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Risk-related Books on Insurance |
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| 2006 |
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| Actuarial and Financial Risk
Through Simulation: An Introduction |
| by Eric Bolviken; June 2006; ISBN 0521830486 |
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| Principles of Risk in Insurance |
| by Harold D. Skipper; June 2006; ISBN
0256233039 |
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| Risk Management and Insurance :
A Global Approach |
| by W. J. Kwon and Harold D. Skipper; June 2006;
ISBN 1405125411 |
| In an increasingly globalized marketplace, it
in undeniable that companies face global risks; not only financial risks,
but political, environmental, social, and health risks as well. Instructors
worldwide recognize the need to address these issues on an global scale, yet
current textbooks for risk & insurance classes tend to be regional in scope,
treating international aspects of risk and insurance as afterthoughts or
add-ons, if at all.Kwon & Skipper's Global Risk Management & Insurance fills
that need by incorporating an international perspective from the outset.
Students are provided an in-depth understanding of international risk
management and insurance, their dynamics, and the economic, social,
political, and regulatory environments surrounding global risk and insurance
markets. The authors follow theory with practice, analyzing real-world case
studies, and explore sound risk management and insurance operations in the
future. Discussion questions and exercise modules help students understand
these issues and apply their learning. |
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| Structured Finance and
Insurance : The ART of Managing Capital and Risk |
| by Christopher L. Culp; January 2006; ISBN
0471706310 |
| The evolution and development of structured
finance and structured insurance (a.k.a. alternative risk transfer or ART)
have provided increasing numbers of nonfinancial corporations with dynamic
new techniques for creating value by integrating the management of capital
and risk. A practical obstacle, however, has been the difficulty of
structuring efficient, customized solutions to risk and capital management
without—intentionally or not—creating even larger problems and pitfalls.
Structured Finance and Insurance explores the develop?ment of this new
generation of products and solutions for managing market, credit,
operational, legal, and other risks in the context of the broader themes of
corporation finance and risk management. Risk managers, treasurers, and CFOs
on the corporate side, as well as reinsurers, insurance brokers, and
investment bankers on the product side, will gain new insights and knowledge
through its well-organized approach:
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Part One provides a theoretical backdrop by reviewing the fundamental
principles of capital management, corporation finance, risk transfer,
and risk finance
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Part Two presents a review of traditional risk transfer with a strong
emphasis on credit risk management—the products and solutions reviewed
include insurance, reinsurance and retrocession, financial guarantees,
sureties, and credit derivatives
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Part Three provides a detailed look at structured finance products and
processes, including structured notes, hybrid and convertible
structures, contingent capital, CDOs, and project/principal finance
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Part Four examines techniques of structured insurance and ART, including
insurance-linked notes, captives and mutuals, finite risk, multi-line
and multi-trigger structures, and contingent cover
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Part Five features valuable chapters written by leading experts on
specific issues and topics including the treatment of insurance under
the Basel Accord, trends in insurance securitizations, specific examples
of the use of structured finance and insurance techniques to facilitate
enterprise risk management, new accounting and disclosure requirements,
and more
Structured Finance and Insurance provides today's most detailed and
well-grounded coverage of the latest alternatives for managing corporate
risks by either employing insurance solutions or accessing capital markets.
Case studies and examples help practitioners to understand that while
insurance and financial solutions are in many ways similar, they often
possess critical differences that can explode on the unwary user. By helping
capital markets and insurance professionals to speak the same language—the
common language of capital management and corporate finance—this essential
book will bring structure and precision to an often-cloudy world and help
eliminate the confusion that has, in the past, turned the convergence of
structured finance and insurance from a financial boon to a headline-making
nightmare. |
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| 2005 |
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Actuarial Theory for Dependent Risks : Measures, Orders and Models
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| by Michel
Denuit, Jan Dhaene,
Marc Goovaerts, Rob Kaas;
November 2005; ISBN 047001492X |
| The increasing
complexity of insurance and reinsurance products has seen a growing interest
amongst actuaries in the modelling of dependent risks. For efficient risk
management, actuaries need to be able to answer fundamental questions such
as: Is the correlation structure dangerous? And, if yes, to what extent?
Therefore tools to quantify, compare, and model the strength of dependence
between different risks are vital. Combining coverage of stochastic order
and risk measure theories with the basics of risk management and stochastic
dependence, this book provides an essential guide to managing modern
financial risk. It describes how to model risks in
incomplete markets, emphasizing insurance risks; explains how to measure and
compare the danger of risks, model their interactions, and measure
the strength of their association; examines the type of dependence
induced by GLM-based credibility models, the bounds on functions of
dependent risks, and probabilistic distances between actuarial
models; details presentation of risk
measures, stochastic orderings, copula models, dependence concepts
and dependence orderings; includes numerous exercises
allowing a cementing of the concepts by all levels of readers;
describes solutions to tasks as well as
further examples and exercises can be found on a supporting website.
An invaluable reference for both academics
and practitioners alike, Actuarial Theory for Dependent Risks will appeal to
all those eager to master the up-to-date modelling tools for dependent
risks. The inclusion of exercises and practical examples makes the book
suitable for advanced courses on risk management in incomplete markets.
Traders looking for practical advice on insurance markets will also find
much of interest. |
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| 2004 |
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| Alternative Risk Transfer :
Integrated Risk Management Through Insurance, Reinsurance and the Capital
Markets |
| by Erik Banks; March 2004;
ISBN 0470857455 |
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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. This book provides a practical, detailed and up-to-date
review of the topic. It 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. |
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| Insurance and Risk Management
Strategies for Physicians and Advisors |
| by David E. Marcinko;
August 2004; ISBN 0763733423 |
| This is an essential
textbook because it explains to physicians and insurance professionals the
background, theory, and practicalities of medical risk management and
insurance planning. The book fulfills its promise as a peerless tool for
physicians wanting to make good decisions about the risks they face. It is
also ideal for financial planners, insurance agents and healthcare
business advisors wishing to re-educate and help doctors by adding lasting
value to their client relationships. With time at a premium for all, and
so much information packed into one well-organized resource, this book
should be on the desk of every physician, or financial advisor serving the
healthcare space. |
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| Introduction to Risk Management
and Insurance (8th Edition) |
| by Mark S. Dorfman; April
2004; ISBN 0131449583 |
| This book focuses on
problem-solving from managerial, consumer, and societal perspectives. It
emphasizes both the business managerial aspects of risk management and
insurance and the numerous consumer applications of the concept of risk
management and insurance transaction. Specific chapter topics include
insurance Regulation and contracts, basic property and liability insurance
contracts, homeowners insurance, the personal auto policy, professional
financial planning, life insurance policies, annuities, medical expense
and disability insurance, standard life insurance contract provisions and
options, commercial property insurance, general and special liability
insurance, employee benefits, social security, and unemployment and
workers' compensation insurance. |
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from Amazon |
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| Investment Risk Management (The
Wiley Finance Series) |
| by Yen Yee Chong; February
2004; ISBN 0470849517 |
| Text shows how a new
investment methodology is required to protect investors. Explains why
regulators react slowly to investment scams, when pension funds fail to
protect their investors, and why market boom-busts occur in the trade of
worthless stocks. Shows how best practice risk management can help in
spotting early warning signs. |
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from Amazon |
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| Mining and the Politics of
Risk: Political Risk Insurance in the Mining Industry |
| by Roger Moody and Robert
Goodland; June 2004; ISBN 9057270064 |
| This critique of political
risk insurance (PRI), the type of insurance used by large-scale mining
projects, includes six case studies that show how PRI has severe negative
social and environmental impacts on mining communities. Included are
descriptions of such landmark cases as the Omai gold mine in Guyana, which
was insured through PRI by the World Bank and the Canadian government and
whose waste facilities completely collapsed, causing the country's worst
environmental disaster in recorded history. Conclusions are drawn about
the failure of insuring agencies such as the World Bank to anticipate the
consequences of major mining projects and consider the effects of
large-scale mining on sustainable development. |
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| Principles of Risk Management
and Insurance (9th Edition) |
| by George E. Rejda; July 2004; ISBN 0321236874 |
| Covers the basic concepts in risk management
and insurance, legal principles in risk and insurance, personal property
and liability risks, commercial property and liability risks and life and
health risks and the insurance industry. |
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| Uncertain Business: Risk,
Insurance, and the Limits of Knowledge |
| by Richard V. Ericson and Aaron Doyle; May
2004; ISBN 0802085628 |
| Society is formed by institutions that coalesce
around specific interests, objectives, and procedures, say the authors of
this book, and the insurance industry is especially important because it
intersects with all other major institutions in society to provide systems
of governance, risk management, risk taking, and security. They explore
how the private insurance industry helps shape the contours of risk
society as well as the problems faced by that society. |
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| 2003 |
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| Investment Guarantees: The New
Science of Modeling and Risk Management for Equity-Linked Life Insurance |
| by Mary Hardy; February
2003; ISBN 0471392901 |
| This book provides a
uniquely clear demonstration of using different measures in a very
practical context. The reference book of choice for both actuaries and
non-actuaries alike working in the field of guarantees associated with
equity-linked products. |
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| Risk Analysis in Finance and
Insurance |
| by Alexander
Melnikov; August 2003; ISBN 1584884290 |
| This book offers the first comprehensive and
accessible introduction to the ideas, methods, and probabilistic models
that have transformed risk management into a quantitative science and led
to unified methods for analyzing insurance and finance risks. The author's
approach is based on a methodology for estimating the present value of
future payments given current financial, insurance, and other information,
which leads to proper, practical definitions of the price of a financial
contract, the premium for an insurance policy, and the reserve of an
insurance company. |
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| Risk and Insurance in
Construction |
| by Nael G. Bunni; June
2003; ISBN 0419213805 |
| Those involved in
construction have to cope with so much learning in their own discipline
that they shun further involvement in subjects such as insurance and law,
which in themselves are so deeply and intensely complex. However,
insurance and law are interwoven in the basic procedures used in the
construction industry for undertaking work, be they design, construction,
supervision or operation, or any combination of them. Furthermore, they
both interact with the theory of risk and the application of risk
management. From the legal point, the interaction with risk emanates from
the very purpose of the construction contract, which is to allocate the
risks between the parties to which the project is exposed. From an
insurance aspect, risk forms the basis of insurability and premium
calculation. This thorough and readable text deals with the subject of construction
insurance from the rationale behind it through to its day-to-day practice. |
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| Risk Management and Insurance |
| by Scott E. Harrington,
Gregory R. Niehaus, and Scott Harrington; June 2003; ISBN 0072339705 |
| For many years,
introductory insurance textbooks presented insurance as a subject based in
contracts. Slowly, the course has moved toward a consumer orientation,
providing a broad, descriptive survey of the insurance field, covering
topics such as legal aspects, life and health, and property and liability.
Over the past 10 years, textbooks began to promote, and to a limited
degree, incorporate a stronger business risk management component while
maintaining a consumer orientation. This book has been written to take the
next step offering the essential aspects of insurance contracts and the
insurance industry while providing a substantially more conceptual
analysis and attention to business risk management and public policy
issues that exists in current texts. |
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| 2001 |
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| Essentials
of Risk Management and Insurance |
| by Emmett J. Vaughan and Therese M. Vaughan;
January 2001; ISBN 047133183X |
| This accessible text contains the latest forms,
statutes and court decisions and examines specific contracts in detail to
emphasize insurance principles. Addresses such timely issues as the high
cost of medical care and automobile insurance. It emphasizes insurance
principles in detail. The helpful study aids and the critical essentials
of risk management and insurance remain intact. |
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| Introduction to Risk Management
and Insurance |
| by Mark S. Dorfman; June 2001; ISBN 0130328111 |
| Focusing on problem-solving, this book
emphasizes the business aspects of risk management as well as consumer
applications of risk management and insurance. With an analysis of many
current problems facing the insurance industry, this book is both relevant
and immediate. The sixth edition of Introduction to Risk Management and
Insurance has been revised to include coverage of International Risk
Management (and a new case study); Employment Practices Liability (with
case studies on sexual harassment and the Americans with Disabilities
Act); the Emergence of Private Insurance in former Communist countries;
and the problems facing Social Security. A reorganization moves consumer
insurance coverage forward with commercial insurance toward the rear. The
book also includes an appendix on Ethics and Insurance Sales. An essential
resource for any insurance professional as well as professionals
responsible for risk management in any business. |
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| 2000 |
| E-commerce Insurance and Risk Management |
| by George Sutcliffe; Shelby Pub. Corp.; April 2000; ISBN 0923240314 |
| A handbook designed to help businesses insure risks created by e-commerce. Includes detailed summaries of specialty
e-commerce programs and sample policies. |
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| Principles of Risk Management and Insurance (The Addison-Wesley Series
in Finance) |
| by George E. Rejda; July 2000; ISBN 0321050657 |
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from Amazon |
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| Risk Management and Insurance |
| by James Trieschmann, Sandra G. Gustavson, and Robert E. Hoyt;
July 2000; ISBN 0324016638 |
| A proven market-leading text that provides a thorough modern introduction to risk management and insurance. This edition
continues with an even stronger focus on tools for managing risk and covers
insurance within this context. Concepts of risk management are presented as they apply to both business and personal situations. |
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| 1999 |
| Actuarial Models for Disability Insurance |
| by Steven Haberman and Ermanno Pitacco;
December 1999; ISBN 0849303893 |
| Disability insurance, long-term care insurance, and critical illness cover are becoming increasingly
important in developed countries as the problems of demographic aging come to the fore. The private
sector insurance industry is providing solutions to problems resulting from these pressures and other
demands of better educated and more prosperous populations. Actuarial Models for Disability
Insurance examines the actuarial structure of disability insurance, long-term care insurance, and critical
illness cover, including problems encountered in the design and development of such insurances.
Actuarial problems such as pricing and reserving are considered within the context of multiple state
modeling, providing a vigorous and sound framework for analyzing personal insurances. |
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or CRC
Press |
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| Directors' and Officers' Liability Insurance: A
Guide to International Practice, Second Edition |
| by Ian Youngman; July 1999; ISBN 0849317967 |
| In our increasingly litigious society, no
company can afford to be without directors' and officers' liability
insurance. To the author, whose involvement with this form of liability
insurance dates from its earliest introduction, the rapid growth in demand
comes as no surprise. The current rule seems to be: If you can't sue the
person you thought responsible, keep on filing suits until you hit a
target. Directors' and Officers' Liability Insurance scrutinizes new legal
developments and case law, new insurers and challenges in ownership, and
new types of policy and marketing methods. Each chapter is constructed as
a separate module for ease of use and practicality. The author provides
the views and experiences of specialist practitioners together with
detailed case studies. He also illustrates the links between other forms
of insurance and their relationship with international company law. A well
designed liability policy will go a long way in managing the potential
liabilities that directors' and officers' face as they deliver their
services to their clients. Directors' and Officers' Liability Insurance
provides a comprehensive source of information useful to brokers and other
professionals worldwide. This book is a necessity for any broker who has
dealings with major companies, and for underwriters of companies moving
into this sector. |
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or CRC Press |
|
| 1998 |
| Modern Actuarial Theory and Practice |
| by Philip Booth, Robert Chadburn, Deborah Cooper, Steven
Haberman, and Dewi James; September 1998; ISBN 0849303885 |
In the last two decades, there has been a significant shift in thinking and in the approach taken to
actuarial practice: moving from deterministic methods (with implicit or explicit margins to protect against
variability) to fully stochastic methods. Important international developments are currently being made
in actuarial education, with radical changes being implemented in Australia and North America, and
evolutionary changes planned in the UK. At the same time, the Consultative Group of Actuarial Associations within the EU and the International
Forum of Actuarial Associations are both actively considering the international harmonization of
professional qualifications. Modern Actuarial Theory & Practice matches the philosophy of those international developments, and
the manner in which actuarial qualifications are changing and are likely to continue to change. It
describes the traditional areas of actuarial activity with an emphasis on the fundamental principles, as
well as the economic, financial, and statistical foundations of actuarial theory and practice.
Information is presented in five interconnected sections: Investment, Life Insurance, General Insurance, Pensions,
and Actuarial Models which can be read separately or taken as part of the integrated whole. This text will be an invaluable aid for final-year undergraduates, MSc students, research students
preparing for an MPhil or Ph. D degree, and to student actuaries preparing for the professional
actuarial examinations of a number of professional bodies. Practicing actuaries will also find this a useful
guide to current methodologies and models. |
| Buy from Amazon
or CRC
Press |
|
| 1997 |
| Insuring Quality: How to Improve Quality, Compliance,
Customer Service, and Ethics in the Insurance Industry |
| by Hedy Abromovitz and Les Abromovitz; October 1997; ISBN
1574441507 |
| This book takes a hard look at the insurance industry and suggests innovative new ways of improving
customer satisfaction, turbo-charging sales and polishing the tarnished image of the industry.
Using real-life horror stories and humorous anecdotes, Insuring Quality points out many areas where
the insurance industry has failed its customers. The book explains why the industry's image has
deteriorated through the years and why insurers, as well as agents, are embroiled in litigation. The
authors offer a practical and user-friendly book on how the industry can improve. |
| Buy from Amazon
or CRC Press |
