Alternative Risk Transfer: Integrated Risk Management through Insurance, Reinsurance, and the Capital Markets (The Wiley Finance Series) (Hardcover)

~ (Author) "Risk management is a dynamic and well-established discipline practiced by many companies around the world..." (more)
Key Phrases: contingent capital structures, multiple trigger products, multiple peril policies, North Atlantic, Tokio Marine, Goldman Sachs (more...)

Editorial Reviews

Product Description

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.

Alternative Risk Transfer, written by a veteran of the banking and insurance industries, provides a practical, detailed and up-to-date review of the topic. The text is divided into four parts, including

• Risk and the ART market 
•  Insurance and Reinsurance
• Capital Markets
• Enterprise Risk Management and the Future of ART

The book 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.

From the Back Cover

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.

Alternative Risk Transfer, written by a veteran of the banking and insurance industries, provides a practical, detailed and up-to-date review of the topic. The text is divided into four parts, including

• Risk and the ART market 
•  Insurance and Reinsurance
• Capital Markets
• Enterprise Risk Management and the Future of ART

The book 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.

See all Editorial Reviews

Product Details

• Hardcover: 238 pages
• Publisher: Wiley; 1 edition (March 19, 2004)
• Language: English
• ISBN-10: 0470857455
• ISBN-13: 978-0470857458
• Product Dimensions: 9.7 x 6.5 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #419,792 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

4.0 out of 5 stars Simple but comprehensive, March 19, 2007

By	Audrius Linartas - See all my reviews (REAL NAME)

The book seems to be easy to read, but still quite comprehensive. The new tendencies of ART solutions are good captured and described in a well understandible manner. Good book for everyone who wants to know main features of ART market without getting himself lost in small mathematical details

2 of 4 people found the following review helpful:

5.0 out of 5 stars Highly Recommended!, October 25, 2004

By	Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews (TOP 50 REVIEWER)    (REAL NAME)

In this excellent introduction to risk management, author Erik Banks offers a lucid, clearly written and well-organized overview. He tells readers what risk management is, why it is necessary, how it works and how companies can carry it out most prudently and cost-effectively. He manages to convey the essential information about insurance and reinsurance, the use of capital markets and derivatives, and the application of enterprise risk management concisely. This is a remarkable achievement. Most books on insurance bog down in jargon and details, while most books on derivatives are unnecessarily complicated and dense. This one - offered by the Wiley Finance Series - is neither. Although not exactly beach reading, it's about as accessible as any book on this subject could possibly be. We recommend it highly to executives and investors.