ABSTRACT
Securitized Insurance Risk is one of the first books to focus exclusively on the convergence of the insurance and financial markets in risk management and the emergence of insurance risk as a non-correlated asset class. Written for insurers and investors alike, this book explores the opportunities available to forward-looking risk and investment managers. Chapters by prominent experts specifically address: the win-win principle behind securitizing insurance risk; current structures, including catastrophe bonds, structured notes, catastrophe options, and swaps; partnering financial market tools with traditional reinsurance programs; holding insurance risk, uncorrelated with stocks and bonds; pricing insurance risk instruments and evaluating basic risk; and regulatory and accounting concerns.
TABLE OF CONTENTS
part I|106 pages
The New Risk Transfer (and Investment Portfolio) Tools
chapter Chapter 3|37 pages
Second-Generation OTC Derivatives and Structured Products:
chapter Chapter 4|40 pages
Legal and Regulatory Issues Affecting Insurance Derivatives and Securitization
part II|71 pages
The (Old and New) Market Players