christopher L. Culp |
Publisher |
: John Wiley & Sons |
Total Pages |
: 590 |
Release |
: 2002-07-11 |
ISBN-10 |
: 9780471263692 |
ISBN-13 |
: 0471263699 |
Rating |
: 4/5 (92 Downloads) |
Synopsis The ART of Risk Management by : Christopher L. Culp
Learn about today's hottest new risk management tools One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.
Author |
: Christopher L. Culp |
Publisher |
: Wiley |
Total Pages |
: 592 |
Release |
: 2002-07-11 |
ISBN-10 |
: 9780471263692 |
ISBN-13 |
: 0471263699 |
Rating |
: 4/5 (92 Downloads) |
Synopsis The ART of Risk Management by : Christopher L. Culp
Learn about today's hottest new risk management tools One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.
Author |
: Morton Lane |
Publisher |
: Bharat Book Bureau |
Total Pages |
: 684 |
Release |
: 2002 |
ISBN-10 |
: 1899332634 |
ISBN-13 |
: 9781899332632 |
Rating |
: 4/5 (34 Downloads) |
Synopsis Alternative Risk Strategies by : Morton Lane
A ground-breaking volume that fully exposes the relatively new area of risk financing from traditional methods of insurance and provides analysis of the intersection of insurance and finance. \r\nKulp-Wright Book Award winner 2002 - Nominated "Runner-Up" by the American Risk and Insurance Association (ARIA)
Author |
: Esther Baur |
Publisher |
: |
Total Pages |
: 42 |
Release |
: 1999 |
ISBN-10 |
: OCLC:42216081 |
ISBN-13 |
: |
Rating |
: 4/5 (81 Downloads) |
Synopsis Alternative Risk Transfer (ART) for Corporations by : Esther Baur
Author |
: Hongmu Lee |
Publisher |
: Springer Nature |
Total Pages |
: 261 |
Release |
: 2021-11-25 |
ISBN-10 |
: 9789811634680 |
ISBN-13 |
: 9811634688 |
Rating |
: 4/5 (80 Downloads) |
Synopsis Risk Management by : Hongmu Lee
This book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory. Until now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. Enterprise risk management (ERM) is seen differently depending on one’s position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic. After the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities
Author |
: Garry Booth |
Publisher |
: |
Total Pages |
: 125 |
Release |
: 1999 |
ISBN-10 |
: OCLC:705968758 |
ISBN-13 |
: |
Rating |
: 4/5 (58 Downloads) |
Synopsis Alternative Risk Transfer by : Garry Booth
Author |
: J. David Cummins |
Publisher |
: Springer Science & Business Media |
Total Pages |
: 1000 |
Release |
: 2007-12-23 |
ISBN-10 |
: 9780387341637 |
ISBN-13 |
: 0387341633 |
Rating |
: 4/5 (37 Downloads) |
Synopsis Handbook of International Insurance by : J. David Cummins
Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.
Author |
: Christopher L. Culp |
Publisher |
: John Wiley & Sons |
Total Pages |
: 680 |
Release |
: 2011-09-13 |
ISBN-10 |
: 9781118160992 |
ISBN-13 |
: 1118160991 |
Rating |
: 4/5 (92 Downloads) |
Synopsis Structured Finance and Insurance by : Christopher L. Culp
Praise for Structured Finance & Insurance "More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART." --Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University "A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service." --Norbert Johanning, Managing Director, DaimlerChrysler Financial Services "Culp's latest book provides a comprehensive account of the most important financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and products into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance." --Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication) "This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An excellent introduction to the very complex field of alternative risk transfer (ART)." --Paul Wohrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services "Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market products, and provides the architectural blueprints for enterprise risk innovation." --Paul Wagner, Director, Risk Management, AGL Resources Inc.
Author |
: Bodo Herold |
Publisher |
: |
Total Pages |
: 96 |
Release |
: 2000 |
ISBN-10 |
: 3932425324 |
ISBN-13 |
: 9783932425325 |
Rating |
: 4/5 (24 Downloads) |
Synopsis Alternative Risk Transfer by : Bodo Herold