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The Palgrave handbook of unconventional risk transfer /

This handbook examines the latest techniques and strategies that are used to unlock the risk transfer capacity of global financial and capital markets. Taking the financial crisis and global recession into account, it frames and contextualises non-traditional risk transfer tools created over the las...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Pompella, Maurizio (Editor ), Scordis, Nicos A. (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cham : Springer, 2017.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 4 |a The Palgrave handbook of unconventional risk transfer /  |c Maurizio Pompella, Nicos A Scordis editors. 
264 1 |a Cham :  |b Springer,  |c 2017. 
300 |a 1 online resource (585 pages) 
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588 0 |a Print version record. 
505 0 |a Foreword; Contents; List of Figures; List of Tables; 1: Introduction; Part I: Risk Management Strategies and Perspectives; 2: A Theoretical Perspective on Risk Management; 2.1 Introduction; 2.2 Why Should a Firm Manage Risks?; 2.2.1 A Point of Departure: Risk Neutral Owner and a Linear Exposure; 2.2.2 Risk Aversion on the Part of the Owner: A Reason to Lower Risk?; 2.2.3 Why Variability Might Lower the Value of the Firm; 2.2.4 Why Variability Could Increase the Value of the Firm; 2.3 Sources of Changes in Profit-Risk and Uncertainty; 2.4 Ways to Manage Risk and Uncertainty. 
505 8 |a 2.4.1 Hedging Risk Due to s with Derivatives and Insurance Contracts2.4.2 Operational Hedging; 2.4.3 Flexibility; 2.4.4 Managing Liquidity and Ensuring Access to New Funds; 2.5 Concluding Remarks; Notes; References; 3: A Practical Perspective on Corporate Risk Management; 3.1 Introduction; 3.2 Risk and Uncertainty; 3.2.1 Decisions Under Conditions of Risk; 3.2.2 Decisions Under Conditions of Uncertainty; 3.3 Challenges in Pricing Corporate Risk; 3.3.1 Different Consumption Preferences; 3.3.2 Choosing the Right Metric; 3.3.3 In Need of Prudence; 3.4 Why Corporations Manage Risk. 
505 8 |a 3.4.1 The View from the Academy3.4.2 Towards a Risk Strategy; References; Part II: Conventional vs Unconventional Transfer; 4: Reinsurance, Insurability and the New Paradigms of Unconventional Risk Transfer; 4.1 Traditional Reinsurance; 4.2 How Conventional Transfer Works; 4.3 Unconventional Transfer and ILSs; 4.4 The Innovation in the "Life Insurance" Sector; 4.5 Insurability of Risks; 4.6 Securitisation; 4.7 ART Attractiveness; 4.8 Asymmetries and Parametric Triggering; 4.9 New Markets for Life Insurance Policies; 4.10 From Viatical to Life Settlement. 
505 8 |a 4.11 Premium Financing and STOLI Policies4.12 More on the Enterprises Perspective; 4.12.1 A Taxonomy of Risks and Actors; 4.12.2 Pure Risk Management and CAT Risks; 4.12.3 Pure Business Risk Financing and Control; 4.12.4 The Risk Management Process, Prevention, Protection, and Resilience; 4.12.5 Cost of Risk for Enterprises; 4.13 More on the Insurers' Perspective; 4.13.1 Subscribed and Subscription Risk; 4.13.2 Exposure Limits; 4.14 The New Paradigms of Unconventional Transfer; 4.14.1 Structured Finance and Insurers; 4.14.2 A Brief Outline of Market Products and the New Way. 
505 8 |a 4.14.3 Risk Warehousing and Intermediation: The Actuarial Versus the Financial View Notes; References; Arrow, K.J. 1970. Insurance, Risk and Resource Allocation. In Essays in the Theory of Risk Bearing, ed. K.J. Arrow. Amsterdam: North Holland.; Suggested Further Readings; 5: Enterprise Risk Management and the Risk Management Process; 5.1 Introduction; 5.2 Preliminary Definitions and Concepts; 5.2.1 What Is Risk?; 5.2.2 What Is Enterprise Risk Management?; 5.2.3 The Risk Management Process; 5.3 Objectives of Risk Management; 5.3.1 How Does Risk Affect Value? 
500 |a 5.3.1.1 The Valuation Model. 
504 |a Includes bibliographical references and index. 
520 |a This handbook examines the latest techniques and strategies that are used to unlock the risk transfer capacity of global financial and capital markets. Taking the financial crisis and global recession into account, it frames and contextualises non-traditional risk transfer tools created over the last 20 years. Featuring contributions from distinguished academics and professionals from around the world, this book covers in detail issues in securitization, financial risk management and innovation, structured finance and derivatives, life and non-life pure risk management, market and financial reinsurance, CAT risk management, crisis management, natural, environmental and man-made risks, terrorism risk, risk modelling, vulnerability and resilience. This handbook will be of interest to academics, researchers and practitioners in the field of risk transfer. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Risk management  |v Handbooks, manuals, etc. 
650 6 |a Gestion du risque  |v Guides, manuels, etc. 
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700 1 |a Pompella, Maurizio,  |e editor. 
700 1 |a Scordis, Nicos A.,  |e editor. 
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