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Thursday September 9, 2010

Insurance From Underwriting To Derivatives
by Eric Briys, François De Varenne

Business/Strategy (click here to view other books in this category)

Insurance From Underwriting To Derivatives January 0001

Eric Briys, François De Varenne

Wiley -

9780471492276

****

Price

16,500.00

$126.92

Over recent years, ears, there has been great upheaval in the insurance industry. High profile cases such as Lloyds of London and various natural disasters have left the insurance industry struggling. Despite this however, the market pressures on insurance companies are providing an incentive to change. As the insurance companies act on this, new opportunities are created. This book offers an in-depth look at the increasingly significant convergence between the insurance industry and the capital markets which has resulted in insurance being seen as an up and coming asset class. Demonstrating how the industry can learn from past mistakes, the authors examine the implications of the intertwining of finance and insurance, both for investment banks and brokerage firms as well as the insurance sector itself. Written by experts in the field, the book is divided into seven chapters: o The basics of property-casualty insurance o Securitizing insurance risks o Life insurance in the United States: history of a crisis o ALM in insurance: an empirical wander around Europe o Life insurance pricing and the measurement of the duration of liabilities o A functional approach to the insurance industry o Conclusion and future challenges ERIC BRIYS is a managing director at Deutsche Bank where he heads the Insurance Strategies Group. He has worked previously for Merrill Lynch and Lehman Brothers. Prior to joining the investment banking world he was a Professor of Finance at the HEC School of Management. He has published seven books on finance and economics and more than thirty scientific articles. FRANCOIS DE VARENNE is a vice-president at Deutsche Bank where he covers European insurance and reinsurance companies. He has worked previously for Merrill Lynch and Lehman Brothers. Prior to joining the investment banking world he was Head of Financial and Economics Affairs at the French Federation of Insurance Companies. An engineer, an actuary and a PhD in finance by training he has published three books and more than ten scientific articles.