Securitized Insurance Risk

This text explains the win-win principle behind securitizing insurance risk. It covers current structures, discusses partnering financial market tools with traditional re-insurance programmes, and includes information on pricing and evaluating basis risk.

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Securitized Insurance Risk is one of the first books available that focuses 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-thinking risk and investment managers.
The contributors provide a complete tool box for learning more about insurance securitization. The first few chapters give an overview of current developments in securitization and commoditization in the insurance industry. The book covers specific instruments, their use, and a thorough discussion of their legal issues and regulation. Finally, various chapters discuss important aspects of these instruments' utilization, both by the insurance industry and by investors.
Michael Himick is President of Meridian Communications, Inc., a Chicago-based communications firm focusing exclusively on financial services clients. His articles on insurance derivatives appear regularly in Risk Financier and other media covering the convergence of the insurance and financial markets.

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