Managing Risk in Reinsurance -

Managing Risk in Reinsurance

From City Fires to Global Warming
Buch | Hardcover
376 Seiten
2016
Oxford University Press (Verlag)
978-0-19-875491-6 (ISBN)
123,45 inkl. MwSt
Reinsurance was a global business from the start the method of spreading and balancing risks in international markets. But this also meant that reinsurance was more heavily exposed to global trends than many other industries. This book gives detailed accounts on how reinsurers dealt with all these challenges.
The business of reinsurance developed at the fringe of financial services and, for most of its existence, went largely unnoticed outside the expert community. More recently, both public and professional sensitivity towards managing risks has increased and reinsurers have emerged as authorities on global threats such as climate change and natural catastrophes.

This is the first book to provide a comprehensive historical description of this industry. It traces the global development of reinsurance from the early 19th century until today. As such it gives a detailed account of how the nature of risk itself changed over the last 200 years. It highlights all aspects relevant in shaping the industry from the development of risk, risk engineering and risk management, actuarial science, the financial and monetary environment, market conditions, impacts of politics, the effects of regulatory changes, to large risks and natural catastrophes.

A comprehensive introduction by the editors highlights the different challenges and approaches to managing risk from a reinsurance perspective such as mathematical, financial, legal, and contractual developments, as well as the changing business models adopted. All of these are dealt with in further detail by ten contributing authors.

Niels Viggo Haueter is Head of Swiss Re's Corporate History unit. He serves as Deputy Chairman of the Academic Council of the European Association for Banking and Financial History in Frankfurt and is a guest lecturer at Hitotsubashi University, Tokyo. Together with Peter Borscheid he edited World Insurance: The Evolution of a Global Risk Network published by Oxford University Press in 2012 Geoffrey Jones is the Isidor Straus Professor of Business History at the Harvard Business School. He has written extensively on the history of globalization. His recent books include Multinationals and Global Capitalism (OUP 2005) and Beauty Imagined: A History of the Global Beauty Industry (OUP, 2010). He is co-editor of the journal Business History Review, and a Fellow of the Academy of International Business and the Royal Historical Society.

1: Niels Viggo Haueter and Geoffrey Jones: ntroduction: Risk and Reinsurance
2: Geoffrey Clark: The Cultural Context of Insurance in the West
3: Robin Pearson: The Evolution of the Industry Structure
4: Forrest Capie: The Monetary and Financial Environment, 1860-2013
5: Hans Bühlmann and Martin Lengwiler: Calculating the Unpredictable: History of Actuarial Theories and Practices in Reinsurance
6: Alexandros-Andreas Kyrtsis: The Rise and Decline of Treaty Reinsurance: Changing roles of Reinsurers as Financial Service Providers
7: Tilmann Röder: From Gentlemen's Agreement to Judicial Instrument: The History of Contract Practice and Conflict Resolution in Reinsurance
8: Milos Vec: Reinsurance Law as an Autonomous Regulation Regime? Resistance to Codification and Avoidance of the Courts in the Twentieth Century
9: Lorraine Daston: What is an Insurable Risk? Swiss Re and Atomic Reactor Insurance
10: Welf Werner: Natural Catastrophes and their Effects on Reinsurance
11: Roman Lechner, Lawrence Kenny, and Niels Viggo Haueter: Continuity and Change in Reinsurance 1990-2016

Erscheinungsdatum
Verlagsort Oxford
Sprache englisch
Maße 181 x 253 mm
Gewicht 808 g
Themenwelt Geschichte Teilgebiete der Geschichte Wirtschaftsgeschichte
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Versicherungsbetriebslehre
ISBN-10 0-19-875491-4 / 0198754914
ISBN-13 978-0-19-875491-6 / 9780198754916
Zustand Neuware
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