In this short and accessible book, Amy Finkelstein—winner of the 2012 John Bates Clark award—tackles the tricky question of moral hazard, which is the tendency to take risks when the cost will be borne by others. Kenneth J. Arrow's seminal 1963 paper, “Uncertainty…
"This text looks at how non-financial corporations can use structured finance, insurance, and alternative risk transfer to create value through the integrated management of capital and risk. Culp explores their economic rationale, and also includes case studies written by specia…
This text looks at how non-financial corporations can use structured finance, insurance, and alternative risk transfer to create value through the integrated management of capital and risk. Culp explores their economic rationale, and also includes case studies written by special…
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 throu…
This publication traces the global development of reinsurance from the early 19th-century until today. It gives a detailed account of how the nature of risk itself changed over the last 200 years, and highlights all aspects relevant in shaping the industry including the developm…
This publication traces the global development of reinsurance from the early 19th-century until today. It gives a detailed account of how the nature of risk itself changed over the last 200 years, and highlights all aspects relevant in shaping the industry including the developm…
Reinsurance was a global business from the start the method of spreading and balancing risks in international markets. But this also meant that reinsurance was more heavily exposed to global trends than many other industries. This book gives detailed accounts on how reinsurers d…
"Knowledge of risk models and the assessment of risk is a fundamental part of the training of actuaries and all who are involved in financial, pensions and insurance mathematics. This book provides students and others with a firm foundation in a wide range of statistical and pro…
Information on the types of these securities and the issues involved in their structuring, pricing, trading, and managing on a portfolio basis.
