Catastrophic Risk: Analysis and Management (The Wiley Finance Series) [Hardcover]

Erik Banks (Author)

Book Description

ISBN-10: 0470012366 | ISBN-13: 978-0470012369 | Publication Date: May 16, 2005 | Edition: 1

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.

Editorial Reviews

Review

"...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)

From the Inside Flap

The book is divided into two parts:

Part I: Identification and Analysis of Catastrophic Risk 

Part I of the text introduces the topic of catastrophe risk management by examining general facets of financial and operating risk and defining the unique qualities of high severity/low frequency risks. Several chapters are then devoted to the risk identification process, with a particular focus on natural and man-made perils and regional vulnerabilities. Methods of quantifying catastrophe risks, including the development of a multi-stage modelling process, are then explored.

Part II: Management of Catastrophic Risk

Part II of the text builds on the identification and modelling phases by introducing a general framework for the management of catastrophe risks. Specific chapters are devoted to the implementation of pre- and post-loss financing solutions, including insurance and reinsurance, catastrophe bonds and contingent capital, catastrophe derivatives, and public management and financing. The book concludes with a discussion of critical issues and future challenges related to effective management of catastrophe risks.

See all Editorial Reviews

Product Details

• Hardcover: 190 pages
• Publisher: Wiley; 1 edition (May 16, 2005)
• Language: English
• ISBN-10: 0470012366
• ISBN-13: 978-0470012369
• Product Dimensions: 9.9 x 6.9 x 0.8 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,926,300 in Books (See Top 100 in Books)

More About the Author

Erik Banks is the author of more than 20 books on risk, catastrophe, derivatives, emerging markets, and Wall Street. He has spent 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich; he has also worked in the hedge fund sector and has taught at the University level.