Rational Reinsurance Buying

Buch | Hardcover

312 Seiten

2002
Risk Books (Verlag)
978-1-904339-00-7 (ISBN)

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This title brings together the perspectives of leading insurance practitioners to provide a variety of new insights into the behaviour and rationale behind organised insurance buying and risk assessment. It presents the strategies, motives and methods practiced by the major players and suggests why corporate behaviour and internal culture may have an influence on insurance purchasing. It examines the global behavioural aspects of reinsurance and breaks down buying patterns by organisational type and preferred strategy Provides inside knowledge to assist insurers in assessing their own reinsurance buying policies and to utilise the most appropriate and effective modelling techniques for specific needs. It includes sections on: alternative strategies; risk assessment; and the role of capital as well as a study of how transactions are now being made and efforts to create more sustainable relationships in the industry.

Until June 2002, Nick Golden was the director of reinsurance for the Royal and Sun Alliance Group (R&SA) worldwide. His responsibilities included formulating and implementing the reinsurance strategy for the group and integrating the risk management strategy with capital management. He implemented a risk and capital management discipline that was supported by a global dynamic financial analysis (DFA) model for the group as well as each of the regional territories. By consolidating the territory DFA analysis into a global DFA model, R&SA was successful in evaluating the trade-off between regional vs global positions. His success in coordinating a global DFA discipline was instrumental in R&SA's ability to replenish capital following September 11, 2001 through the purchase of a quota share reinsurance with Munich Re, the largest single reinsurance contract ever effected. Whilst at R&SA Nick was a founder member of the TSUNAMI initiative, a UK government initiative to form a bridge between insurance and academia. This work has produced a number of research projects and consequent findings. Nick has spoken extensively on the issues faced by the global insurance industry and the support needed from academia. Nick is a fellow of the Chartered Institute of Insurers the UK.

ALTERNATIVE STRATEGIES OF INSURERS 1. The Evolution of Purchasing Strategy Nick Golden of Royal and Sun Alliance Group 2. Managing Reinsurance within a Multinational Environment Robert Stevenson of Zurich Financial Services 3. Reinsurance Buying Practices Philippe Derieux of AXA 4. A New Rationale for Reinsurance Buying? Herbert Sedlmair of Allianz AG 5. The Evolution of American International Group, Inc.'s Reinsurance Strategy Chris Milton of American International Group Inc. (AIG) RISK ASSESSMENT 6. Can Reinsurance Credit Risk be Priced? Chris Klein of Benfield Group Ltd 7. Catastrophe Modelling Dickie Whitaker of Guy Carpenter 8. Identifying and Controlling Emerging Risk Reto Schneider of Swiss Re 9. Dynamic Financial Analysis: The Answer to Rational Reinsurance Purchase? David Simmons of Benfield Group Ltd INTEGRATION OF RISK MANAGEMENT WITH CAPITAL MANAGEMENT 10. Economic and Financial Perspectives on the Demand for Reinsurance James R. Garven of Hankamer School of Business, Baylor University and Joan Lamm-Tennant of GeneralCologne Re 11. Alternative capital sources Morton Lane of Lane Financial LLC ALTERNATIVE PERSPECTIVES 12. The Future of Electronic Trading Kathrine Huelster of inreon 13. Principles on Minimum Requirements for Supervision of Reinsurers Reinsurance Subcommittee of IAIS 14. Supervisory Standard on the Evaluation of the Reinsurance Cover of Primary Insurers and the Security of their Reinsurers Reinsurance Subcommittee of IAIS 15. Risk Measurement and Reinsurance Jonathan Barber of The SERM Rating Agency, Adam Rose of Falcon Asset Management and Paul Koronka of Charles Taylor Consulting Plc 16. Academia and Insurance: Bridging the Gap Dougal Goodman of The Foundation for Science and Technology

Erscheint lt. Verlag	19.12.2002
Zusatzinfo	graphs, tables
Verlagsort	London
Sprache	englisch
Maße	160 x 240 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
Themenwelt	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
ISBN-10	1-904339-00-X / 190433900X
ISBN-13	978-1-904339-00-7 / 9781904339007
Zustand	Neuware