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Product Description
Product Description
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.
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.
From the Back Cover
The Alternative Risk Transfer (ART) market has expanded in recent years to become a vital source of risk solutions and risk capacity and an important mechanism for the creation of integrated corporate risk management programs.
The ART market unites the risk management and product development skills of financial institutions, insurers and reinsurers with the capital of global investors to give corporate risk managers the best possible means of managing financial and operating risks. In a time when natural and man–made disasters and financial volatility are constantly present, the need for dependable, equitably priced risk capacity and innovative, holistic risk solutions has never been greater. The ART market, which can supply both, is thus becoming an integral component of the 21st century financial markets.
Alternative Risk Transfer, written by a veteran of the banking and insurance industries, provides a practical, detailed and up–to–date review of the topic. The text is divided into four parts, including
- Risk and the ART market
- Insurance and Reinsurance
- Capital Markets
- Enterprise Risk Management and the Future of ART
The book contains numerous worked examples and case studies to place the subject in a practical light, and is ideal reading for CFOs, corporate risk managers, treasurers, institutional investors and fund managers seeking to understand the ART market.
Inside This Book
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First Sentence
Risk management is a dynamic and well-established discipline practiced by many companies around the world. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Risk management is a dynamic and well-established discipline practiced by many companies around the world. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Format:Hardcover
In this excellent introduction to risk management, author Erik Banks offers a lucid, clearly written and well-organized overview. He tells readers what risk management is, why it is necessary, how it works and how companies can carry it out most prudently and cost-effectively. He manages to convey the essential information about insurance and reinsurance, the use of capital markets and derivatives, and the application of enterprise risk management concisely. This is a remarkable achievement. Most books on insurance bog down in jargon and details, while most books on derivatives are unnecessarily complicated and dense. This one - offered by the Wiley Finance Series - is neither. Although not exactly beach reading, it's about as accessible as any book on this subject could possibly be. We recommend it highly to executives and investors.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
2 reviews
Simple but comprehensive
19 Mar 2007
Format:Hardcover
The book seems to be easy to read, but still quite comprehensive. The new tendencies of ART solutions are good captured and described in a well understandible manner. Good book for everyone who wants to know main features of ART market without getting himself lost in small mathematical details
2 of 4 people found the following review helpful
Highly Recommended!
25 Oct 2004
Format:Hardcover
In this excellent introduction to risk management, author Erik Banks offers a lucid, clearly written and well-organized overview. He tells readers what risk management is, why it is necessary, how it works and how companies can carry it out most prudently and cost-effectively. He manages to convey the essential information about insurance and reinsurance, the use of capital markets and derivatives, and the application of enterprise risk management concisely. This is a remarkable achievement. Most books on insurance bog down in jargon and details, while most books on derivatives are unnecessarily complicated and dense. This one - offered by the Wiley Finance Series - is neither. Although not exactly beach reading, it's about as accessible as any book on this subject could possibly be. We recommend it highly to executives and investors.
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