Erik Banks

Catastrophic Risk

Analysis and Management

• Gebundenes Buch

Produktbeschreibung

Catastrophic risk is one of the most significant and challenging areas of corporate risk management. Analyze this risk for your company with Catastrophic Risk and make sure you have sufficient resources to absorb losses and avoid financial distress.

The first comprehensive volume to address this topic from a financial perspective, this book is a guide to the worst financial risks threatening companies and industries today. Author Eric Banks begins with a consideration of 'catastrophe' and its mplications, looks at the state of actuarial and financial modelling of catastrophe risks, and discusses the creation of a risk management framework that will enable the efficient and secure management of exposure. Catastrophic Risk is essential reading if you're a corporate treasurer, CFO, or insurance/financial risk manager responsible for corporate risk management. Order your copy today.

Produktdetails

• Wiley Finance Series
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 194
• Erscheinungstermin: 1. April 2005
• Englisch
• Abmessung: 250mm x 175mm x 15mm
• Gewicht: 496g
• ISBN-13: 9780470012369
• ISBN-10: 0470012366
• Artikelnr.: 13913814

Autorenporträt

ERIK BANKS, an independent risk consultant, writer, and lecturer, has held senior risk management positions at several global financial institutions over the past 20 years, including Merrill Lynch, Citibank, and XL Capital. He is the author of 18 books on risk, derivatives, governance, and merchant banking, including the John Wiley titles Alternative Risk Transfer, Exchange-Traded Derivatives, The Simple Rules of Risk, and E-Finance.

Inhaltsangabe

Acknowledgments. About the author. PART I: IDENTIFICATION AND ANALYSIS OF
CATASTROPHIC RISK. 1 Catastrophe and Risk. 1.1 Introduction. 1.2 The nature
of catastrophe. 1.3 The scope of impact. 1.4 Catastrophe and the risk
management framework. 1.5 Overview of the book. 2 Risk Identification I:
Perils. 2.1 Natural catastrophe. 2.2 Man-made catastrophe. 2.3
Mega-catastrophe and clash loss. 3 Risk Identification II: Regional
Vulnerability. 3.1 Spatial impact of natural catastrophes. 3.2 Spatial
impact of man-made catastrophes. 3.3 Urban vulnerabilities. 4 Modeling
Catastrophic Risk. 4.1 The development and use of models. 4.2 The goals of
catastrophe modeling. 4.3 General model construction. 4.4 Challenges. PART
II: MANAGEMENT OF CATASTROPHIC RISK. 5 Catastrophe and the Risk Management
Framework. 5.1 Active risk management. 5.2 Risk monitoring. 5.3 Private and
public sector efforts. 5.4 Sources of capital. 5.5 Toward active risk
management. 6 Catastrophe Insurance and Reinsurance. 6.1 Insurable risk and
insurance. 6.2 Catastrophe insurance. 6.3 Reinsurance. 6.4 Catastrophe
reinsurance. 6.5 Market cycles. 6.6 Internal risk management. 6.7
Challenges. 7 Catastrophe Bonds and Contingent Capital. 7.1 Overview of
securitization. 7.2 Catastrophe bonds. 7.3 Contingent capital. 7.4
Challenges. 8 Catastrophe Derivatives. 8.1 Overview of derivatives. 8.2
Exchange-traded catastrophe derivatives. 8.3 OTC Catastrophe derivatives.
8.4 Challenges. 9 Public Sector Management and Financing. 9.1 Forms of
public sector involvement. 9.2 Challenges. 10 Outlook and Conclusions. 10.1
Loss control. 10.2 Quantification. 10.3 Loss financing. 10.4 Government
participation. 10.5 General management. Bibliography. Index.