Catastrophic Risk : Analysis and Management
Erik. Banks
Bok Engelsk 2005 · Electronic books.
| Annen tittel | |
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| Utgitt | Hoboken : : Wiley, , 2005.
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| Omfang | 1 online resource (192 p.)
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| Opplysninger | Description based upon print version of record.. - Catastrophic Risk; Contents; Acknowledgments; About the author; PART I IDENTIFICATION AND ANALYSIS OF CATASTROPHIC RISK; 1 Catastrophe and Risk; 1.1 Introduction; 1.2 The nature of catastrophe; 1.2.1 A definition; 1.2.2 Frequency; 1.2.3 Vulnerability; 1.2.4 Measuring severity; 1.3 The scope of impact; 1.4 Catastrophe and the risk management framework; 1.5 Overview of the book; 2 Risk Identification I: Perils; 2.1 Natural catastrophe; 2.1.1 Geophysical; 2.1.2 Meteorological/atmospheric; 2.1.3 Other natural disasters; 2.2 Man-made catastrophe; 2.2.1 Terrorism; 2.2.2 Industrial contamination. - 2.2.3 Technological failure2.2.4 Financial dislocation; 2.3 Mega-catastrophe and clash loss; 3 Risk Identification II: Regional Vulnerability; 3.1 Spatial impact of natural catastrophes; 3.1.1 Bermuda and the North American Atlantic Coast; 3.1.2 Florida; 3.1.3 North American West Coast; 3.1.4 US Great Plains/Midwest; 3.1.5 Caribbean; 3.1.6 Mexico; 3.1.7 Japan; 3.1.8 South Asia/Southeast Asia; 3.1.9 Middle East/Near East; 3.1.10 Europe; 3.2 Spatial impact of man-made catastrophes; 3.2.1 North America; 3.2.2 Europe; 3.2.3 Asia/Pacific; 3.3 Urban vulnerabilities; 4 Modeling Catastrophic Risk. - 4.1 The development and use of models4.2 The goals of catastrophe modeling; 4.3 General model construction; 4.3.1 Phase one: Hazard/peril assessment; 4.3.2 Phase two: Vulnerability assessment; 4.3.3 Phase three: Contract assessment; 4.3.4 A general example; 4.3.5 Other perils; 4.4 Challenges; 4.4.1 Model characteristics and assumptions; 4.4.2 Model validation; 4.4.3 Tail risks; 4.4.4 Data quality and granularity; PART II MANAGEMENT OF CATASTROPHIC RISK; 5 Catastrophe and the Risk Management Framework; 5.1 Active risk management; 5.1.1 Enterprise value, liquidity, and solvency. - 5.1.2 Loss control, loss financing, and risk reduction5.2 Risk monitoring; 5.3 Private and public sector efforts; 5.4 Sources of capital; 5.4.1 Insurers/reinsurers; 5.4.2 Investment funds; 5.4.3 Financial institutions; 5.5 Toward active risk management; 6 Catastrophe Insurance and Reinsurance; 6.1 Insurable risk and insurance; 6.1.1 Full insurance; 6.1.2 Partial insurance; 6.1.3 Captives; 6.2 Catastrophe insurance; 6.3 Reinsurance; 6.3.1 Facultative and treaty reinsurance; 6.3.2 Proportional and excess of loss agreements; 6.4 Catastrophe reinsurance; 6.5 Market cycles. - 6.6 Internal risk management6.7 Challenges; 6.7.1 Pricing difficulties; 6.7.2 Earnings and capital volatility; 6.7.3 Concentrations; 6.7.4 Limits to insurability/uninsurable risks; 6.7.5 Lack of insurance/reinsurance penetration; 6.7.6 Capacity constraints; 6.7.7 Contagion effects and systemic concerns; 7 Catastrophe Bonds and Contingent Capital; 7.1 Overview of securitization; 7.2 Catastrophe bonds; 7.2.1 Standard structures; 7.2.2 Innovations; 7.2.3 Market focus and direction; 7.3 Contingent capital; 7.3.1 Standard structures; 7.3.2 Contingent debt; 7.3.3 Contingent equity; 7.4 Challenges. - 7.4.1 Structural flaws. - 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, an
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| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 0470012366. - 9780470012369
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