Catastrophic Risk

Analysis and Management

Erik Banks - Collection Wiley Finance

178 pages, parution le 07/04/2005

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Résumé

Catastrophic risk is one of the most significant and challenging areas of corporate risk management. The onset of hurricane, earthquake, windstorm, terrorism, systemic financial dislocation, or "clash losses" can create billions of dollars of losses, financially damaging companies and regional/national economies. A single "supercat" event affecting a densely populated and economically productive area may be exceptionally devastating, causing losses in excess of $100 billion.

The possibility that these catastrophic events can occur means that the topic must be properly considered: at the corporate level directors must ensure sufficient resources and post-loss financing arrangements to avoid financial distress, and at the macro level regulators and intermediaries must ensure adequacy of risk mechanisms to absorb losses.

Catastrophic Risk is the first comprehensive volume to address the topic from a financial perspective. The book should be essential reading for corporate treasurers, CFOs and insurance/financial risk managers responsible for corporate risk management.

L'auteur - Erik Banks

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.

Sommaire

Identification and analysis of catastrophic risk
- Catastrophe risk
- Risk identificationI: perils
- Risk identification II: regional vulnerability
- Modeling catastrophic risk
Management of catastrophic risk
- Catastrophe and the risk management framework
- Catastrophe insurance and reinsurance
- Catastrophe bonds and contingent capital
- Catastrophe derivatives
- Public sector management and financing
- Outlook and conclusions

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Erik Banks
Collection	Wiley Finance
Parution	07/04/2005
Nb. de pages	178
Format	17,5 x 25
Couverture	Relié
Poids	495g
Intérieur	Noir et Blanc
EAN13	9780470012369
ISBN13	978-0-470-01236-9