The Art of Risk Management
Alternative Risk Transfer, Capital Structure, and the Convergence of Insurance and Capital Markets
ISBN10: 0471124958 ISBN13: 9780471124955 Publisher: John Wiley & Sons Inc Published: Mar 29 2002 Pages: 572 Weight: 2.00lbs. Height: 9.50" Width: 6.50" Depth: 1.75" Language: English
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.