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Informationen zum Autor 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. FRANÇ OIS 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. Klappentext Im Laufe der letzten 20 Jahre haben zahlreiche Naturkatastrophen (z.B. Erdbeben, Wirbelstürme, Überschwemmungen) und von Menschen verursachte Katastrophen (z.B. Umweltverschmutzungen, Computer-Sabotage) Versicherungs- und Rückversicherungsgesellschaften in eine äußerst prekäre Lage gebracht. Dieses topaktuelle Buch untersucht die einzigartige Annäherung zwischen der Versicherungsbranche und den Kapitalmärkten. Die Versicherung wird mittlerweile als aufstrebender Vermögenswert betrachtet, bei dem der Preis für das Versicherungsrisiko in den Märkten bestimmt und gehandelt wird. Zwei führende Finanzexperten beleuchten hier den Versicherungs- und Rückversicherungssektor und diskutieren kritische Fragen von Investmentbanken und Brokerfirmen. Darüber hinaus analysieren sie bestehende Trends und Probleme und untersuchen, wie der aktuelle Marktdruck auf Versicherungsunternehmen in der Tat zu vielversprechenden Entwicklungen in der Zukunft führen kann. Mit einer Fülle von Fallstudien. Zusammenfassung Over recent years the insurance industry has faced a period of rapid change and consolidation with recent disasters, both natural and manmade highlighting the problems the industry faces. Yet this has also been a time of opportunity, with the rise of securitization, the insurance industry has turned financial necessity into lucrative invention. Inhaltsverzeichnis Preface. The Basics of Property-Casualty Insurance. Securitizing Insurance Risks. Life Insurance in the United States: History of a Crisis. ALM in Insurance: An Empirical Wander Around Europe. Life Insurance Pricing and the Measurement of the Duration of Liabilities. A Functional Approach to the Insurance Industry. Conclusion and Future Challenges. Appendix: The ALM Survival Toolkit. Index....
Sommario
Preface.
The Basics of Property-Casualty Insurance.
Securitizing Insurance Risks.
Life Insurance in the United States: History of a Crisis.
ALM in Insurance: An Empirical Wander Around Europe.
Life Insurance Pricing and the Measurement of the Duration of Liabilities.
A Functional Approach to the Insurance Industry.
Conclusion and Future Challenges.
Appendix: The ALM Survival Toolkit.
Index.
