Customer Reviews

Structured Finance and Insurance: The ART of Managing Capital and Risk (Wiley Finance)

5 star:		(2)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

Culp's Structured Finance & Insurance provides a fantastic integration of insurance with the broader world of the financial services industry. Culp is one of the very best authors in this field and his focus on the economic substance of different transactions (e.g., letters of credit and reinsurance contracts) and securities is one of the book's greatest strengths.

I have now read this book several times and each time I can say that I have come away with both new thoughts about the financial transactions in question and new insight into the relationships across different finanacial instruments and institutions. Further, I have referred to Culp's text many times in my daily work, especially for its ability to clearly relate each transaction to its economic fundamentals.

I found the last section with guest authors to be somewhat uneven in quality, although some of these chapters have proven to be useful in their treatment of such issues as weather derivatives.

It is a good textbook for a course taught at very few places. Decent academic background is provided. The students will be able to use some of the stuff if they get jobs in the field. Overly academic to my taste. Probably appropriate for a textbook.

I ordered this book for a graduate course I am taking. The book seems really great if you're in the industry. However, I am just getting into the risk management field and for someone like me, it's a little hard to follow this book sometimes without prior finance knowledge. It seems more geared toward CEO's or CFO's. So depending who you are, you will get different things out of it. If you're a professional, you'll probably benefit the most out of it, I would think. Even as a finance student, it's informative; just keep investopedia and a dictionary close by.

This book provides a great details and knowledges about structured finance. If you are interested in the overall depth understanding about this area, this book is a good buy.