Insurance - (Wiley Finance) by Eric Briys & François de Varenne (Hardcover)

Book Synopsis

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.

From the Back Cover

Over recent years the insurance industry has faced a period of rapid change and consolidation, with recent natural and man-made disasters highlighting the problems that the industry faces. Yet this has also been a time of opportunity with the traditional role of insurance giving way to its classification as a asset class. This has resulted in insurance risks now being priced and exchanged on the markets.

In this book, the authors analyze the convergence between the insurance industry and the capital markets. They sumarize the main trends and issues and analyze past events within the industry. Thus, they demonstrate that the current market pressures on insurance companies do not not just create challenges but also new opportunities.

About the Author

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.