Catastrophic Risk
Analysis and Management
Published on 18. March 2005
Book
Hardback
194 pages
978-0-470-01236-9 (ISBN)
Description
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.
Reviews / Votes
"...useful to have at hand...Risk, of whatever nature, remains something that needs to be addressed at all times." (Accounting Technician, August 2005) "It is a beautifully clear book...enlightening... one which turns a complex and potentially off-putting subject into a remarkably interesting one." (Strategic Risk, June 2007)More details
Product info
gebunden
Series
Edition
1. Auflage
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Dimensions
Height: 250 mm
Width: 175 mm
Thickness: 15 mm
Weight
526 gr
ISBN-13
978-0-470-01236-9 (9780470012369)
Schweitzer Classification
Other editions
Additional editions
Person
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.
Content
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.