The Art Of Risk Management: Alternative Risk Transfer, Capital Structure, And The Convergence Of Insurance And Capital Markets
by Christopher L. Culp /
2002 / English / PDF
2.4 MB Download
Learn about today's hottest new risk management tools
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.
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.