{"title":"Insurance and actuarial studies Books","description":"","products":[{"product_id":"disaster-insurance-reimagined-protection-in-a-time-of-increasing-risk-9780192865168","title":"Disaster Insurance Reimagined Protection in a","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book examines the growing role and importance of 'Protection Gap Entities' (PGEs). The authors use practical examples from different countries to explain how PGEs step in to maintain disaster insurance and how their work can, but does not always, improve financial and physical resilience to disaster.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eAs the rising frequency, severity and variety of catastrophic loss events challenge the efficacy - and perhaps even the relevance - of the traditional insurance model, the authors identify and analyze a diverse set of promising but ad hoc collaborative programs for managing catastrophe risks. From this survey emerges a practical framework through which governments, the private sector, and impacted communities may constructively engage to develop holistic and sustainable solutions to some of today's most difficult-to-insure risks. * Jason Schupp, Founder \u0026amp; Managing Member, Center for Better Insurance *\u003cbr\u003eHow can individuals, cities and societies insure against increasingly extreme disasters? Protection Gap Entities, as organizational innovations created between market and state, are an answer. This important and superbly clear book shows how PGEs aim to correct insurance market disequilibrium and to re-imagine insurability in a riskier world. Based on immersion in PGEs across the globe, the authors demonstrate the varied operational challenges they face as they try to save insurance from its own paradoxes. But this is much more than a book about insurance; its subject matter is urgent and existential. For this reason, it should be read widely by social scientists and policymakers * Michael Power, Professor of Accounting, London School of Economics and Political Science *\u003cbr\u003eWho pays for our increasing global disasters? This brilliantly researched book highlights how this complex problem depends on a fine-tuned balancing of paradoxical tensions. Anyone that wants to make more transparent the hidden realities of disaster responses, financial markets and the paradoxical tensions that inform them must read this book * Wendy Smith. Dana J. Johnson Professor of Management, University of Delaware *\u003cbr\u003eThis timely book is essential reading for anybody with a stake in insurability at a time of intensifying natural disasters: from risk specialists to those interested in building resilient systems in the face of climate change, such as governments, development and humanitarian organizations. The way the authors discuss Protection Gap Entities (PGEs) via interlinked paradoxes is illuminating. Readers will learn to appreciate the fine balance on which insurance is built, encompassing questions of knowledge, responsibility, and market structure. I would use the authors' conceptual framework not only to discuss specialist topics around disaster insurability, but also to teach insurance fundamentals to diverse audiences, from technical experts to policymakers. * Andreas Tsanakas, Professor of Risk Management, City, University of London *\u003cbr\u003eMany have observed the limitations of private insurance when it comes to financial protection from disasters. When people face disasters without insurance, harm and heartache multiplies. With this book, we finally have the tools to understand why those limitations exist and the critical role played by Protection Gap Entities (PGEs) when those limitations cannot be overcome by the private sector alone. This book is essential reading; not only for what it teaches us about the complex landscape of insurance today, but also for the ways it pushes us to think creatively about how to build more sustainable and humane forms of social protection in the future. A timely, stimulating, major contribution. * Rebecca Elliott, London School of Economics and Political Science *\u003cbr\u003eThe frequency and intensity of weather extremes is increasing due to climate change. Most affected regions are well advised to establish new and strengthen already existing disaster risk pooling arrangements. The book provides strong evidence for the effectiveness of Protection Gap Entities (PGEs) in helping close the disaster loss gap, not least as they comprehensively convene risk owners and often incentivise prevention and preparedness. A must read for decision makers aiming to strengthen disaster resilience in a comprehensive and sustainable fashion * David N. Bresch, Professor for Weather and Climate Risks, ETH Zurich \/ MeteoSwiss *\u003cbr\u003eThis book is essential and riveting reading for policymakers and risk professionals interested in how we build financial and physical resilience to disasters. It provides a ground-breaking exposition of the vital role public-private partnerships (Protection Gap Entities - PGEs) play in covering insurance protection gaps. It provides an insightful tour of developed and developing insurance markets confronting disasters from earthquake, flood, cyclone, and drought to terrorism. Based on an unprecedented multi-stakeholder dataset from 17 PGEs providing disaster insurance in 49 countries, Paula and her co-authors explain why PGEs are established, how they evolve, and imagine what future role they can play in enabling insurability in the face of escalating risk. * Julian Enoizi, Global Head of Public Sector Practice, Guy Carpenter *\u003cbr\u003eIn face of extreme weather, terrorist attacks, seismological disasters, financial collapse, and other calamities, how can we do disaster insurance well? This timely and deeply researched book, based on hundreds of interviews and hours of fieldwork across multiple countries, provides essential learning lessons for academics and practitioners alike. An outstanding contribution to unveiling the complexities of the disaster insurance system, it also illuminates crucially how cross-sector collaborations can be leveraged to bring about economic stability and greater equity. * Nina Bandelj, Chancellor's Professor, University of California, Irvine *\u003cbr\u003eThis book reimagines disaster insurance at times where the world is facing compounding crises that can further widen the protection gap. As the climate and disaster risk finance and insurance landscape is quickly evolving, especially in emerging markets and developing economies, this book provides the reader with the right tools to understand how protection gap entities can help governments, firms and households access disaster insurance solutions and reduce the protection gap. * Olivier Mahul, Global Lead and Program Manager, Disaster Risk Financing and Insurance Program, World Bank *\u003cbr\u003eDisaster Insurance Reimagined: Protection in a Time of Increasing Risk is a must-read book for all catastrophe insurance professionals and all others interested in the role insurance can play in dealing with the growing loss from both the rise in exposure and climate change. Clever and easy to read, this work provides framework, sets the issues at stake and makes explicit the underlying philosophy by which catastrophe insurance is provided in very different jurisdictions. * Francisco Espejo Gil, Consorcio de Compensacion de Seguros *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1: Protection Gap Entities: Saving insurance from itself? 2: Paradoxes of origination: Between too little and too much knowledge 3: Shouldering the burden: Who controls the market and has responsibility for protection? 4: Problem solved? Between static remits and evolving environments 5: Limiting loss: Between financial and physical resilience 6: Reimagining disaster insurance: Towards a new equilibrium Appendix A: The disaster risk transfer process Appendix B: Methodology Glossary","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":48732604006743,"sku":"9780192865168","price":33.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780192865168.jpg?v=1719997612"},{"product_id":"risk-management-and-financial-institutions-9781119932482","title":"Risk Management and Financial Institutions","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eBusiness Snapshots xxiii\u003c\/p\u003e \u003cp\u003ePreface xxv\u003c\/p\u003e \u003cp\u003eChapter 1 Introduction: Risk-Return Trade-offs 1\u003c\/p\u003e \u003cp\u003ePart 1: Financial Institutions 23\u003c\/p\u003e \u003cp\u003eChapter 2 Banks 25\u003c\/p\u003e \u003cp\u003eChapter 3 Insurance Companies and Pension Plans 47\u003c\/p\u003e \u003cp\u003eChapter 4 Fund Managers 75\u003c\/p\u003e \u003cp\u003ePart 2: Financial Markets 97\u003c\/p\u003e \u003cp\u003eChapter 5 Financial Instruments 99\u003c\/p\u003e \u003cp\u003eChapter 6 The OTC Derivatives Market 129\u003c\/p\u003e \u003cp\u003eChapter 7 Securitization and the Global Financial Crisis 145\u003c\/p\u003e \u003cp\u003eChapter 8 Volatility 163\u003c\/p\u003e \u003cp\u003eChapter 9 Correlations and Copulas 193\u003c\/p\u003e \u003cp\u003eChapter 10 Valuation and Scenario Analysis 217\u003c\/p\u003e \u003cp\u003ePart 3: Market Risk 231\u003c\/p\u003e \u003cp\u003eChapter 11 Value at Risk and Expected Shortfall 233\u003c\/p\u003e \u003cp\u003eChapter 12 Historical Simulation and Extreme Value Theory 257\u003c\/p\u003e \u003cp\u003eChapter 13 Model-Building Approach 279\u003c\/p\u003e \u003cp\u003eChapter 14 Interest Rate Risk 293\u003c\/p\u003e \u003cp\u003eChapter 15 Derivatives Risk 319\u003c\/p\u003e \u003cp\u003eChapter 16 Scenario Analysis and Stress Testing 347\u003c\/p\u003e \u003cp\u003ePart 4: Credit Risk 365\u003c\/p\u003e \u003cp\u003eChapter 17 Estimating Default Probabilities 367\u003c\/p\u003e \u003cp\u003eChapter 18 xVAs 393\u003c\/p\u003e \u003cp\u003eChapter 19 Credit Value at Risk 413\u003c\/p\u003e \u003cp\u003ePart 5: Other Risks 429\u003c\/p\u003e \u003cp\u003eChapter 20 Operational Risk 431\u003c\/p\u003e \u003cp\u003eChapter 21 Liquidity Risk 449\u003c\/p\u003e \u003cp\u003eChapter 22 Model Risk Management 477\u003c\/p\u003e \u003cp\u003eChapter 23 Climate Risk, ESG, and Sustainability 497\u003c\/p\u003e \u003cp\u003eChapter 24 Enterprise Risk Management 513\u003c\/p\u003e \u003cp\u003ePart 6: Regulation 531\u003c\/p\u003e \u003cp\u003eChapter 25 Basel I, Basel II, and Solvency II 533\u003c\/p\u003e \u003cp\u003eChapter 26 Basel II.5, Basel III, and Other Post-Crisis Changes 563\u003c\/p\u003e \u003cp\u003eChapter 27 Fundamental Review of the Trading Book 585\u003c\/p\u003e \u003cp\u003eChapter 28 Economic Capital and RAROC 599\u003c\/p\u003e \u003cp\u003ePart 7: Other Topics 617\u003c\/p\u003e \u003cp\u003eChapter 29 Financial Innovation 619\u003c\/p\u003e \u003cp\u003eChapter 30 Risk Management Mistakes to Avoid 641\u003c\/p\u003e \u003cp\u003ePart 8: Appendices 653\u003c\/p\u003e \u003cp\u003eAppendix A Compounding Frequencies for Interest Rates 655\u003c\/p\u003e \u003cp\u003eAppendix B Zero Rates, Forward Rates, and Zero-Coupon Yield Curves 659\u003c\/p\u003e \u003cp\u003eAppendix C Valuing Forward and Futures Contracts 663\u003c\/p\u003e \u003cp\u003eAppendix D Valuing Swaps 665\u003c\/p\u003e \u003cp\u003eAppendix E Valuing European Options 669\u003c\/p\u003e \u003cp\u003eAppendix F Valuing American Options 673\u003c\/p\u003e \u003cp\u003eAppendix G Taylor Series Expansions 677\u003c\/p\u003e \u003cp\u003eAppendix H Eigenvectors and Eigenvalues 681\u003c\/p\u003e \u003cp\u003eAppendix I Principal Components Analysis 685\u003c\/p\u003e \u003cp\u003eAppendix J Manipulation of Credit Transition Matrices 687\u003c\/p\u003e \u003cp\u003eAppendix K Valuation of Credit Default Swaps 689\u003c\/p\u003e \u003cp\u003eAppendix L Synthetic CDOs and Their Valuation 693\u003c\/p\u003e \u003cp\u003eAppendix M SIMM 697\u003c\/p\u003e \u003cp\u003eAnswers to Questions and Problems 701\u003c\/p\u003e \u003cp\u003eGlossary 743\u003c\/p\u003e \u003cp\u003eRMFI Software 771\u003c\/p\u003e \u003cp\u003eTable for N(x) When x ≥ 0 775\u003c\/p\u003e \u003cp\u003eTable for N(x) When x ≤ 0 777\u003c\/p\u003e \u003cp\u003eIndex 779\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48738387755351,"sku":"9781119932482","price":78.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119932482.jpg?v=1723812007"},{"product_id":"life-insurance-in-europe-risk-analysis-and-market-challenges-9783030496548","title":"Life Insurance in Europe: Risk Analysis and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book examines the challenges for the life insurance sector in Europe arising from new technologies, socio-cultural and demographic trends, and the financial crisis. It presents theoretical and applied research in all areas related to life insurance products and markets, and explores future determinants of the insurance industry’s development by highlighting novel solutions in insurance supervision and trends in consumer protection. Drawing on their academic and practical expertise, the contributors identify problems relating to risk analysis and evaluation, demographic challenges, consumer protection, product distribution, mortality risk modeling, applications of life insurance in contemporary pension systems, financial stability and solvency of life insurers. They also examine the impact of population aging on life insurance markets and the role of digitalization. Lastly, based on an analysis of early experiences with the implementation of the Solvency II system, the book provides policy recommendations for the development of life insurance in Europe.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePart I\u003c\/b\u003e - Market Picture and Development Challenges.- European Life Insurance Market – Analysis of Current Situation and Development Prospects.- Social Determinants of Life Insurance in the European Union.- The Challenges Faced by Life Insurance Companies in the Baltic States.- The Turkish Life Insurance Market – An Evaluation of the Current Situation and Future Challenges.- The Role Played by EIOPA in the Developments in the Insurance Sector European Consumer Protection Model.- A New Model of Investment Life Insurance Distribution in the Context of Consumer Protection EU Policy.- Analysis of Capital Requirements in Life Insurance Sector under Solvency II Regime – Evidence from Poland.- \u003cb\u003ePart II\u003c\/b\u003e - Innovations and Risk Analysis.- Longevity-Linked Annuities: How to Preserve Value Creation Against Longevity Risk.- Modelling the Life Expectancy of Elderly People for Life Insurance and Pension Systems.- The Challenges for Life Insurance Underwriting Caused by Changes in Demography and Digitalisation.- Innovation in Life Insurance: the Economic Landscape and the Insurance Distribution Directive.- Internet of Things (IoT): Considerations for Life Insurers.- Discussion of Reducing the Risk of Cancer in Life and Health Insurance.","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48743037763927,"sku":"9783030496548","price":104.49,"currency_code":"GBP","in_stock":true}]},{"product_id":"de-gruyter-handbook-of-entrepreneurial-finance-9783110726756","title":"De Gruyter Handbook of Entrepreneurial Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAs of early 2022, seven of the ten largest firms in the world by market capitalization had been funded through various types of entrepreneurial finance. This handbook provides an up-to-date survey of what we know about this significant phenomenon in all its forms, and where our knowledge about it needs to head from here. The handbook embraces a wide range of established and emerging academic and practitioner voices across the globe to explore the theoretical and practical flux and tension in the field. \u003c\/p\u003e \u003cp\u003eUntil recently, most studies have taken a supply side perspective, focusing on the perspective of those who provide funding to new ventures. This book takes a different, demand side perspective, beginning with the entrepreneur and gradually broadening our view to include close by and then more distant funding sources. Following this approach, it is organized into four parts detailing the individual level (founders’ resources, bricolage and bootstrapping, effectuation and portfolio entrepreneurship); the inner circle (informal financing, business groups, incubators and accelerators); the wider world (formal debt, microfinance, venture capital, corporate venture capital, business angels, government funding and family offices); and emerging perspectives (non-Western perspectives, gender, indigenous perspectives, post-conflict and disaster zones and ethics). \u003c\/p\u003e \u003cp\u003eThe introduction considers the general state of the field, while the conclusion takes on additional topics relevant to entrepreneurial finance, such as decentralized finance, big data, behavioral economics, financial innovation and COVID-19, as well as possible ways in which entrepreneurial finance can have a greater impact on other disciplines. \u003c\/p\u003e \u003cp\u003eThis handbook will be a core reference work for researchers, practitioners, and policy makers seeking an up-to-date academic survey of entrepreneurial finance. It can also be used as a primary text in Ph.D. seminars in entrepreneurship, entrepreneurial finance, and finance. Instructors in Master’s level courses in entrepreneurial finance and venture capital will also find the book of benefit. \u003c\/p\u003e","brand":"De Gruyter","offers":[{"title":"Default Title","offer_id":48743090094423,"sku":"9783110726756","price":97.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783110726756.jpg?v=1720064066"},{"product_id":"happily-insured-your-guide-to-understanding-insurance-and-leading-a-stress-free-life-9789356292369","title":"Happily Insured: Your Guide to Understanding","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe only book on insurance you''ll ever need!We face risks without realising their enormity - death, accidents, ill-health, burglaries, earthquakes, riots, fires and storms. Additional risks, such as the Coronavirus, come about with alarming irregularity to disrupt our lives. Look around and you will see many examples of the deep impact these risks can have. A wage earner''s premature death can put paid to their children''s education; Chemotherapy can eat up your life''s savings; an illness when overseas can leave you confused about how to get treated; heavy rains can flood your home; and an accident can cause litigation.","brand":"HarperCollins India","offers":[{"title":"Default Title","offer_id":48743245742423,"sku":"9789356292369","price":13.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789356292369.jpg?v=1720064756"},{"product_id":"against-the-gods-9780471295631","title":"Against the Gods","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA Business Week, New York Times Business, and USA Today Bestseller  \"Ambitious and readable... an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism. \" -The New York Times  \"An extraordinarily entertaining and informative book.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eAGAINST THE GODS appeared in the \"Washington Is Also Reading...\" section of The Washington Post Book World. The book is described as, \"A comprehensive history of man's efforts to understand risk and probability, from ancient gamblers in Greece to modern chaos theory.\"-The Washington Post Book World, September 20, 1998\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTO 1200: BEGINNINGS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. The Winds of the Greeks and the Role\u003cbr\u003eof the Dice 11\u003c\/p\u003e \u003cp\u003e2. As Easy as I, II, III 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1200–1700: A THOUSAND OUTSTANDING FACTS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3. The Renaissance Gambler 39\u003c\/p\u003e \u003cp\u003e4. The French Connection 57\u003c\/p\u003e \u003cp\u003e5. The Remarkable Notions of the Remarkable Notions Man 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1700–1900: MEASUREMENT UNLIMITED\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6. Considering the Nature of Man 99\u003c\/p\u003e \u003cp\u003e7. The Search for Moral Certainty 116\u003c\/p\u003e \u003cp\u003e8. The Supreme Law of Unreason 135\u003c\/p\u003e \u003cp\u003e9. The Man with the Sprained Brain 152\u003c\/p\u003e \u003cp\u003e10. Peapods and Perils 172\u003c\/p\u003e \u003cp\u003e11. The Fabric of Felicity 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1900–1960: CLOUDS OF VAGUENESS AND THE DEMAND FOR PRECISION\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12. The Measure of Our Ignorance 197\u003c\/p\u003e \u003cp\u003e13. The Radically Distinct Notion 215\u003c\/p\u003e \u003cp\u003e14. The Man Who Counted Everything Except Calories 231\u003c\/p\u003e \u003cp\u003e15. The Strange Case of the Anonymous Stockbroker 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDEGREES OF BELIEF:EXPLORING UNCERTAINTY\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16. The Failure of Invariance 269\u003c\/p\u003e \u003cp\u003e17. The Theory Police 284\u003c\/p\u003e \u003cp\u003e18. The Fantastic System of Side Bets 304\u003c\/p\u003e \u003cp\u003e19. Awaiting the Wildness 329\u003c\/p\u003e \u003cp\u003eNotes 339\u003c\/p\u003e \u003cp\u003eBibliography 353\u003c\/p\u003e \u003cp\u003eName Index 365\u003c\/p\u003e \u003cp\u003eSubject Index 369\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864646594903,"sku":"9780471295631","price":16.2,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780471295631.jpg?v=1722272881"},{"product_id":"risk-reward-9780957559554","title":"Risk  Reward","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Iskaboo Publishing Ltd","offers":[{"title":"Default Title","offer_id":48866211070295,"sku":"9780957559554","price":19.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780957559554.jpg?v=1722277605"},{"product_id":"takaful-and-islamic-cooperative-finance-challenges-and-opportunities-9781785363351","title":"Takaful and Islamic Cooperative Finance:","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIslamic finance distinguishes itself from conventional finance with its strong emphasis on the moral consequences of financial transactions; prohibiting interest, excessive uncertainty, and finance of harmful business. When it comes to risk mitigation, it is unique in its risk sharing approach.\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis authoritative book tracks the evolution of the \u003ci\u003etakaful\u003c\/i\u003e industry over the course of the last four decades and makes a major attempt to highlight the importance of risk sharing through a discussion of various models of cooperation and critical analysis of their performance, including illuminating case studies and a critical assessment of the Islamic insurance model and the role of alternate financing mechanisms. Its high level discourse on \u003ci\u003eshari'ah\u003c\/i\u003e compliance and its nuances places emphasis on the importance of solidarity, cooperation, mutuality and reciprocity.\u003c\/p\u003e\u003cp\u003eScholars and practitioners working in Islamic Finance will appreciate the context and nuance of this important book, and it will be essential reading for anyone interested in alternative forms of \u003ci\u003eshari'ah\u003c\/i\u003e compliant cooperative finance. The book is equally vital for academics and researchers interested in understanding various \u003ci\u003etakaful\u003c\/i\u003e models and their \u003ci\u003eshari'ah\u003c\/i\u003e considerations.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eContributors include:\u003c\/b\u003e A. Abozaid, A.U.F. Ahmad, A. Akhtar, S.N. Ali, H. Allam, M. Ayub, M. Al Bashir Al Amine, A. Bhatty, J.W. Bradford, S.E.B. Carmody, M.A. El-Gamal, M. Faisal, M.F. Haq, I. Bin Mahbob, A. Nana, V. Nienhaus, S. Nisar, U.A. Oseni, M. Rahman, A. Rehman, M.A. Samad, B. Shafiq, H. Sultan, A.-R. Syed, T.A. Uddin\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e'This volume is probably the first of its kind in which the topic of \u003c\/i\u003etakaful\u003ci\u003e -- often neglected by literature -- is dealt with in a comprehensive fashion by leading academics and practitioners. The strength of the volume stems from its discussion of the ideas of mutuality and cooperatives, legal and regulatory frameworks, and the potential for \u003c\/i\u003etakaful\u003ci\u003e in social finance with a view towards sustainable development. Professors Ali and Nisar deserve congratulations for making this important and significant contribution to the literature on\u003c\/i\u003e takaful.' --Zamir Iqbal, The World Bank Global Islamic Finance Development Center, Turkey\u003cp\u003e\u003ci\u003e'This book is a welcome addition to the literature on \u003c\/i\u003etakaful\u003ci\u003e, providing fresh perspectives, critical analysis and informative case studies which illustrate how Islamic insurance contributes to social finance in India and Indonesia. The principles of mutuality and solidarity are examined from different perspectives and the merits of a \u003c\/i\u003ewaqf-wakalah\u003ci\u003e model are discussed. The legal and regulatory framework within which \u003c\/i\u003etakaful\u003ci\u003e operates is examined. The potential for \u003c\/i\u003eshari ah\u003ci\u003e-compliant cooperative financial services is assessed and a novel proposal is made for a lifetime annuity in family \u003c\/i\u003etakaful\u003ci\u003e. The standard of scholarship is impressive and Drs Nazim Ali and Shariq Nisar are to be congratulated in bringing together such a distinguished group of academics and professionals. The book is an essential purchase for libraries with collections in Islamic finance.'\u003c\/i\u003e --Rodney Wilson, Durham University and INCEIF, Kuala Lumpur\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents:  Introduction\t   PART I: INTRODUCTION TO TAKAFUL: FORM, FUNCTION AND CRITICISM\t 1. Takaful Journey: the Past and Present and Future   Ajmal Bhatty and Shariq Nisar    2. Solidarity, Cooperation, and Mutuality in Takāful  Volker Nienhaus\t  3. Mutuality, Reciprocity, and Justice within the Context of a Unified Theory of Riba and Ghara  Mahmoud A. El-Gamal  4. A Proposed Marriage between Endowments, Mutual Insurance, and the Institution of Agency in Islamic Law—An Introduction to the Waqf-Wakalah Model of Takaful Abdullah Nana  5. A Critical Shari’ah Review of Takaful Structures: Towards a Better Model Abdulazeem Abozaid  PART II: REGULATORY ENVIRONMENT AND LEGAL ASPECTS OF TAKAFUL 6. New Horizons: The Potential for Shari’ah-compliant Cooperative and Mutual Financial Services Sara E.B. Carmody  7. Toward a Watershed in Takaful Dispute Resolution: From Litigation to Effective Dispute Management Umar A. Oseni  8. Fatwā and its Role in Regulatory Capture and Arbitrage Joe W. Bradford  PART III: TAKAFUL PRODUCT ANALYSIS\t 9. The Nature of Retakaful: Risk Sharing or Transferring Risks?  Abu Umar Faruq Ahmad, Ismail Bin Mahbob and Muhammad Ayub  10. Commercial Credit Takaful Muhammad Al Bashir Muhammad Al Amine  11. Shari’ah Compliant High Watermark Protected Lifetime Annuity in Family Takaful? Hiba Allam and  Volker Nienhaus  PART IV: TAKAFUL AS SOCIAL FINANCE 12. Reimagining takaful: A New Model for Social Banking Hussam Sultan and Abdur-Rahman Syed  13. Islamic Co-operatives: A Route to Poverty Alleviation and Economic Development  Mian Farooq Haq and Bushra Shafiq  14. Scaling Poverty Reduction in Indonesia: Enhancing the Institutional Effectiveness of Islamic Microfinance Institutions\t  Tanvir Ahmed Uddin and Muhammad Maaz Rahman  15. Micro-takaful in India: A Path Towards Financial Inclusion and Sustainable Development Mohammad Faisal, Asif Akhtar, Asad Rehman and M. Abdul Samad  Index","brand":"Edward Elgar Publishing Ltd","offers":[{"title":"Default Title","offer_id":48868330733911,"sku":"9781785363351","price":131.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781785363351.jpg?v=1722287520"},{"product_id":"key-divergences-between-english-and-american-law-of-marine-insurance-9780870335228","title":"Key Divergences Between English and American Law","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Schiffer Publishing Ltd","offers":[{"title":"Default Title","offer_id":48884873658711,"sku":"9780870335228","price":29.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780870335228.jpg?v=1722533848"},{"product_id":"squandering-billions-9780888396020","title":"Squandering Billions","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Hancock House Publishers Ltd ,Canada","offers":[{"title":"Default Title","offer_id":48884953579863,"sku":"9780888396020","price":18.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780888396020.jpg?v=1722534212"},{"product_id":"squandering-billions-9780888396044","title":"Squandering Billions","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Hancock House Publishers Ltd ,Canada","offers":[{"title":"Default Title","offer_id":48884953612631,"sku":"9780888396044","price":22.09,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780888396044.jpg?v=1722534214"},{"product_id":"the-national-flood-insurance-program-background-issues-and-reauthorization-9781536191158","title":"The National Flood Insurance Program: Background,","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe National Flood Insurance Program (NFIP) was established by the National Flood Insurance Act of 1968 and was most recently reauthorized to September 30, 2020, through a series of short-term reauthorizations. The general purpose of the NFIP is both to offer primary flood insurance to properties with significant flood risk, and to reduce flood risk through the adoption of floodplain management standards. This book provides information on key components of the NFIP.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface; Preparing for the Storm: Reauthorization of the National Flood Insurance Program; Introduction to the National Flood Insurance Program (NFIP); The National Flood Insurance Program: Selected Issues and Legislation in the 116th Congress; Private Flood Insurance and the National Flood Insurance Program; National Flood Insurance Program: The Current Rating Structure and Risk Rating 2.0; National Flood Insurance Program Administrative Reform Act of 2019; A Brief Introduction to the National Flood Insurance Program; A Brief Introduction to the National Flood Insurance Program: Homeland Security Issues in the 116th Congress; The National Flood Insurance Program (NFIP), Reinsurance, and Catastrophe Bonds; Selected Issues for National Flood Insurance Program (NFIP) Reauthorization and Reform; Private Flood Insurance and the National Flood Insurance Program (NFIP); National Flood Insurance Program Borrowing Authority; What Happens If the National Flood Insurance Program (NFIP) Lapses?; Index.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48886193717591,"sku":"9781536191158","price":163.19,"currency_code":"GBP","in_stock":true}]},{"product_id":"natural-disasters-public-policy-options-for-changing-the-federal-role-in-natural-catastrophe-insurance-9781604567175","title":"Natural Disasters: Public Policy Options for","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn recent years, much attention has been focused on the roles that the private sector and federal government play in providing insurance and financial aid before and after catastrophic events. In this context, the authors examined (1) the rationale for and resources of federal and state programs that provide natural catastrophe insurance; (2) the extent to which Americans living in catastrophe-prone areas of the United States are uninsured and underinsured, and the types and amounts of federal payments to such individuals since the 2005 hurricanes; and (3) public policy options for revising the federal role in natural catastrophe insurance markets.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48886647849303,"sku":"9781604567175","price":40.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781604567175.jpg?v=1722541033"},{"product_id":"life-settlements-issues-analyses-of-insurance-markets-policies-9781624174865","title":"Life Settlements: Issues \u0026 Analyses of Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA life settlement is a transaction in which an insurance policy owner sells a life insurance policy to a third party for an amount that exceeds the policy''s cash surrender value, but is less than the expected death benefit of the policy. Reports indicate that the life settlements market had experienced robust growth up until 2007 when it was estimated that $12 billion in face amount, or stated benefit, amount, of life insurance was sold in life settlement transactions. More recently, the amount sold has declined. This book outlines the Life Settlements Task Force''s findings about the life settlement market and recommends that the Commission consider certain actions to improve market practices and regulatory oversight.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48887007969623,"sku":"9781624174865","price":126.74,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781624174865.jpg?v=1722542599"},{"product_id":"life-insurance-select-programs-analyses-9781624174896","title":"Life Insurance: Select Programs \u0026 Analyses","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book provides an analysis of select programs relating to life insurance. Topics include the Federal Employees'' Group Life Insurance program (FEGLI) and the retirement benefit and retained asset account disclosures that could be improved; Veteran''s benefits and current life insurance programs; and the insurance and tax issues of Corporate-Owned Life Insurance (COLI).","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48887008067927,"sku":"9781624174896","price":126.74,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781624174896.jpg?v=1722542598"},{"product_id":"workers-compensation-insurance-a-primer-9781631176517","title":"Workers Compensation Insurance: A Primer","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWorkers'' compensation insurance covers nearly all workers in the U.S. and provides those who are injured or become ill as a result of work with medical treatment, a portion of lost wages, and a lump sum for some permanent impairments. Nonetheless, there are limitations to conducting studies that rely on workers'' compensation records since not all injuries and illnesses result in claims being filed. Furthermore, the data that are collected are not readily combined if obtained from multiple sources since requirements vary substantially among the states. This book was written to help describe elements of the workers'' compensation insurance programs in the U.S. and the potential to utilise the records for public health purposes. This book also focuses on several key policy issues facing the program, including the disproportionate share of claims and program costs attributed to postal workers, the payment of FECA benefits after retirement age, the overall level of FECA disability benefits as compared with those offered by the states, and the administration of the FECA program.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48887109714263,"sku":"9781631176517","price":55.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781631176517.jpg?v=1722543048"},{"product_id":"flood-homeowners-insurance-considerations-for-expanding-the-role-of-private-insurers-9781631178887","title":"Flood \u0026 Homeowners Insurance: Considerations for","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAccording to stakeholders with whom the United States Government Accountability office spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. 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This book addresses the conditions needed for private sector involvement in flood insurance and strategies for increasing private sector involvement.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48887113679191,"sku":"9781631178887","price":67.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781631178887.jpg?v=1722543068"},{"product_id":"surplus-lines-insurance-market-background-analysis-9781631179761","title":"Surplus Lines Insurance Market: Background \u0026","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn general, insurance is a highly regulated financial product. Every state requires licenses for insurance companies, and most states closely regulate both company conduct and the details of the particular insurance products sold in the state. This regulation is usually seen as important for consumer protection; however, it also creates barriers to entry in the insurance market and typically reduces to some degree the supply of insurance that is available to consumers. Rather than requiring consumers who may be unable to find insurance from a licensed insurer to simply go without insurance, states have allowed consumers to purchase insurance from non-licensed insurers, commonly called non-admitted or surplus lines insurers. Although any sort of insurance could be sold by a surplus lines insurer, most such transactions tend to be for rarer and more exceptional property and casualty risks, such as art and antiques, hazardous materials, natural disasters, amusement parks, and environmental or pollution risks. 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The book emphasizes that global reinsurers are vital to U.S. insurers and thus important for the general economic prosperity of the United States, including through enhanced availability and affordability of insurance.","brand":"Nova Science Publishers Inc","offers":[{"title":"Default Title","offer_id":48887223583063,"sku":"9781634843386","price":155.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781634843386.jpg?v=1722543573"},{"product_id":"handbook-of-analytical-studies-in-islamic-finance-and-economics-9783110585087","title":"Handbook of Analytical Studies in Islamic Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. \u003c\/p\u003e \u003cp\u003e　　　　 Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. 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It is a valuable resource for financial sector professionals and scholars in the fields of sustainable finance and banking.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e 1. Introduction \u003c\/p\u003e \u003cp\u003e 2. ENVIRONMENTAL RISK, SUSTAINABILITY AND BANKING \u003c\/p\u003e \u003cp\u003e 3. TRENDS IN ENVIRONMENT FRIENDLY BANKING \u003c\/p\u003e \u003cp\u003e 4. GREEN BANKING: DEFINITION AND APPROACHES \u003c\/p\u003e \u003cp\u003e 5. THE NEED AND IMPACT OF GREEN BANKING \u003c\/p\u003e \u003cp\u003e 6. THE PRINCIPLES OF GREEN BANKING \u003c\/p\u003e \u003cp\u003e 7. GREEN BANKING INTERVENTION AND ADOPTION PROCESS \u003c\/p\u003e \u003cp\u003e 8. GREEN BANKING AND RISK MANAGEMENT \u003c\/p\u003e \u003cp\u003e 9. THE GREEN BANKING REGULATORY AND POLICY FRAMEWORK \u003c\/p\u003e \u003cp\u003e 10. FUTURE CHALLENGES AND WAY FORWARD \u003c\/p\u003e","brand":"De Gruyter","offers":[{"title":"Default Title","offer_id":48889045975383,"sku":"9783110661132","price":44.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783110661132.jpg?v=1722552425"},{"product_id":"principles-of-green-banking-managing-environmental-risk-and-sustainability-9783110992205","title":"Principles of Green Banking: Managing","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eEnvironmental sustainability is perhaps the key societal challenge of our times. Achieving it will require a significant level of financing and investment, and here the role of the banking industry is fundamental. 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FUTURE CHALLENGES AND WAY FORWARD \u003c\/p\u003e","brand":"De Gruyter","offers":[{"title":"Default Title","offer_id":48889051119959,"sku":"9783110992205","price":12.82,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783110992205.jpg?v=1722552452"},{"product_id":"de-gruyter-handbook-of-entrepreneurial-finance-9783111356716","title":"De Gruyter Handbook of Entrepreneurial Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAs of early 2022, seven of the ten largest firms in the world by market capitalization had been funded through various types of entrepreneurial finance. This handbook provides an up-to-date survey of what we know about this significant phenomenon in all its forms, and where our knowledge about it needs to head from here. The handbook embraces a wide range of established and emerging academic and practitioner voices across the globe to explore the theoretical and practical flux and tension in the field. \u003c\/p\u003e \u003cp\u003eUntil recently, most studies have taken a supply side perspective, focusing on the perspective of those who provide funding to new ventures. This book takes a different, demand side perspective, beginning with the entrepreneur and gradually broadening our view to include close by and then more distant funding sources. Following this approach, it is organized into four parts detailing the individual level (founders’ resources, bricolage and bootstrapping, effectuation and portfolio entrepreneurship); the inner circle (informal financing, business groups, incubators and accelerators); the wider world (formal debt, microfinance, venture capital, corporate venture capital, business angels, government funding and family offices); and emerging perspectives (non-Western perspectives, gender, indigenous perspectives, post-conflict and disaster zones and ethics). \u003c\/p\u003e \u003cp\u003eThe introduction considers the general state of the field, while the conclusion takes on additional topics relevant to entrepreneurial finance, such as decentralized finance, big data, behavioral economics, financial innovation and COVID-19, as well as possible ways in which entrepreneurial finance can have a greater impact on other disciplines. \u003c\/p\u003e \u003cp\u003eThis handbook will be a core reference work for researchers, practitioners, and policy makers seeking an up-to-date academic survey of entrepreneurial finance. It can also be used as a primary text in Ph.D. seminars in entrepreneurship, entrepreneurial finance, and finance. Instructors in Master’s level courses in entrepreneurial finance and venture capital will also find the book of benefit. \u003c\/p\u003e","brand":"De Gruyter","offers":[{"title":"Default Title","offer_id":48889052725591,"sku":"9783111356716","price":38.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783111356716.jpg?v=1722552458"},{"product_id":"the-ala-guide-to-information-sources-in-insurance-risk-management-and-actuarial-science-9780838912751","title":"The ALA Guide to Information Sources in Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe insurance industry is among the most highly regulated industries today, and literature on the field is a complex thicket of sources. This valuable, one-of-a-kind resource is a comprehensive guide to locating and using information resources about the insurance industry.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e”A small but detailed reference work, this paperback could function as the one insurance, risk management, and actuarial science resource for academic libraries with smaller collections or for public libraries with a strong business focus. For larger institutions, this text would provide a handy quick guide in a reference collection.\"\"— \u003cem\u003eARBA\u003c\/em\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface\u003cbr\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eChapter 1: Introductory Guides to Insurance: Consumer Information Sources, Guides, and Popular Works\u003c\/li\u003e\n\u003cli\u003eChapter 2: Textbooks: Insurance, Actuarial Science, Risk Management, and Related Topics\u003c\/li\u003e\n\u003cli\u003eChapter 3: The Insurance Industry: Almanacs, Fact Books, and Statistics; Databases; Dictionaries and Encyclopedias; Directories; Handbooks; and Associations\u003c\/li\u003e\n\u003cli\u003eChapter 4: The History of Insurance\u003c\/li\u003e\n\u003cli\u003eChapter 5: Insurance Law\u003c\/li\u003e\n\u003cli\u003eChapter 6: International Insurance\u003c\/li\u003e\n\u003cli\u003eChapter 7: Actuarial Science\u003c\/li\u003e\n\u003cli\u003eChapter 8: Risk Management\u003c\/li\u003e\n\u003cli\u003eChapter 9: Health Care Reform and Health Insurance\u003c\/li\u003e\n\u003cli\u003eChapter 10: Annuities and Life Insurance\u003c\/li\u003e\n\u003cli\u003eChapter 11: Property\/Casualty Insurance, Catastrophe Insurance, and Liability Insurance\u003c\/li\u003e\n\u003cli\u003eChapter 12: Employment and Related Insurance: Disability, Employment Benefits, and Workers’ Compensation; Social Insurance and Social Security; and Employee Benefits and Retirement Plans\u003c\/li\u003e\n\u003cli\u003eChapter 13: Bank and Financial Insurance: Bank and Credit Insurance and Risk Management; Economics and Insurance; and Finance and Investment Advisory Sources\u003c\/li\u003e\n\u003cli\u003eChapter 14: Careers in Insurance and Insurance Education\u003c\/li\u003e\n\u003cli\u003eChapter 15: Miscellaneous Insurance and Related Topics\u003c\/li\u003e\n\u003cli\u003eAppendix A: Abbreviations and Acronyms\u003c\/li\u003e\n\u003cli\u003eAppendix B: Insurance, Risk Management, and Actuarial Associations and Agencies\u003c\/li\u003e\n\u003cli\u003eAppendix C: Selected Insurance, Risk Management, and Actuarial Studies Journals\u003c\/li\u003e\n\u003cli\u003eAppendix D: Insurance, Actuarial Science, and Risk Management Schools and University Departments\u003c\/li\u003e\n\u003cli\u003eAppendix E: Selected Major Business and Insurance Libraries\u003c\/li\u003e\n\u003c\/ul\u003e Index.","brand":"American Library Association","offers":[{"title":"Default Title","offer_id":49083699855703,"sku":"9780838912751","price":76.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780838912751.jpg?v=1725549755"},{"product_id":"sustainable-life-insurance-9781032081557","title":"Sustainable Life Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003e\u003cem\u003eSustainable Life Insurance: Managing Risk Appetite for Insurance Savings and Retirement Products\u003c\/em\u003e\u003c\/strong\u003e gives an overview of all relevant aspects of traditional and non-traditional savings and retirement products from both insurers' and policyholders' respective risk appetites. Examples of such products include general accounts, whole life, annuities (variable, fixed and fixed indexed, structured), index-linked products, CPPI-based products, etc.\u003c\/p\u003e\u003cp\u003eThe book contains technical details associated with both practice and theory, specifically related to modelling, product design, investments and risk management challenges and solutions, tailored to both insurers' and policyholders' perspectives.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eFeatures\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe book offers not only theoretical background but also concrete, cutting-edge quick wins across strategic and operational business axes.\u003c\/li\u003e\n\u003cli\u003eIt will be an asset for professionals in the insurance industry, and a great teachin\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eIntroduction. 1. The transformation of the Risk Appetite for Sustainable Savings and Retirement.\u003c\/strong\u003e 1.1. The transformation of the insurance business since the past decade. 1.2. Securing long-term sustainable business growth: from Governance to effective risk management. \u003cstrong\u003e2. Products Risk Appetite for Sustainable Savings and Retirement.\u003c\/strong\u003e 2.1. The increasingly selective customer’ Risk Appetite across the four axes: yields\/flexibility\/financial guarantees\/cost. 2.2. Meeting both shareholders and policyholders Appetites through sustainable Capital-light products? \u003cstrong\u003e3. Measuring Risk Appetite for Sustainable Savings and Retirement.\u003c\/strong\u003e 3.1. Considerations on Risk-neutral vs. Real-world pricing framework. 3.2. Hybrid Financial Risks Modelling for Sustainable Savings and Retirement. 3.3. Computational challenges and opportunities: accelerating the computational Run Time by Speeding up the convergence of Monte Carlo simulations. \u003cstrong\u003e4. Designing Products aligned with Risk Appetite for Sustainable Savings and Retirement.\u003c\/strong\u003e 4.1. Screening sustainable opportunities balancing shareholders vs. customers’ interests within persistent low rates and growing regulatory constraints. 4.2 Sustainable Liabilities designs enhancements. 4.3 Sustainable Investment Assets designs. \u003cstrong\u003e5. Hedging Risks aligned with Risk Appetite for Sustainable Savings and Retirement.\u003c\/strong\u003e 5.1. Hedging principles, processes and PandL attribution. 5.2. From Dynamic hedging to Semi-static hedging. 5.3. Managing hedging liquidity constraints. Bibliography. \u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":49371808661847,"sku":"9781032081557","price":87.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781032081557.jpg?v=1730154648"},{"product_id":"embracing-risk-the-changing-culture-of-insurance-and-responsibility-9780226035192","title":"Embracing Risk The Changing Culture of Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e'Embracing risk' offers an original approach to risk, insurance and responsibility, the provocative and wide-ranging essays demonstrate that risk has moved well beyond its origins in the insurance trade to become a central organizing principle of social and cultural life.","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":49399919771991,"sku":"9780226035192","price":30.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226035192.jpg?v=1730469139"},{"product_id":"insurance-era-9780226784380","title":"Insurance Era","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eCharts the social and cultural life of private insurance in postwar America, showing how insurance institutions and actuarial practices played crucial roles in bringing social, political, and economic neoliberalism into everyday life.    Actuarial thinking is everywhere in contemporary America, an often unnoticed byproduct of the postwar insurance industry's political and economic influence. Calculations of risk permeate our institutions, influencing how we understand and manage crime, education, medicine, finance, and other social issues. Caley Horan's remarkable book charts the social and economic power of private insurers since 1945, arguing that these institutions' actuarial practices played a crucial and unexplored role in insinuating the social, political, and economic frameworks of neoliberalism into everyday life.    Analyzing insurance marketing, consumption, investment, and regulation, Horan asserts that postwar America's obsession with safety and security fueled the exponential expansion of the insurance industry and the growing importance of risk management in other fields. Horan shows that the rise and dissemination of neoliberal values did not happen on its own: they were the result of a project to unsocialize risk, shrinking the state's commitment to providing support, and heaping burdens upon the people often least capable of bearing them. Insurance Era is a sharply researched and fiercely written account of how and why private insurance and its actuarial market logic came to be so deeply lodged in American visions of social welfare.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“\u003ci\u003eInsurance Era \u003c\/i\u003ebrilliantly captures the power that insurance came to hold over Americans’ relationship to risk, security, themselves, and one another in the twentieth century. No other book better explains how and why the private triumphed over the public, and the individual over the collective, in recent American life. With great historical imagination, Horan has utterly recast the history of the postwar United States as the origins of our own time.” * Jonathan Ira Levy, University of Chicago *\u003cbr\u003e“History at its best raises fundamental questions: What is fair? Who is responsible for whom? And who gets to decide? \u003ci\u003eInsurance Era\u003c\/i\u003e is such a history, exposing the central role the private insurance industry played in answering those questions for twentieth-century Americans. As Horan shows, the industry used its huge capital resources to underwrite suburban development and drain cities of their tax bases; it shaped who had access to insurance, who was excluded from such security, and the consequences of that exclusion.  Most importantly, the industry conditioned Americans to think of risk pools as objective and apolitical, a matter of personal responsibility. We continue to live in this insurance era, but in uncovering its history, Horan opens a pathway to a more egalitarian vision of human community.” * Barbara Young Welke, University of Minnesota *\u003cbr\u003e“The insurance industry promised to provide Americans with much-needed security, but as Horan shows in this brilliant new book, its efforts only heightened the risk of individuals and deepened patterns of discrimination for marginalized groups, paving the way for the insecurities of the neoliberal age.” * Kevin M. Kruse, Princeton University *\u003cbr\u003e\"Recommended. . . Horan covers the insurance industry's evolution since the 1930s, a time when the public sector appeared poised to dominate the provision of insurance and an underexplored era in US risk management. . . . The book will therefore interest social, cultural, and business historians.\" * Choice *\u003cbr\u003e\"A useful and timely account of the postwar insurance industry’s efforts to promote self-made security and the logic of actuarial fairness upon which that form of security depends. . . In keeping with much of the insurance and society literature to which Horan makes a worthy contribution, \u003ci\u003eInsurance Era\u003c\/i\u003e is thoroughly interdisciplinary, engaging with work by sociologists, legal scholars, and\u003cbr\u003e political scientists.\" * Journal of Interdisciplinary History *\u003cbr\u003e\"The insurance industry has been a discrete yet powerful actor in modern capitalist societies. \u003ci\u003eInsurance Era\u003c\/i\u003e skillfully dissects its role in privatizing security, investing in the built environment, and reproducing discrimination in the United States from the 1930s to the 1970s. It is a welcome addition to the field of American insurance history.\" * Enterprise and Society *\u003cbr\u003e\"Horan makes an important contribution to a growing literature on insurance history. \u003ci\u003eInsurance Era\u003c\/i\u003e also makes a potentially dry subject come vibrantly alive by situating economic ideas in their cultural contexts and weaving legal and social theory into the historical narrative. Horan’s clear and beautiful language propels her readers through her deep dive into the archive of insurance operations and excavation of complicated actuarial concepts. Ultimately, she shows how private insurance taught Americans to conceive of themselves and others in actuarial terms, transformed the built environment, fractured social identities, and deepened socio-economic inequalities.\" * Jotwell *\u003cbr\u003e\"In this book Caley Horan explores the marketing, investment, and underwriting practices of the insurance industry in the United States, with a particular focus on events after World War II. . . . Horan’s thought-provoking book asks a good question: what is the role of flawed experience rating in reinforcing discrimination, and how can the problem be fixed?\" * EH.net *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction\u003cbr\u003e\u003cbr\u003e Part I: Selling “Self-Made” Security\u003cbr\u003e Chapter 1: Insurance Marketing in the Wake of the New Deal\u003cbr\u003e Chapter 2: “Facing the Future’s Risks”: Governing through Education and Public Service\u003cbr\u003e\u003cbr\u003e Part II: Investing in Privatization\u003cbr\u003e Chapter 3: “Public Enterprises in Private Hands”: Investing in Urban Renewal\u003cbr\u003e Chapter 4: “A Mighty Pump”: Financing Suburbanization\u003cbr\u003e\u003cbr\u003e Part III: Defending Discrimination\u003cbr\u003e Chapter 5: “Communities without Hope”: Urban Crisis and Insurance Redlining\u003cbr\u003e Chapter 6: The Unisex Insurance Debate and the Triumph of Actuarial Fairness\u003cbr\u003e\u003cbr\u003e Epilogue: Imagining Insurance Futures\u003cbr\u003e\u003cbr\u003e Acknowledgments\u003cbr\u003e Notes\u003cbr\u003e Index","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":49400118935895,"sku":"9780226784380","price":33.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226784380.jpg?v=1730469785"},{"product_id":"acts-of-god-and-man-9780231153676","title":"Acts of God and Man","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":49400255152471,"sku":"9780231153676","price":25.2,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231153676.jpg?v=1730470196"},{"product_id":"morals-and-markets-9780231183352","title":"Morals and Markets","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eFirst published in 1979, \u003ci\u003eMorals and Markets\u003c\/i\u003e Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA milestone that launched two major areas of research: on the morality of economic action (a topic central to Adam Smith but abandoned by his successors); and on the normalization and institutionalization of new economic forms. As America debates the moral dimensions of health insurance, and as the world copes with the rise of bitcoin and other private currencies, this classic study, graced by impeccable research and stunning insights, has never been more relevant. -- Paul DiMaggio, New York University Viviana Zelizer has revolutionized thinking about the modern economy. While Polanyi offered an asterisk to history by detailing how the British elite was convinced to relinquish its moral responsibility for peasants and accept a market for free labor, Zelizer shows how makers of all kinds of new markets have to build moral underpinnings. Morals and Markets will never go out of style. -- Frank Dobbin, Harvard University Life insurance seemed like such a simple and obvious product, until Zelizer pointed out that it is not. When we learn that it was once shameful to purchase what is now a moral obligation, we are brought up short by the shifting social and symbolic content of consumption. There are rewarding revelations in every chapter of this groundbreaking work. -- Mark Granovetter, Stanford University This book is as fresh in its argument and creative approach as when it originally appeared in 1979. The argument is both sociologically and existentially relevant, as in all of Zelizer's work. The approach can be characterized as a skillful and unique way of theorizing in economic sociology that draws equally on values and social relations. Morals and Markets is a gem and a classic. -- Richard Swedberg, Cornell University\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword\u003cbr\u003eAcknowledgments\u003cbr\u003eIntroduction\u003cbr\u003e1. Historical and Economic Background\u003cbr\u003e2. The Persistent Puzzle\u003cbr\u003e3. A Comparative Perspective\u003cbr\u003e4. The Impact of Values and Ideologies on the Adoption of Social Innovations: Life Insurance and Death\u003cbr\u003e5. Life, Chance, and Destiny\u003cbr\u003e6. Marketing Life: Moral Persuasion and Business Enterprise\u003cbr\u003e7. The Life Insurance Agent: Problems in Occupational Prestige and Professionalization\u003cbr\u003eConclusions\u003cbr\u003eNotes\u003cbr\u003eSelected Bibliography\u003cbr\u003eIndex","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":49400320131415,"sku":"9780231183352","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231183352.jpg?v=1730470379"},{"product_id":"underwater-9780231190275","title":"Underwater","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eRebecca Elliott explores how families, communities, and governments confront problems of loss as the climate changes. She offers the first in-depth account of the politics and social effects of the U.S. National Flood Insurance Program, in an incisive consideration of the dilemmas of moral economy underlying insurance.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eIn this essential book, Rebecca Elliott narrates the history of the individualization of risk through an unlikely lens: the de-mutualization of flood insurance in the United States. As rising global temperatures wreak havoc on the climate, those living in the path of storms are increasingly left to deal with the consequences on their own. This is a rich and deeply human story about people and organizations going underwater, learning to make sense of loss and to become ‘resilient’—until the next wave. -- Marion Fourcade, author of \u003ci\u003eEconomists and Societies: Discipline and Profession in the United States, Britain, and France, 1890s to 1990s\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eUnderwater\u003c\/i\u003e is a masterpiece of social and historical analysis, revealing the increasingly powerful and contested role of the insurance industry—through its rationalities, technologies, and moral economy—in an age of climate crisis. It opens on the impossible decision so many of us facing climate-driven catastrophes in the places we live must now make: to retreat or to remain.  As Elliot shows in incisive, often painful detail, these decisions force us to reckon with multiple forms of loss—some measured in our ties to buildings, communities, landscapes, and ways of life, others in the dollar amounts of our insurance coverage and housing investments. These vital reckonings, meanwhile, differ depending on where we live, whether we own our homes, and how 'deserving' we are perceived to be—all variables profoundly shaped by race and class.  Elliott compellingly situates these struggles within an emergent 'politics of loss'—itself the flip-side of ever more inadequate politics of sustainability.  Disparities and precarities driven both by policy and escalating hazard have ushered in an engaged, often enraged 'climate public,' and wrought havoc in the insurance industry itself.  Through this brilliant, moving, and elegantly written analysis, we see a space opening for radical reimagining. What if we reject the devolution of risk and individualizing logics of insurance and housing markets, and recognize our collective interdependence? Elliott leaves us with a crucial understanding: there can be no safer ground if we go it alone. -- Miriam Greenberg, coauthor of \u003ci\u003eCrisis Cities: Disaster and Redevelopment in New York and New Orleans\u003c\/i\u003e\u003cbr\u003eIn this lucidly written and brilliantly argued book, Rebecca Elliott takes us from the flooded basements of victims of Hurricane Sandy in New York—and we could add the West Coast aflame as I write—to a powerful cultural conflict standing between us and an urgently needed fix. Flood insurance. Premium costs. Risk classification. Zoning. Building standards. Buried in the ‘administrative decisions’ within each realm are momentous questions. Should the government step out and leave owners with deeply devalued homes, ‘free’ to rebuild at their own risk? Or, on the other hand, should the government bear the cost of climate denial when financial obligations spike high and flames and floods are upon us? This is a highly important book arriving at a crucial hour. Read it and pass it on. -- Arlie Russell Hochschild, author of \u003ci\u003eStrangers in Their Own Land: Anger and Mourning on the American Right\u003c\/i\u003e, a finalist for the National Book Award\u003cbr\u003e\u003ci\u003eUnderwater\u003c\/i\u003e is a tragically timely, subtly scary, and completely essential book about living with loss in a climate-changed world. Elliott brings a sophisticated sociological perspective and a compassionate ethnographic eye to debates over how we protect ourselves and our neighbors as the ground shifts beneath our feet. A major contribution. -- Eric Klinenberg, author of \u003ci\u003ePalaces for the People: How Social Infrastructure Can Help Fight Inequality, Polarization, and the Decline of Civic Life\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eUnderwater\u003c\/i\u003e explores how Americans directly affected by storms like Hurricane Sandy have been forced to confront the impact climate change has on their homes, families, and communities. This path-breaking study shows that the terrain of these discussions, centered on struggles over arcane issues like insurance and flood maps, raises deeply political and moral questions about who should pay for and be responsible for the impacts of what will certainly be steadily worsening events. -- Neil Fligstein, University of California, Berkeley\u003cbr\u003eThere is clearly a lot here for economic sociologists, as well as for scholars of natural disasters, cities and the built environment, and risk and insurance. * American Journal of Sociology *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAcknowledgments\u003cbr\u003eTimeline of Events\u003cbr\u003eIntroduction: Insurance and the Problem of Loss in a Climate-Changed United States\u003cbr\u003e1. Transforming the Management of Loss: The Origins of the National Flood Insurance Program\u003cbr\u003e2. Losing Ground: Values at Risk in an American Floodplain\u003cbr\u003e3. Visions of Loss: Knowing and Pricing Flood Risk\u003cbr\u003e4. Shifting Responsibilities for Loss: National Reform of Flood Insurance\u003cbr\u003e5. Floodplain Futures: Trajectories of Loss\u003cbr\u003eConclusion: What Do We Have to Lose?\u003cbr\u003eMethodological Appendix\u003cbr\u003eNotes\u003cbr\u003eIndex","brand":"Columbia University Press","offers":[{"title":"Default Title","offer_id":49400336810327,"sku":"9780231190275","price":23.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780231190275.jpg?v=1730470425"},{"product_id":"icd10cmpcs-coding-theory-and-practice-20232024-edition-9780323874052","title":"ICD10CMPCS Coding Theory and Practice 20232024","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1 The Rationale for and History of Coding 2 The Health Record as the Foundation of Coding 3 ICD-10-CM Format and Conventions 4 Basic Steps of Coding 5 General Coding Guidelines for Diagnosis 6 Introduction to ICD-10-PCS 7 General Coding Guidelines for Other Medical- and Surgical-Related Procedures and Ancillary Procedures 8 Coding Medical and Surgical Procedures 9 Symptoms, Signs, and Abnormal Clinical and Laboratory Findings Not Elsewhere Classified, and Z Codes (ICD-10-CM Chapters 18 and 21, Codes R00-R99, Z00-Z99) 10 Certain Infectious and Parasitic Diseases (ICD-10-CM Chapters 1 and 22, Codes A00-B99, U07.1, U09.9) 11 Neoplasms (ICD-10-CM Chapter 2, Codes C00-D49) 12 Diseases of the Blood and Blood-Forming Organs and Certain Disorders Involving the Immune Mechanism (ICD-10-CM Chapter 3, Codes D50-D89) 13 Endocrine, Nutritional, and Metabolic Diseases (ICD-10-CM Chapter 4, Codes E00-E89) 14 Mental, Behavioral, and Neurodevelopmental Disorders (ICD-10-CM Chapter 5, Codes F01-F99) 15 Diseases of the Nervous System, Diseases of the Eye and Adnexa, and Diseases of the Ear and Mastoid Process (ICD-10-CM Chapter 6, Codes G00-G99, Chapter 7,Codes H00-H59, and Chapter 8, Codes H60-H95) 16 Diseases of the Circulatory System (ICD-10-CM Chapter 9, Codes I00-I99) 17 Diseases of the Respiratory System (ICD-10-CM Chapters 10 and 22, Codes J00-J99, U07.0) 18 Diseases of the Digestive System (ICD-10-CM Chapter 11, Codes K00-K95) 19 Diseases of the Skin and Subcutaneous Tissue (ICD-10-CM Chapter 12, Codes L00-L99) 20 Diseases of the Musculoskeletal System and Connective Tissue (ICD-10-CM Chapter 13, Codes M00-M99) 21 Diseases of the Genitourinary System (ICD-10-CM Chapter 14, Codes N00-N99) 22 Pregnancy, Childbirth, and the Puerperium (ICD-10-CM Chapter 15, Codes O00-O9A) 23 Certain Conditions Originating in the Perinatal Period, and Congenital Malformations, Deformations, and Chromosomal Abnormalities (ICD-10-CM Chapter 16, Codes P00-P96 and Chapter 17, Codes Q00-Q99) 24 Injury and Certain Other Consequences of External Causes and External Causes of Morbidity (ICD-10-CM Chapter 19, Codes S00-T88 and Chapter 20, Codes V00-Y99) 25 Burns, Adverse Effects, and Poisonings (ICD-10-CM Chapters 19 and 20, Codes S00-Y99) 26 Complications of Surgical and Medical Care GLOSSARY ABBREVIATIONS\/ACRONYMS ILLUSTRATION CREDITS INDEX","brand":"Elsevier - Health Sciences Division","offers":[{"title":"Default Title","offer_id":49401775653207,"sku":"9780323874052","price":71.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780323874052.jpg?v=1730478493"},{"product_id":"20-chance-of-rain-9780470592410","title":"20 Chance of Rain","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThere are plenty of books on specialized risk topics but few that deal with the broad diversity and daily applicability of this subject. Risk applications require a robust knowledge of many attributes of this seemingly simple subject. This book teaches the reader through examples and case studies the fundamental (and subtle) aspects of risk - regardless of the specific situation. The text allows the reader to understand the concept of risk analysis while not getting too involved in the mathematics; in this method the reader can apply these techniques across a wide range of situations.  \u003cp\u003eThe second edition includes new examples from NASA and several other industries as well as new case studies from legal databases. The many real-life discussion topics enable the reader to form an understanding of the concepts of risk and risk management and apply them to day-to-day issues.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e1. Risk: Life’s Question Mark 1\u003c\/p\u003e \u003cp\u003e2. Measurement: The Alchemist’s Base 15\u003c\/p\u003e \u003cp\u003e3. Statistics: Numbers Looking for an Argument 41\u003c\/p\u003e \u003cp\u003e4. The Value of Life and Limb, Statistically Speaking 69\u003c\/p\u003e \u003cp\u003e5. The Evolution of Risk 93\u003c\/p\u003e \u003cp\u003e6. Frequency and Severity: Weighing the Risk 107\u003c\/p\u003e \u003cp\u003e7. What’s in a Risk? Perception Creates Risk Reality 128\u003c\/p\u003e \u003cp\u003e8. Risk, Regulation, and Reason 151\u003c\/p\u003e \u003cp\u003e9. Earth, Air, and Water: The Not-So-Bare Essentials 176\u003c\/p\u003e \u003cp\u003e10. Food . . . for Thought 210\u003c\/p\u003e \u003cp\u003e11. Flying: The Not-So-Wild Blue Yonder 249\u003c\/p\u003e \u003cp\u003e12. Risk on the Roads 278\u003c\/p\u003e \u003cp\u003e13. An Incomplete List of Life’s Risks 315\u003c\/p\u003e \u003cp\u003eIndex 337\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402372620631,"sku":"9780470592410","price":37.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470592410.jpg?v=1730480199"},{"product_id":"developing-validating-and-using-internal-ratings-9780470711491","title":"Developing Validating and Using Internal Ratings","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book provides a thorough analysis of internal rating systems. Two case studies are devoted to building and validating statistical-based models for borrowers' ratings, using SPSS-PASW and SAS statistical packages. Mainstream approaches to building and validating models for assigning counterpart ratings to small and medium enterprises are discussed, together with their implications on lending strategy. \u003cp\u003eKey Features:\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePresents an accessible framework for bank managers, students and quantitative analysts, combining strategic issues, management needs, regulatory requirements and statistical bases.\u003c\/li\u003e \u003cli\u003eDiscusses available methodologies to build, validate and use internal rate models.\u003c\/li\u003e \u003cli\u003eDemonstrates how to use statistical packages for building statistical-based credit rating systems.\u003c\/li\u003e \u003cli\u003eEvaluates sources of model risks and strategic risks when using statistical-based rating systems in lending.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis book will prove to be of great value to ban\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAbout the authors xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The emergence of credit ratings tools 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Classifications and key concepts of credit risk 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Classification 5\u003c\/p\u003e \u003cp\u003e2.1.1 Default mode and value-based valuations 5\u003c\/p\u003e \u003cp\u003e2.1.2 Default risk 6\u003c\/p\u003e \u003cp\u003e2.1.3 Recovery risk 7\u003c\/p\u003e \u003cp\u003e2.1.4 Exposure risk 8\u003c\/p\u003e \u003cp\u003e2.2 Key concepts 8\u003c\/p\u003e \u003cp\u003e2.2.1 Expected losses 8\u003c\/p\u003e \u003cp\u003e2.2.2 Unexpected losses, VAR, and concentration risk 9\u003c\/p\u003e \u003cp\u003e2.2.3 Risk adjusted pricing 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Rating assignment methodologies 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 17\u003c\/p\u003e \u003cp\u003e3.2 Experts-based approaches 19\u003c\/p\u003e \u003cp\u003e3.2.1 Structured experts-based systems 19\u003c\/p\u003e \u003cp\u003e3.2.2 Agencies’ ratings 22\u003c\/p\u003e \u003cp\u003e3.2.3 From borrower ratings to probabilities of default 26\u003c\/p\u003e \u003cp\u003e3.2.4 Experts-based internal ratings used by banks 31\u003c\/p\u003e \u003cp\u003e3.3 Statistical-based models 32\u003c\/p\u003e \u003cp\u003e3.3.1 Statistical-based classification 32\u003c\/p\u003e \u003cp\u003e3.3.2 Structural approaches 34\u003c\/p\u003e \u003cp\u003e3.3.3 Reduced form approaches 38\u003c\/p\u003e \u003cp\u003e3.3.4 Statistical methods: linear discriminant analysis 41\u003c\/p\u003e \u003cp\u003e3.3.5 Statistical methods: logistic regression 54\u003c\/p\u003e \u003cp\u003e3.3.6 From partial ratings modules to the integrated model 58\u003c\/p\u003e \u003cp\u003e3.3.7 Unsupervised techniques for variance reduction and variables’ association 60\u003c\/p\u003e \u003cp\u003e3.3.8 Cash flow simulations 73\u003c\/p\u003e \u003cp\u003e3.3.9 A synthetic vision of quantitative-based statistical models 76\u003c\/p\u003e \u003cp\u003e3.4 Heuristic and numerical approaches 77\u003c\/p\u003e \u003cp\u003e3.4.1 Expert systems 78\u003c\/p\u003e \u003cp\u003e3.4.2 Neural networks 81\u003c\/p\u003e \u003cp\u003e3.4.3 Comparison of heuristic and numerical approaches 85\u003c\/p\u003e \u003cp\u003e3.5 Involving qualitative information 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Developing a statistical-based rating system 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 The process 93\u003c\/p\u003e \u003cp\u003e4.2 Setting the model’s objectives and generating the dataset 96\u003c\/p\u003e \u003cp\u003e4.2.1 Objectives and nature of data to be collected 96\u003c\/p\u003e \u003cp\u003e4.2.2 The time frame of data 96\u003c\/p\u003e \u003cp\u003e4.3 Case study: dataset and preliminary analysis 97\u003c\/p\u003e \u003cp\u003e4.3.1 The dataset: an overview 97\u003c\/p\u003e \u003cp\u003e4.3.2 Duplicate cases analysis 103\u003c\/p\u003e \u003cp\u003e4.3.3 Missing values analysis 104\u003c\/p\u003e \u003cp\u003e4.3.4 Missing value treatment 107\u003c\/p\u003e \u003cp\u003e4.3.5 Other preliminary overviews 109\u003c\/p\u003e \u003cp\u003e4.4 Defining an analysis sample 114\u003c\/p\u003e \u003cp\u003e4.4.1 Rationale for splitting the dataset into an analysis sample and a validation sample 114\u003c\/p\u003e \u003cp\u003e4.4.2 How to split the dataset into an analysis sample and a validation sample 114\u003c\/p\u003e \u003cp\u003e4.5 Univariate and bivariate analyses 116\u003c\/p\u003e \u003cp\u003e4.5.1 Indicators’ economic meanings, working hypotheses and structural monotonicity 117\u003c\/p\u003e \u003cp\u003e4.5.2 Empirical assessment of working hypothesis 130\u003c\/p\u003e \u003cp\u003e4.5.3 Normality and homogeneity of variance 137\u003c\/p\u003e \u003cp\u003e4.5.4 Graphical analysis 140\u003c\/p\u003e \u003cp\u003e4.5.5 Discriminant power 145\u003c\/p\u003e \u003cp\u003e4.5.6 Empirical monotonicity 157\u003c\/p\u003e \u003cp\u003e4.5.7 Correlations 160\u003c\/p\u003e \u003cp\u003e4.5.8 Analysis of outliers 162\u003c\/p\u003e \u003cp\u003e4.5.9 Transformation of indicators 164\u003c\/p\u003e \u003cp\u003e4.5.10 Summary table of indicators and short listing 177\u003c\/p\u003e \u003cp\u003e4.6 Estimating a model and assessing its discriminatory power 184\u003c\/p\u003e \u003cp\u003e4.6.1 Steps and case study simplifications 184\u003c\/p\u003e \u003cp\u003e4.6.2 Linear discriminant analysis 185\u003c\/p\u003e \u003cp\u003e4.6.3 Logistic regression 210\u003c\/p\u003e \u003cp\u003e4.6.4 Refining models 216\u003c\/p\u003e \u003cp\u003e4.7 From scores to ratings and from ratings to probabilities of default 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Validating rating models 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Validation profiles 237\u003c\/p\u003e \u003cp\u003e5.2 Roles of internal validation units 239\u003c\/p\u003e \u003cp\u003e5.3 Qualitative and quantitative validation 241\u003c\/p\u003e \u003cp\u003e5.3.1 Qualitative validation 242\u003c\/p\u003e \u003cp\u003e5.3.2 Quantitative validation 249\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Case study: Validating PanAlp Bank’s statistical-based rating system for financial institutions 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Case study objectives and context 257\u003c\/p\u003e \u003cp\u003e6.2 The ‘Development report’ for the validation unit 258\u003c\/p\u003e \u003cp\u003e6.2.1 Shadow rating approach for financial institutions 258\u003c\/p\u003e \u003cp\u003e6.2.2 Missing value analysis 259\u003c\/p\u003e \u003cp\u003e6.2.3 Interpreting financial ratios for financial institutions and setting working hypotheses 260\u003c\/p\u003e \u003cp\u003e6.2.4 Monotonicity 263\u003c\/p\u003e \u003cp\u003e6.2.5 Analysis of means 263\u003c\/p\u003e \u003cp\u003e6.2.6 Assessing normality of distributions: histograms and normal Q–Q plots 263\u003c\/p\u003e \u003cp\u003e6.2.7 Box plots analysis 266\u003c\/p\u003e \u003cp\u003e6.2.8 Normality tests 267\u003c\/p\u003e \u003cp\u003e6.2.9 Homogeneity of variance tests 269\u003c\/p\u003e \u003cp\u003e6.2.10 F-ratio and F-Test 270\u003c\/p\u003e \u003cp\u003e6.2.11 ROC curves 270\u003c\/p\u003e \u003cp\u003e6.2.12 Correlations 270\u003c\/p\u003e \u003cp\u003e6.2.13 Outliers 270\u003c\/p\u003e \u003cp\u003e6.2.14 Short listing and linear discriminant analysis 272\u003c\/p\u003e \u003cp\u003e6.3 The ‘Validation report’ by the validation unit 274\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Ratings usage opportunities and warnings 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Internal ratings: critical to credit risk management 285\u003c\/p\u003e \u003cp\u003e7.2 Internal ratings assignment trends 289\u003c\/p\u003e \u003cp\u003e7.3 Statistical-based ratings and regulation: conflicting objectives? 291\u003c\/p\u003e \u003cp\u003e7.4 Statistical-based ratings and customers: needs and fears 295\u003c\/p\u003e \u003cp\u003e7.5 Limits of statistical-based ratings 298\u003c\/p\u003e \u003cp\u003e7.6 Statistical-based ratings and the theory of financial intermediation 305\u003c\/p\u003e \u003cp\u003e7.7 Statistical-based ratings usage: guidelines 310\u003c\/p\u003e \u003cp\u003eBibliography 315\u003c\/p\u003e \u003cp\u003eIndex 321\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402415972695,"sku":"9780470711491","price":71.06,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470711491.jpg?v=1730480332"},{"product_id":"reinsurance-9780470772683","title":"Reinsurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhile the literature on reinsurance is vast, there is currently no comprehensive treatment of the major actuarial and financial aspects of the subject. Many publications deal with specific aspects of the theory without putting them into a proper perspective. Reinsurance: Actuarial and Statistical Aspects treats the topic differently.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 What is Reinsurance? 1\u003c\/p\u003e \u003cp\u003e1.2 Why Reinsurance? 2\u003c\/p\u003e \u003cp\u003e1.3 Reinsurance Data 4\u003c\/p\u003e \u003cp\u003e1.3.1 Case Study I: Motor Liability Data 5\u003c\/p\u003e \u003cp\u003e1.3.2 Case Study II: Dutch Fire Insurance Data 10\u003c\/p\u003e \u003cp\u003e1.3.3 Case Study III: Austrian Storm Claim Data 10\u003c\/p\u003e \u003cp\u003e1.3.4 Case Study IV: European Flood Risk Data 11\u003c\/p\u003e \u003cp\u003e1.3.5 Case Study V: Groningen Earthquakes 12\u003c\/p\u003e \u003cp\u003e1.3.6 Case Study VI: Danish Fire Insurance Data 12\u003c\/p\u003e \u003cp\u003e1.4 Notes and Bibliography 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Reinsurance Forms and their Properties 19 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Quota-share Reinsurance 19\u003c\/p\u003e \u003cp\u003e2.1.1 Some Practical Considerations 20\u003c\/p\u003e \u003cp\u003e2.2 Surplus Reinsurance 21\u003c\/p\u003e \u003cp\u003e2.3 Excess-of-loss Reinsurance 24\u003c\/p\u003e \u003cp\u003e2.3.1 Moment Calculations 25\u003c\/p\u003e \u003cp\u003e2.3.2 Reinstatements 27\u003c\/p\u003e \u003cp\u003e2.3.3 Further Practical Considerations 29\u003c\/p\u003e \u003cp\u003e2.4 Stop-loss Reinsurance 30\u003c\/p\u003e \u003cp\u003e2.5 Large Claim Reinsurance 31\u003c\/p\u003e \u003cp\u003e2.6 Combinations of Reinsurance Forms and Global Protections 32\u003c\/p\u003e \u003cp\u003e2.7 Facultative Contracts 33\u003c\/p\u003e \u003cp\u003e2.8 Notes and Bibliography 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Models for Claim Sizes 35 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Tails of Distributions 35\u003c\/p\u003e \u003cp\u003e3.2 Large Claims 36\u003c\/p\u003e \u003cp\u003e3.3 Common Claim Size Distributions 40\u003c\/p\u003e \u003cp\u003e3.3.1 Light-tailed Models 41\u003c\/p\u003e \u003cp\u003e3.3.2 Heavy-tailed Models 44\u003c\/p\u003e \u003cp\u003e3.4 Mean Excess Analysis 49\u003c\/p\u003e \u003cp\u003e3.5 Full Models: Splicing 50\u003c\/p\u003e \u003cp\u003e3.6 Multivariate Modelling of Large Claims 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Statistics for Claim Sizes 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Heavy or Light Tails: QQ- and Derivative Plots 60\u003c\/p\u003e \u003cp\u003e4.2 Large Claims Modelling through Extreme Value Analysis\u003c\/p\u003e \u003cp\u003eEVA for Pareto-type Tails 63\u003c\/p\u003e \u003cp\u003e4.2.1 EVA for Pareto-type Tails 63\u003c\/p\u003e \u003cp\u003e4.2.2 General Tail Modelling using EVA 82\u003c\/p\u003e \u003cp\u003e4.2.3 EVA under Upper-truncation 91\u003c\/p\u003e \u003cp\u003e4.3 Global Fits: Splicing, Upper-truncation and Interval Censoring 97\u003c\/p\u003e \u003cp\u003e4.3.1 Tail-mixed Erlang Splicing 97\u003c\/p\u003e \u003cp\u003e4.3.2 Tail-mixed Erlang Splicing under Censoring and Upper-truncation 99\u003c\/p\u003e \u003cp\u003e4.4 Incorporating Covariate Information 114\u003c\/p\u003e \u003cp\u003e4.4.1 Pareto-type Modelling 114\u003c\/p\u003e \u003cp\u003e4.4.2 Generalized Pareto Modelling 116\u003c\/p\u003e \u003cp\u003e4.4.3 Regression Extremes with Censored Data 119\u003c\/p\u003e \u003cp\u003e4.5 Multivariate Analysis of Claim Distributions 123\u003c\/p\u003e \u003cp\u003e4.5.1  The Multivariate POT Approach 124\u003c\/p\u003e \u003cp\u003e4.5.2 Multivariate Mixtures of Erlangs 125\u003c\/p\u003e \u003cp\u003e4.6 Estimation of Other Tail Characteristics 128\u003c\/p\u003e \u003cp\u003e4.7 Further Case Studies 132\u003c\/p\u003e \u003cp\u003e4.8 Notes and Bibliography 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Models for Claim Counts 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 General Treatment 139\u003c\/p\u003e \u003cp\u003e5.1.1 Main Properties of the Claim Number Process 140\u003c\/p\u003e \u003cp\u003e5.2 The Poisson Process and its Extensions 141\u003c\/p\u003e \u003cp\u003e5.2.1 The Homogeneous Poisson Process 141\u003c\/p\u003e \u003cp\u003e5.2.2 Inhomogeneous Poisson Processes 143\u003c\/p\u003e \u003cp\u003e5.2.3 Mixed Poisson Processes 144\u003c\/p\u003e \u003cp\u003e5.2.4 Doubly Stochastic Poisson Processes 149\u003c\/p\u003e \u003cp\u003e5.3 Other Claim Number Processes 157\u003c\/p\u003e \u003cp\u003e5.3.1 The Nearly Mixed Poisson Model 157\u003c\/p\u003e \u003cp\u003e5.3.2 Infinitely Divisible Processes 158\u003c\/p\u003e \u003cp\u003e5.3.3 The Renewal Model 160\u003c\/p\u003e \u003cp\u003e5.3.4 Markov Models 161\u003c\/p\u003e \u003cp\u003e5.4 Discrete Claim Counts 161\u003c\/p\u003e \u003cp\u003e5.5 Statistics of Claim Counts 164\u003c\/p\u003e \u003cp\u003e5.5.1 Modelling Yearly Claim Counts 164\u003c\/p\u003e \u003cp\u003e5.5.2 Modelling the Claim Arrival Process 172\u003c\/p\u003e \u003cp\u003e5.6  Claim Numbers under Reinsurance 183\u003c\/p\u003e \u003cp\u003e5.6.1  Number of Claims under Excess-loss Reinsurance 183\u003c\/p\u003e \u003cp\u003e5.7Notes and Bibliography 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Total Claim Amount 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 General Formulas for Aggregating Independent Risks 189\u003c\/p\u003e \u003cp\u003e6.2 Classical Approximations for the Total Claim Size 191\u003c\/p\u003e \u003cp\u003e6.2.1 Approximations based on the First Few Moments 191\u003c\/p\u003e \u003cp\u003e6.2.2 Asymptotic Approximations for Light-tailed Claims 193\u003c\/p\u003e \u003cp\u003e6.2.3 Asymptotic Approximations for Heavy-tailed Claims 198\u003c\/p\u003e \u003cp\u003e6.3 Panjer Recursion 199\u003c\/p\u003e \u003cp\u003e6.4 Fast Fourier Transform 200\u003c\/p\u003e \u003cp\u003e6.5 Total Claim Amount under Reinsurance 201\u003c\/p\u003e \u003cp\u003e6.5.1 Proportional Reinsurance 201\u003c\/p\u003e \u003cp\u003e6.5.2 Excess-loss Reinsurance 202\u003c\/p\u003e \u003cp\u003e6.5.3 Stop-loss Reinsurance 204\u003c\/p\u003e \u003cp\u003e6.6 Numerical Illustrations 206\u003c\/p\u003e \u003cp\u003e6.7 Aggregation for Dependent Risks 208\u003c\/p\u003e \u003cp\u003e6.8 Notes and Bibliography 212\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Reinsurance Pricing 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Classical Principles of Premium Calculation 219\u003c\/p\u003e \u003cp\u003e7.2 Solvency Considerations 219\u003c\/p\u003e \u003cp\u003e7.2.1 The Ruin Probability 223\u003c\/p\u003e \u003cp\u003e7.2.2 One-year Time Horizon and Cost of Capital 226\u003c\/p\u003e \u003cp\u003e7.3 Pricing Proportional Reinsurance 228\u003c\/p\u003e \u003cp\u003e7.4 Pricing Non-proportional Reinsurance 229\u003c\/p\u003e \u003cp\u003e7.4.1 Exposure Rating 229\u003c\/p\u003e \u003cp\u003e7.4.2 Experience Rating 232\u003c\/p\u003e \u003cp\u003e7.4.3 Aggregate Pure Premium 234\u003c\/p\u003e \u003cp\u003e7.5 The Aggregate Risk Margin 235\u003c\/p\u003e \u003cp\u003e7.6 Leading and Following Reinsurers 237\u003c\/p\u003e \u003cp\u003e7.7 Notes and Bibliography 238\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Choice of Reinsurance 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Decision Criteria 243\u003c\/p\u003e \u003cp\u003e8.2 Classical Optimality Results 245\u003c\/p\u003e \u003cp\u003e8.2.1 Pareto-optimal Risk Sharing 245\u003c\/p\u003e \u003cp\u003e8.2.2 Stochastic Ordering 247\u003c\/p\u003e \u003cp\u003e8.2.3 Minimizing Retained Variance 248\u003c\/p\u003e \u003cp\u003e8.2.4 Maximizing Expected Utility 251\u003c\/p\u003e \u003cp\u003e8.2.5 Minimizing the Ruin Probability 253\u003c\/p\u003e \u003cp\u003e8.2.6 Combining Reinsurance Treaties over Subportfolios\u003c\/p\u003e \u003cp\u003e8.3 Solvency Constraints and Cost of Capital 259\u003c\/p\u003e \u003cp\u003e8.4 Minimizing Other Risk Measures 261\u003c\/p\u003e \u003cp\u003e8.5 Combining Reinsurance Treaties 262\u003c\/p\u003e \u003cp\u003e8.6 Reinsurance Chains 263\u003c\/p\u003e \u003cp\u003e8.7 Dynamic Reinsurance 264\u003c\/p\u003e \u003cp\u003e8.8 Beyond Piecewise Linear Contracts 266\u003c\/p\u003e \u003cp\u003e8.9 Notes and Bibliography 268\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Simulation 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 The Monte Carlo Method 273\u003c\/p\u003e \u003cp\u003e9.2 Variance Reduction Techniques 276\u003c\/p\u003e \u003cp\u003e9.2.1 Conditional Monte Carlo 277\u003c\/p\u003e \u003cp\u003e9.2.2 Importance Sampling 277\u003c\/p\u003e \u003cp\u003e9.3 Quasi-Monte Carlo Techniques 283\u003c\/p\u003e \u003cp\u003e9.4 Notes and Bibliography 288\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Further Topics 291 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 More on Large Claim Reinsurance 291\u003c\/p\u003e \u003cp\u003e10.1.1 The Ordered Claims 291\u003c\/p\u003e \u003cp\u003e10.1.2 Large Claim Reinsurance 296\u003c\/p\u003e \u003cp\u003e10.1.3 ECOMOR 298\u003c\/p\u003e \u003cp\u003e10.2 Alternative Risk Transfer 300\u003c\/p\u003e \u003cp\u003e10.2.1 Notes and Bibliography 304\u003c\/p\u003e \u003cp\u003e10.3 Reinsurance and Finance 305\u003c\/p\u003e \u003cp\u003e10.4 Catastrophic Risk 306\u003c\/p\u003e \u003cp\u003eReferences 309\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402429145431,"sku":"9780470772683","price":63.86,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470772683.jpg?v=1730480372"},{"product_id":"the-100-best-annuities-you-can-buy-9780471010258","title":"The 100 Best Annuities You Can Buy","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eComplete profiles of today's most successful annuities. Expert tips on how to maximize your returns.   Variable annuities now outpace mutual funds as the number one choice among street-smart investors--and it's easy to see why.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eALL ABOUT ANNUITIES.\u003cbr\u003e \u003cbr\u003e What Is a Variable Annuity?.\u003cbr\u003e \u003cbr\u003e How an Annuity Works.\u003cbr\u003e \u003cbr\u003e How to Invest in a Variable Annuity.\u003cbr\u003e \u003cbr\u003e Reading a Variable Annuity Prospectus.\u003cbr\u003e \u003cbr\u003e THE 100 BEST SUBACCOUNTS.\u003cbr\u003e \u003cbr\u003e How the 100 Best Subaccounts Were Determined.\u003cbr\u003e \u003cbr\u003e About the 100 Best Subaccounts.\u003cbr\u003e \u003cbr\u003e Aggressive Growth Subaccounts.\u003cbr\u003e \u003cbr\u003e Balanced Subaccounts.\u003cbr\u003e \u003cbr\u003e Corporate Bond Subaccounts.\u003cbr\u003e \u003cbr\u003e Global Stock Subaccounts.\u003cbr\u003e \u003cbr\u003e Government Bond Subaccounts.\u003cbr\u003e \u003cbr\u003e Growth Subaccounts.\u003cbr\u003e \u003cbr\u003e Growth and Income Subaccounts.\u003cbr\u003e \u003cbr\u003e High-Yield Bond Subaccounts.\u003cbr\u003e \u003cbr\u003e Metals Subaccounts.\u003cbr\u003e \u003cbr\u003e Specialty Subaccounts.\u003cbr\u003e \u003cbr\u003e Utility Stock Subaccounts.\u003cbr\u003e \u003cbr\u003e World Bond Subaccounts.\u003cbr\u003e \u003cbr\u003e Glossary of Annuity Terms.\u003cbr\u003e \u003cbr\u003e About the Author.","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402476626263,"sku":"9780471010258","price":22.94,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780471010258.jpg?v=1730480520"},{"product_id":"stochastic-processes-for-insurance-and-finance-9780471959250","title":"Stochastic Processes for Insurance and Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eStochastic Processes for Insurance and Finance offers a thorough yet accessible reference for researchers and practitioners of insurance mathematics. Building on recent and rapid developments in applied probability, the authors describe in general terms models based on Markov processes, martingales and various types of point processes.\u003cbr\u003e Discussing frequently asked insurance questions, the authors present a coherent overview of the subject and specifically address:\u003cbr\u003e  The principal concepts from insurance and finance\u003cbr\u003e  Practical examples with real life data\u003cbr\u003e  Numerical and algorithmic procedures essential for modern insurance practices\u003cbr\u003e Assuming competence in probability calculus, this book will provide a fairly rigorous treatment of insurance risk theory recommended for researchers and students interested in applied probability as well as practitioners of actuarial sciences.\u003cbr\u003e \u003cbr\u003e Wiley Series in Probability and Statistics\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"...an excellent text...\"  -- Australian \u0026amp; New Zealand Journal of Statistics\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eTable of Contents:\u003cbr\u003e Concepts from Insurance and Finance.\u003cbr\u003e Probability Distributions. \u003cbr\u003e Premiums and Ordering of Risks. \u003cbr\u003e Distributions of Aggregate Claim Amount. \u003cbr\u003e Risk Processes. \u003cbr\u003e Renewal Processes and Random Walks. \u003cbr\u003e Markov Chains. \u003cbr\u003e Continuous-Time Markov Models. \u003cbr\u003e Martingale Techniques I. \u003cbr\u003e Martingale Techniques II. \u003cbr\u003e Piecewise Deterministic Markov Processes. \u003cbr\u003e Point Processes. \u003cbr\u003e Diffusion Models. \u003cbr\u003e Distribution Tables. \u003cbr\u003e References. \u003cbr\u003e \u003cbr\u003e    Index.","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402693845335,"sku":"9780471959250","price":176.36,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780471959250.jpg?v=1730481258"},{"product_id":"ultimate-price-the-value-we-place-on-life-9780520343221","title":"Ultimate Price The Value We Place on Life","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“Timely — and, frankly, sometimes shocking. . . . \u003ci\u003eUltimate Price\u003c\/i\u003e exposes a system rife with troubling assumptions and inequality that reduces each human to a data point. Well-written and readable, the book avoids being overly academic while still presenting a meticulously researched argument of why we all should take the time to understand how our own lives are priced.” * BuzzFeed *\u003cbr\u003e“Price tags on human lives are everywhere.” -- Kai Ryssdal, * Marketplace *\u003cbr\u003e“Should be required reading for anyone sitting down to watch the evening news.\" * New Books Network *\u003cbr\u003e\"To ration resources and seek to re-open businesses, accountants have to assign price tags to life. . . .  In \u003ci\u003eUltimate Price\u003c\/i\u003e, a detailed analysis of how government organisations and corporations define the monetary value of human life, Howard Friedman tours the uncomfortable architecture of this calculus.\" * The Spectator *\u003cbr\u003e\"Friedman argues that we must devise more equitable ways to assign value to human life. . . . Readers are exhorted to understand how lives are priced so that they might demand better formulas.\" * Science *\u003cbr\u003e“Provides a concise review of some of the scientific literature on valuing life including some of the moral issues one must consider when making these judgments. . . . Certainly worth a read for those looking to learn more on this interesting topic.” * Healthcare Economist *\u003cbr\u003e\"Very clear and well-informed. It has loads of thought-provoking examples.\"\u2028\u003cbr\u003e   * Enlightened Economist *\u003cbr\u003e“Looks deeply into the structurally problematic factors that impact the price tags Americans are given for our lives.”\u2028\u003cbr\u003e   * Hacking Finance *\u003cbr\u003e“A reflection and criticism of the data cult of contemporary technological bureaucracy.” * First Financial Network *\u003cbr\u003e“In meticulous detail, Friedman shows that not all lives are valued equally, that social and economic inequalities are often reproduced and compounded in how we calculate the value of any one life . . . . Friedman draws a vivid picture of how uneven power, competing interests, and social and economic inequality influence how we value life.”\u003cbr\u003e   * Literary Review of Canada *\u003cbr\u003e“Thank you, Howard Steven Friedman, for providing invaluable information, insights, and counsel that will help those who read your book to have a wider and deeper impact on efforts NOT to value all people equally; rather, to value all people fairly ​'​so that human rights and human lives are always protected.​'\"  ​\u003cbr\u003e   * BobMorris: Blogging on Business *\u003cbr\u003e\"Friedman’s tour through the value of life is an excellent work for those willing to dip their toes into these regulatory waters without drowning in the scholarship.\" * Regulation *\u003cbr\u003e“He has succeeded admirably in his aim of providing a non-technical and comprehensive presentation of the salient issues that will prove useful to concerned citizens and policy analysts in the health sector alike.” * Economic Record *\u003cbr\u003e“Incredibly engaging reading. It deals with an extremely sensitive topic, but is written delicately, with sensitivity, with respect for human life.”\u003cbr\u003e   * Dziennik Gazeta Prawna *\u003cbr\u003e \"Friedman, who is an American statistician and health economist, argues compellingly that the way in which governments place a monetary value on human life is 'neither transparent nor fair'.\" * Economic Affairs *\u003cbr\u003e\"Provides a comprehensive introduction to the prices put on human life and a corresponding critical assessment of the methods routinely used to do so. It forces us to reflect not only on how critical price tags are in everyday life but also on what they convey about society’s values.\"\u2028\u003cbr\u003e   * Health Affairs *\u003cbr\u003e\"A clear and useful introduction.\" * European Legacy *\u003cbr\u003e\u003cp\u003e\"The author has a great thesis and is true throughout the book calling for equity in fairness in human valuation.\"\u003c\/p\u003e * Social Science Journal *\u003cbr\u003e\"[Friedman] has succeeded admirably in his aim of providing a non-technical and comprehensive presentation of the salient issues that will prove useful to concerned citizens and policy analysts in the health sector alike.\" * Economic Record *\u003cbr\u003e\u003cp\u003e\"This is an important book.\"\u003c\/p\u003e * Journal of Economics *\u003cbr\u003e\"Social science researchers would find this book a worthwhile read for broadening their perspective on the many ways society values lives.\" * Journal of Health Politics, Policy, and Law *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Your Money or Your Life?\u003cbr\u003e 2. When the Towers Fell\u003cbr\u003e 3. Justice Is Not Blind\u003cbr\u003e 4. A Little More Arsenic in Your Water\u003cbr\u003e 5. Maximizing Profits at Whose Expense?\u003cbr\u003e 6. I Want to Die the Way Grandpa Did\u003cbr\u003e 7. To Be Young Again\u003cbr\u003e 8. Can We Afford a Little One?\u003cbr\u003e 9. Broken Calculators\u003cbr\u003e 10. What’s Next?\u003cbr\u003e\u003cbr\u003e Notes\u003cbr\u003e Further Reading\u003cbr\u003e Acknowledgments\u003cbr\u003e Index","brand":"University of California Press","offers":[{"title":"Default Title","offer_id":49402932527447,"sku":"9780520343221","price":20.7,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780520343221.jpg?v=1730481890"},{"product_id":"ultimate-price-9780520383128","title":"Ultimate Price","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eHow much is a human life worth? Individuals, families, companies, and governments routinely place a price on human life. The calculations that underlie these price tags are often buried in technical language, yet they influence our economy, laws, behaviors, policies, health, and safety. These price tags are often unfair, infused as they are with gender, racial, national, and cultural biases that often result in valuing the lives of the young more than the old, the rich more than the poor, whites more than blacks, Americans more than foreigners, and relatives more than strangers. This is critical since undervalued lives are left less-protected and more exposed to risk.    Howard Steven Friedman explains in simple terms how economists and data scientists at corporations, regulatory agencies, and insurance companies develop and use these price tags and points a spotlight at their logical flaws and limitations. He then forcefully argues against the rampant unfairness in the system. Readers\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“Timely — and, frankly, sometimes shocking. . . . \u003ci\u003eUltimate Price\u003c\/i\u003e exposes a system rife with troubling assumptions and inequality that reduces each human to a data point. Well-written and readable, the book avoids being overly academic while still presenting a meticulously researched argument of why we all should take the time to understand how our own lives are priced.” * BuzzFeed *\u003cbr\u003e“Price tags on human lives are everywhere.” -- Kai Ryssdal, * Marketplace *\u003cbr\u003e“Should be required reading for anyone sitting down to watch the evening news.\" * New Books Network *\u003cbr\u003e\"To ration resources and seek to re-open businesses, accountants have to assign price tags to life. . . .  In \u003ci\u003eUltimate Price\u003c\/i\u003e, a detailed analysis of how government organisations and corporations define the monetary value of human life, Howard Friedman tours the uncomfortable architecture of this calculus.\" * The Spectator *\u003cbr\u003e\"Friedman argues that we must devise more equitable ways to assign value to human life. . . . Readers are exhorted to understand how lives are priced so that they might demand better formulas.\" * Science *\u003cbr\u003e“Provides a concise review of some of the scientific literature on valuing life including some of the moral issues one must consider when making these judgments. . . . Certainly worth a read for those looking to learn more on this interesting topic.” * Healthcare Economist *\u003cbr\u003e\"It is a serious understatement to say that this is a thought-provoking volume. . . . [Friedman] calls our attention to the problems we ought not ignore.\"\u003cbr\u003e   * Public Health Ethics *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Your Money or Your Life?\u003cbr\u003e 2. When the Towers Fell\u003cbr\u003e 3. Justice Is Not Blind\u003cbr\u003e 4. A Little More Arsenic in Your Water\u003cbr\u003e 5. Maximizing Profits at Whose Expense?\u003cbr\u003e 6. I Want to Die the Way Grandpa Did\u003cbr\u003e 7. To Be Young Again\u003cbr\u003e 8. Can We Afford a Little One?\u003cbr\u003e 9. Broken Calculators\u003cbr\u003e 10. What’s Next?\u003cbr\u003e\u003cbr\u003e Notes\u003cbr\u003e Further Reading\u003cbr\u003e Acknowledgments\u003cbr\u003e Index","brand":"University of California Press","offers":[{"title":"Default Title","offer_id":49402953138519,"sku":"9780520383128","price":18.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780520383128.jpg?v=1730481952"},{"product_id":"risk-9780593192207","title":"Risk","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eDrawing on examples ranging from military history to the business world, a retired four-star general in the U.S. Army offers a battle-tested system for detecting and responding to risk, showing that there are in fact ten dimensions of control we can adjust at any given time.","brand":"Penguin Putnam Inc","offers":[{"title":"Default Title","offer_id":49403183071575,"sku":"9780593192207","price":22.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780593192207.jpg?v=1730482688"},{"product_id":"portfolio-risk-analysis-9780691128283","title":"Portfolio Risk Analysis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003ePresents an overview of financial risk modeling, with a focus on practical applications, empirical reality, and historical perspective. Covering the mean-variance analysis and the capital asset pricing model, this title offers an account of factor models, which are the key to successful risk analysis in every economic climate.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Thorough and well-cited, this is a comprehensive treatment of techniques for portfolio risk management. It provides a unique perspective, from the fundamentals to practical applications. There are few books that cover this material in this particular way.\"\u003cb\u003e—Christopher L. Culp, author of \u003ci\u003eStructured Finance and Insurance\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\"The range of topics is wide and the coverage is deep. An impressive book.\"\u003cb\u003e—Peter Christoffersen, McGill University\u003c\/b\u003e\u003cbr\u003e\"The conceptual framework of this book is presented in a lucid and clear manner. The treatment is mathematically rigorous where it matters, without ever becoming pedantic and without cutting corners.\"\u003cb\u003e—Riccardo Rebonato, Royal Bank of Scotland\u003c\/b\u003e\u003cbr\u003e\"This book takes major steps forward in the crucially important area of portfolio risk measurement, making significant strides toward incorporating industry and country risk, as well as macroeconomic, FX, credit, transactions cost, and liquidity risks. It will be an essential reference text for academics, central bankers, and others in the financial services industry.\"\u003cb\u003e—Francis X. Diebold, University of Pennsylvania\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAcknowledgments xi  Introduction xiii  Key Notation xix      Chapter 1: Measures of Risk and Return 1  1.1 Measuring Return 1  1.2 The Key Portfolio Risk Measures 6  1.3 Risk-Return Preferences and Portfolio Optimization 12  1.4 The Capital Asset Pricing Model and Its Applications to Risk Analysis 23  1.5 The Objectives and Limitations of Portfolio Risk Analysis 31      Chapter 2: Unstructured Covariance Matrices 36  2.1 Estimating Return Covariance Matrices 36  2.2 The Error-Maximization Problem 47  2.3 Portfolio Choice as Decision Making under Uncertainty 54      Chapter 3: Industry and Country Risk 61  3.1 Industry-Country Component Models 61  3.2 Empirical Evidence on the Relative Magnitudes of Country and Industry Risks 73  3.3 Sector-Currency Models of Corporate Bond Returns 77      Chapter 4: Statistical Factor Analysis 79  4.1 Types of Factor Models 79  4.2 Approximate Factor Models 82  4.3 The Arbitrage Pricing Theory 86  4.4 Small-n Estimation Methods 88  4.5 Large-n Estimation Methods 93  4.6 Number of Factors 98      Chapter 5: The Macroeconomy and Portfolio Risk 101  5.1 Estimating Macroeconomic Factor Models 101  5.2 Event Studies of Macroeconomic Announcements 110  5.3 Macroeconomic Policy Endogeneity 112  5.4 Business Cycle Betas 115  5.5 Empirical Fit and the Relative Value of Macroeconomic Factor Models 116      Chapter 6: Security Characteristics and Pervasive Risk Factors 117  6.1 Equity and Fixed-Income Characteristics 117  6.2 Characteristic-Based Factor Models of Equities 122  6.3 The Fama-French Model and Extensions 130  6.4 The Semiparametric Approach to Characteristic-Based Factor Models 132      Chapter 7: Measuring and Hedging Foreign Exchange Risk 134  7.1 Definitions of Foreign Exchange Risk 134  7.2 Optimal Currency Hedging 142  7.3 Currency Covariances with Stock and Bond Returns 149  7.4 Macroeconomic Influences on Currency Returns 151      Chapter 8: Integrated Risk Models 155  8.1 Global and Regional Integration Trends 155  8.2 Risk Integration across Asset Classes 158  8.3 Segmented Asset Allocation and Security Selection 159  8.4 Integrated Risk Models 162      Chapter 9: Dynamic Volatilities and Correlations 167  9.1 GARCH Models 167  9.2 Stochastic Volatility Models 178  9.3 Time Aggregation 180  9.4 Downside Correlation 181  9.5 Option-Implied Volatility 184  9.6 The Volatility Term Structure at Long Horizons 187  9.7 Time-Varying Cross-Sectional Dispersion 188      Chapter 10: Portfolio Return Distributions 191  10.1 Characterizing Return Distributions 191  10.2 Estimating Return Distributions 196  10.3 Tail Risk 203  10.4 Nonlinear Dependence between Asset Returns 207      Chapter 11: Credit Risk 212  11.1 Agency Ratings and Factor Models of Spread Risk 213  11.2 Rating Transitions and Default 217  11.3 Credit Instruments 218  11.4 Conceptual Approaches to Credit Risk 220  11.5 Recovery at Default 232  11.6 Portfolio Credit Models 232  11.7 The 2007-8 Credit-Liquidity Crisis 238      Chapter 12: Transaction Costs and Liquidity Risk 241  12.1 Some Basic Terminology 241  12.2 Measuring Transactions Cost 246  12.3 Statistical Properties of Liquidity 261  12.4 Optimal Trading Strategies and Transaction Costs 266      Chapter 13: Alternative Asset Classes 271  13.1 Nonsynchronous Pricing and Smoothed Returns 271  13.2 Time-Varying Risk, Nonlinear Payoff, and Style Drift 284  13.3 Selection and Survivorship Biases 291  13.4 Collectibles: Measuring Return and Risk with Infrequent and Error-Prone Observations 295  13.5 Summary 298      Chapter 14: Performance Measurement 299  14.1 Return-Based Performance Measurement 299  14.2 Holdings-Based Performance Measurement and Attribution 303  14.3 Volatility Forecast Evaluation 309  14.4 Value-at-Risk Hit Rates 316  14.5 Forecast and Realized Return Densities 317      Chapter 15: Conclusion 319  15.1 Some Key Messages 319  15.2 Questions for Future Research 320      References 323  Index 345","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":49403745665367,"sku":"9780691128283","price":117.3,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691128283.jpg?v=1730484424"},{"product_id":"informing-american-health-care-policy-9780787945992","title":"Informing American Health Care Policy","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eInforming American Health Care Policy provides a critical perspective on the National Medical ExpAnditure Surveys (NMES) and how these surveys have responded to the sometimes conflicting challenges of policy and research.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"... Informing American Health Care Policy is a useful, evenentertaining book for anyone who uses health data or who wants tounderstand the history and evolution of expAnditure surveys.\"(Health Affairs May\/June 2000)\u003cbr\u003e \u003cbr\u003e \"In this important book, the lead researchers associated with NMESdescribe the development of this rich data source and, in a seriesof well-crafted papers, illustrate the use of these data ininforming major areas of health policy. It is a must-read foranyone interested in American health policy-especially for youngerprofessionals entering this growing field.\" (Uwe E. Reinhardt,James Madison Professor of Political Economy, PrincetonUniversity)\u003cbr\u003e \u003cbr\u003e \"National health expenditure surveys have provided policymakerswith the information they need to make informed decisions. Thisvolume tells us about the evolution and contributions of thefederal government's most ambitious health care survey. I recommAndit for those interested in improving the quality of data availableto those who formulate policy.\" (John K. Iglehart, founding editor,Health Affairs)\u003cbr\u003e \u003cbr\u003e \"I enjoyed reading this book. Thanks to the major investment inhealth expAnditure and insurance surveys and the increasinglysophisticated analytic capacity described in this volume, policyofficials now have a much more precise and up-to-date understandingof the implications of policy choices.\" (Karen Davis, president,The Commonwealth Fund; developed President Carter's 1977 nationalhealth reform proposal)\u003cbr\u003e \u003cbr\u003e \"Thoughtful and informed reflections on the lessons learned byNMES. Provides sound guidance and procedures required to addressthe Anduring policy questions of Who's covered? Who pays?, and Howmuch? in the emerging U.S. health care environment of the future.\"(Lu Ann Aday, professor of behavioral sciences and management andpolicy sciences, the University of Texas School of Public Health;and author, Designing and Conducting Health Surveys, FourthEdition)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eForeword.\u003cbr\u003e \u003cbr\u003e Preface and Acknowledgments.\u003cbr\u003e \u003cbr\u003e The Editors.\u003cbr\u003e \u003cbr\u003e The Contributors.\u003cbr\u003e \u003cbr\u003e Introduction (A. Monheit \u0026amp; R. Wilson).\u003cbr\u003e \u003cbr\u003e PAST CHALLLENGES AND CURRENT ISSUES.\u003cbr\u003e \u003cbr\u003e National Medical ExpAnditure Surveys: Genesis and Rationale (R.Andersen \u0026amp; O. Anderson).\u003cbr\u003e \u003cbr\u003e Modeling Consumer and Provider Behavior: The First NationalExpenditure Study (G. Wilensky).\u003cbr\u003e \u003cbr\u003e The Provider System and the Changing Locus of Expenditure Data:Survey Strategies from Fee-for-Service to Managed Care (J. Cohen\u0026amp; A. Taylor).\u003cbr\u003e \u003cbr\u003e SOURCES OF PAYMENT AND THE STRUCTURE OF HEALTH INSURANCE.\u003cbr\u003e \u003cbr\u003e Examining Health Insurance Differences: Issues of Public Equity andCost Efficiency (P. Short).\u003cbr\u003e \u003cbr\u003e Health Insurance, Employment, and the Labor Market (A.Monheit).\u003cbr\u003e \u003cbr\u003e VULNERABLE POPULATIONS: HEALTH CARE AND MEASURES OF ACCESS.\u003cbr\u003e \u003cbr\u003e The National ExpAnditure Surveys and Studies of Access to Care byVulnerable Populations (M. Berk).\u003cbr\u003e \u003cbr\u003e Evaluating Medicare and Medicaid: The Yield in Information from theNational Medical Expenditure Surveys (J. Kasper).\u003cbr\u003e \u003cbr\u003e SURVEY METHODS, BUDGET CONSTRAINTS, AND OPERATIONAL ISSUES.\u003cbr\u003e \u003cbr\u003e Better Estimates of Populations at Risk and More EfficientSampling: Changing Survey Design Strategies over Time (S.Cohen).\u003cbr\u003e \u003cbr\u003e Continuity Versus Change: Challenges in Designing a SuccessorSurvey (D. Walden).\u003cbr\u003e \u003cbr\u003e Survey Integration and End-of-Century Constraints (R.Arnett).\u003cbr\u003e \u003cbr\u003e THE ROLE OF NATIONAL DATA IN POLICY FORMULATION.\u003cbr\u003e \u003cbr\u003e Health System Reform Debates and Medical Expenditure Surveys (L.Nichols).\u003cbr\u003e \u003cbr\u003e Name Index.\u003cbr\u003e \u003cbr\u003e Subject Index.","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49405032989015,"sku":"9780787945992","price":69.26,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780787945992.jpg?v=1730488431"},{"product_id":"extending-canadian-health-insurance-9780802033536","title":"Extending Canadian Health Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis study explores the policy options a provincial government might consider in extending health care coverage to the purchase of prescription drugs and dental care. It examines the major public policy objectives involved, such as spreading risk, redistributing wealth, and reducing the barriers to care, and evaluates alternative programs in terms of their costs and efficiency as well as their realization of the basic social objectives of health care. Using varied statistics, some drawn from schemes in other provinces, it estimates what different packages of pharmacare and denticare would have cost in Ontario in 1975. The results indicate that universal coverage may be one of the most costly and least effective options. Based on current modes of service delivery, a universal pharmacare and denticare program would transfer wealth to upper income groups without significantly improving the utilization of health care services.\u003c\/p\u003e\u003cp\u003eA study of drug manufacturing and retailing systems in\u003c\/p\u003e","brand":"University of Toronto Press","offers":[{"title":"Default Title","offer_id":49405214130519,"sku":"9780802033536","price":24.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780802033536.jpg?v=1730489141"},{"product_id":"the-future-of-risk-management-9780812225082","title":"The Future of Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities, savage the environment, impose significant financial burdens on individuals and firms, and test political leadership. Moreover, global challenges such as climate change and terrorism reveal the interdependent and interconnected nature of our current moment: what occurs in one nation or geographical region is likely to have effects across the globe. Our information age creates new and more integrated forms of communication that incur risks that are difficult to evaluate, let alone anticipate. All of this makes clear that innovative approaches to assessing and managing risk are urgently required.\u003cbr\u003eWhen catastrophic risk management was in its inception thirty years ago, scientists and engineers would provide estimates of the probability of specific types of accidents and their potential consequences. Economists would then propose risk management poli\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Extraordinarily thoughtful and insightful, the authors of \u003ci\u003eThe Future of Risk Management\u003c\/i\u003e provide students and professionals in the field of risk management new pathways for approaches and solutions to our myriad areas of risk. Moreover, anyone interested in understanding the risks our societies face should study these essays.\" * Franklin W. Nutter, President, Reinsurance Association of America *\u003cbr\u003e\"The field of risk management has exploded in recent decades as natural disasters, financial meltdowns, pandemics, and other damaging events have wreaked havoc across borders. \u003ci\u003eThe Future of Risk Management\u003c\/i\u003e brings together essays from leading thinkers on ways to reduce risk so that today's threats do not turn into tomorrow's catastrophes. Aimed at policy leaders seeking strategies to reduce future harm, this volume deserves a close read and a spot on the bookshelf of all forward-thinking decision-makers.\" * Alice Hill, The Hoover Institution, Stanford University *\u003cbr\u003e\"\u003ci\u003eThe Future of Risk Management\u003c\/i\u003e engages in a critical discussion on how we as a nation and the world as a whole should better prepare for and reduce the costs of future disasters. The authors correctly recognize that our current disaster preparedness and response paradigm is fundamentally broken-plagued by inconsistencies, short-sightedness, and a lack of integration. Instead, we need to take a holistic, long-term approach to disaster response and risk management and allocate resources based on the best objective data available.\" * Jason M. Tuber, U.S. Congressional Staffer *\u003cbr\u003e\"This comprehensive, critical, and lucid survey demonstrates convincingly that effectively managing climate change and other major threats requires understanding how the average person reacts to risk. It's a story about lessons learned and lessons forgotten, about logic and bias, about positive incentives and perverse incentives-and serves as a warning that we have a long, long way to go before we manage risk effectively.\" * Michael Oppenheimer, Princeton University *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIntroduction\u003cbr\u003e —Howard Kunreuther, Robert J. Meyer, and Erwann O. Michel-Kerjan\u003cbr\u003e PART I. BEHAVIORAL FACTORS INFLUENCING DECISION-MAKING UNDER RISK AND UNCERTAINTY\u003cbr\u003e Chapter 1. The Arithmetic of Compassion and the Future of Risk Management\u003cbr\u003e —Paul Slovic and Daniel Västfjäll\u003cbr\u003e Chapter 2. \"Risk as Feelings\" and \"Perception Matters\": Psychological Contributions on Risk, Risk-Taking, and Risk Management\u003cbr\u003e —Elke U. Weber\u003cbr\u003e Chapter 3. Risk-Based Thinking\u003cbr\u003e —Baruch Fischhoff\u003cbr\u003e Chapter 4. Structured Empirical Analysis of Decisions Under Natural Hazard Risk\u003cbr\u003e —Craig E. Landry, Gregory Colson, and Mona Ahmadiani\u003cbr\u003e Chapter 5. Mixing Rationality and Irrationality in Insurance Demand and Supply\u003cbr\u003e —Mark Pauly\u003cbr\u003e Chapter 6. The Disaster Cycle: What We Do Not Learn from Experience\u003cbr\u003e —Robert J. Meyer\u003cbr\u003e PART II. IMPROVING RISK ASSESSMENT\u003cbr\u003e Chapter 7. Using Models to Set a Baseline and Measure Progress in Reducing Disaster Casualties\u003cbr\u003e —Robert Muir-Wood\u003cbr\u003e Chapter 8. Learning from All Types of Near-Misses\u003cbr\u003e —Robin Dillon\u003cbr\u003e Chapter 9. Managing Systemic Industry Risk: The Need for Collective Leadership\u003cbr\u003e —Paul J. H. Schoemaker\u003cbr\u003e Chapter 10. Measuring Economic Resilience: Recent Advances and Future Priorities\u003cbr\u003e —Adam Rose\u003cbr\u003e PART III. DEVELOPING BETTER RISK COMMUNICATION STRATEGIES\u003cbr\u003e Chapter 11. Improving Stakeholder Engagement for Upstream Risks\u003cbr\u003e —Robin Gregory and Nate Dieckmann\u003cbr\u003e Chapter 12. Improving the Accuracy of Geopolitical Risk Assessments\u003cbr\u003e —Barbara A. Mellers, Philip E. Tetlock, Joshua D. Baker, Jeffrey A. Friedman, and Richard Zeckhauser\u003cbr\u003e Chapter 13. Efficient Warnings, Not \"Wolf or Puppy\" Warnings\u003cbr\u003e —Lisa A. Robinson, W. Kip Viscusi, and Richard Zeckhauser\u003cbr\u003e PART IV. ROLE OF RISK MITIGATION, RISK-SHARING, AND INSURANCE\u003cbr\u003e Chapter 14. Threats to Insurability\u003cbr\u003e —Carolyn Kousky\u003cbr\u003e Chapter 15. The Role of Insurance in Risk Management for Natural Disasters: Back to the Future\u003cbr\u003e —Howard Kunreuther\u003cbr\u003e Chapter 16. Improving Individual Flood Preparedness Through Insurance Incentives\u003cbr\u003e —W. J. Wouter Botzen\u003cbr\u003e Chapter 17. Strong and Well-Enforced Building Codes as an Effective Disaster Risk Reduction Tool: An Evaluation\u003cbr\u003e —Jeffrey Czajkowski\u003cbr\u003e PART V. GOVERNMENT AND RISK MANAGEMENT\u003cbr\u003e Chapter 18. Getting the Blend Right: Public-Private Partnerships in Risk Management\u003cbr\u003e —Cary Coglianese\u003cbr\u003e Chapter 19. The Regulation of Insurance Markets Subject to Catastrophic Risks\u003cbr\u003e —Robert W. Klein\u003cbr\u003e Chapter 20. Rethinking Government Disaster Relief in the United States: Evidence and a Way Forward\u003cbr\u003e —Erwann O. Michel-Kerjan\u003cbr\u003e List of Contributors\u003cbr\u003e Index\u003c\/p\u003e","brand":"University of Pennsylvania Press","offers":[{"title":"Default Title","offer_id":49405708337495,"sku":"9780812225082","price":27.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780812225082.jpg?v=1730493352"},{"product_id":"the-future-of-risk-management-9780812251326","title":"The Future of Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Extraordinarily thoughtful and insightful, the authors of \u003ci\u003eThe Future of Risk Management\u003c\/i\u003e provide students and professionals in the field of risk management new pathways for approaches and solutions to our myriad areas of risk. Moreover, anyone interested in understanding the risks our societies face should study these essays.\" * Franklin W. Nutter, President, Reinsurance Association of America *\u003cbr\u003e\"The field of risk management has exploded in recent decades as natural disasters, financial meltdowns, pandemics, and other damaging events have wreaked havoc across borders. \u003ci\u003eThe Future of Risk Management\u003c\/i\u003e brings together essays from leading thinkers on ways to reduce risk so that today's threats do not turn into tomorrow's catastrophes. Aimed at policy leaders seeking strategies to reduce future harm, this volume deserves a close read and a spot on the bookshelf of all forward-thinking decision-makers.\" * Alice Hill, The Hoover Institution, Stanford University *\u003cbr\u003e\"\u003ci\u003eThe Future of Risk Management\u003c\/i\u003e engages in a critical discussion on how we as a nation and the world as a whole should better prepare for and reduce the costs of future disasters. The authors correctly recognize that our current disaster preparedness and response paradigm is fundamentally broken-plagued by inconsistencies, short-sightedness, and a lack of integration. Instead, we need to take a holistic, long-term approach to disaster response and risk management and allocate resources based on the best objective data available.\" * Jason M. Tuber, U.S. Congressional Staffer *\u003cbr\u003e\"This comprehensive, critical, and lucid survey demonstrates convincingly that effectively managing climate change and other major threats requires understanding how the average person reacts to risk. It's a story about lessons learned and lessons forgotten, about logic and bias, about positive incentives and perverse incentives-and serves as a warning that we have a long, long way to go before we manage risk effectively.\" * Michael Oppenheimer, Princeton University *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIntroduction\u003cbr\u003e —Howard Kunreuther, Robert J. Meyer, and Erwann O. Michel-Kerjan\u003cbr\u003e PART I. BEHAVIORAL FACTORS INFLUENCING DECISION-MAKING UNDER RISK AND UNCERTAINTY\u003cbr\u003e Chapter 1. The Arithmetic of Compassion and the Future of Risk Management\u003cbr\u003e —Paul Slovic and Daniel Västfjäll\u003cbr\u003e Chapter 2. \"Risk as Feelings\" and \"Perception Matters\": Psychological Contributions on Risk, Risk-Taking, and Risk Management\u003cbr\u003e —Elke U. Weber\u003cbr\u003e Chapter 3. Risk-Based Thinking\u003cbr\u003e —Baruch Fischhoff\u003cbr\u003e Chapter 4. Structured Empirical Analysis of Decisions Under Natural Hazard Risk\u003cbr\u003e —Craig E. Landry, Gregory Colson, and Mona Ahmadiani\u003cbr\u003e Chapter 5. Mixing Rationality and Irrationality in Insurance Demand and Supply\u003cbr\u003e —Mark Pauly\u003cbr\u003e Chapter 6. The Disaster Cycle: What We Do Not Learn from Experience\u003cbr\u003e —Robert J. Meyer\u003cbr\u003e PART II. IMPROVING RISK ASSESSMENT\u003cbr\u003e Chapter 7. Using Models to Set a Baseline and Measure Progress in Reducing Disaster Casualties\u003cbr\u003e —Robert Muir-Wood\u003cbr\u003e Chapter 8. Learning from All Types of Near-Misses\u003cbr\u003e —Robin Dillon\u003cbr\u003e Chapter 9. Managing Systemic Industry Risk: The Need for Collective Leadership\u003cbr\u003e —Paul J. H. Schoemaker\u003cbr\u003e Chapter 10. Measuring Economic Resilience: Recent Advances and Future Priorities\u003cbr\u003e —Adam Rose\u003cbr\u003e PART III. DEVELOPING BETTER RISK COMMUNICATION STRATEGIES\u003cbr\u003e Chapter 11. Improving Stakeholder Engagement for Upstream Risks\u003cbr\u003e —Robin Gregory and Nate Dieckmann\u003cbr\u003e Chapter 12. Improving the Accuracy of Geopolitical Risk Assessments\u003cbr\u003e —Barbara A. Mellers, Philip E. Tetlock, Joshua D. Baker, Jeffrey A. Friedman, and Richard Zeckhauser\u003cbr\u003e Chapter 13. Efficient Warnings, Not \"Wolf or Puppy\" Warnings\u003cbr\u003e —Lisa A. Robinson, W. Kip Viscusi, and Richard Zeckhauser\u003cbr\u003e PART IV. ROLE OF RISK MITIGATION, RISK-SHARING, AND INSURANCE\u003cbr\u003e Chapter 14. Threats to Insurability\u003cbr\u003e —Carolyn Kousky\u003cbr\u003e Chapter 15. The Role of Insurance in Risk Management for Natural Disasters: Back to the Future\u003cbr\u003e —Howard Kunreuther\u003cbr\u003e Chapter 16. Improving Individual Flood Preparedness Through Insurance Incentives\u003cbr\u003e —W. J. Wouter Botzen\u003cbr\u003e Chapter 17. Strong and Well-Enforced Building Codes as an Effective Disaster Risk Reduction Tool: An Evaluation\u003cbr\u003e —Jeffrey Czajkowski\u003cbr\u003e PART V. GOVERNMENT AND RISK MANAGEMENT\u003cbr\u003e Chapter 18. Getting the Blend Right: Public-Private Partnerships in Risk Management\u003cbr\u003e —Cary Coglianese\u003cbr\u003e Chapter 19. The Regulation of Insurance Markets Subject to Catastrophic Risks\u003cbr\u003e —Robert W. Klein\u003cbr\u003e Chapter 20. Rethinking Government Disaster Relief in the United States: Evidence and a Way Forward\u003cbr\u003e —Erwann O. Michel-Kerjan\u003cbr\u003e List of Contributors\u003cbr\u003e Index\u003c\/p\u003e","brand":"University of Pennsylvania Press","offers":[{"title":"Default Title","offer_id":49405740646743,"sku":"9780812251326","price":62.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780812251326.jpg?v=1730493448"},{"product_id":"unmanageable-care-an-ethnography-of-health-care-privatization-in-puerto-rico-9780814724910","title":"Unmanageable Care  An Ethnography of Health Care","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eSet at a health insurance company dubbed Acme, this book chronicles how the privatization of the health care system in Puerto Rico transformed the experience of accessing and providing care on the island. Through interviews and participant observation, it explores the everyday contexts in which market reforms were enacted.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA persuasive account and `insiders view of how Managed Care really works. Managed Care, Jessica Mulligan argues, is really `ungovernable care. The assumption that `rational consumers can exercise `choice ignores the way ordinary people understand and deal with their health care issues. `Consumers see themselves as retired workers, mothers, or those who have chronic diseases like diabetes. `Choice is bewildering or limited. `Satisfaction boils down to surveys that code statements like `I cant complain and omit narratives about struggles to get better care. Mulligan argues we need to diagnose these ills that characterize neoliberal models of healthcare reform before we can work to change them. -- Louise Lamphere,Distinguished Professor of Anthropology Emerita, University of New Mexico\u003cbr\u003eA telling ethnography of the privatization of health care in Puerto Rico. Written from within the system of managed care, Mulligans impressive understanding of historical, cultural, economic, entrepreneurial, and moral aspects of reform paints a troubling picture of what is wrong with market approaches to care. Clear, timely, and insightful, Unmanageable Care contributes importantly to the medical anthropology of health care. It also goes beyond that to illustrate the limits and failures of market approaches to manage caregiving that are regularly overlooked by health policy experts with unfortunate results. An important book! -- Arthur Kleinman, M.D.,Esther and Sidney Rabb Professor of Anthropology, Harvard University\u003cbr\u003eMulligan does an excellent job of, as she puts it, \u0026amp; tak[ing] seriously the potential of market-based solutions to reducing healthcare costs.While methodologically appealing to anthropologists, this book also has broader implications for those seeking healthcare solutions for disadvantaged populations in resource-constrained settings. * American Anthropologist *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents Acknowledgments ix Introduction: Learning to Manage 1 Part I: Elements of a System 1. A History of Reform: Colonialism, Public Health, and Privatized Care 312. Regulating a Runaway Train: Everyone Is Replaceable 61 3. New Consumer Citizens: Life Histories 89 Part II: The Business of Care: Market Values and Management Strategies 4. Quality: Managing by Numbers 125 5. Complaints: The Wrong Glucometer ... Again! 151 6. Market Values: Partnering and Choice 179  Conclusion: Ungovernability as Market Rule 209 Appendix 1: A Methodological Appendix 231 Appendix 2: Interview Descriptions 241 Notes 253 Works Cited 277 Index 295 About the Author 299","brand":"New York University Press","offers":[{"title":"Default Title","offer_id":49405872210263,"sku":"9780814724910","price":55.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780814724910.jpg?v=1730493757"},{"product_id":"law-and-economics-of-insurance-9780857931283","title":"Law and Economics of Insurance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis timely two-volume collection successfully combines economically-oriented legal scholarship on insurance with policy-relevant economics scholarship on insurance.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e‘Often considered quite diverse, law and economics impact on the insurance industry in almost equal measure, which means that this copiously footnoted two-volume work, with its extensive bibliographies, will offer perspectives on the economic implications of the law which will be useful to insurance lawyers, economists, academics and graduate students alike.’\u003c\/i\u003e -- Phillip Taylor MBE and Elizabeth Taylor, The Barrister Magazine\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents:  Acknowledgements  Introduction  Daniel Schwarcz            PART I INFORMATION ASYMMETRIES IN THE LAW AND ECONOMICS OF INSURANCE   A. Adverse Selection   1. Amy Finkelstein and James Poterba (2002), ‘Selection Effects in the United Kingdom Individual Annuities Market’ 2. Peter Siegelman (2004), ‘Adverse Selection in Insurance Markets: An Exaggerated Threat’  B. Moral Hazard  3. Alma Cohen and Rajeev Dehejia (2004), ‘The Effect of Automobile Insurance and Accident Liability Laws on Traffic Fatalities’ 4. Tom Baker (1996), ‘On the Genealogy of Moral Hazard’  PART II INTERPRETING, REGULATING AND ENFORCING INSURANCE POLICIES  A. Interpreting and Construing Insurance Policies   5. Kenneth S. Abraham (1996), ‘A Theory of Insurance Policy Interpretation’  6. Michelle E. Boardman (2006), ‘Contra Proferentem: Allure of Ambiguous Boilerplate’  B. Regulating the Content of Insurance Policies  7. Russell Korobkin (1999), ‘The Efficiency of Managed Care “Patient Protection” Laws: Incomplete Contracts, Bounded Rationality, and Market Failure’ 8. Daniel Schwarcz (2007), ‘A Products Liability Theory for the Judicial Regulation of Insurance Policies’  C. Bad Faith Breach of Contract  9. Alan O. Sykes (1996), ‘”Bad Faith” Breach of Contract by First Party Insurers’  PART III LIABILITY INSURANCE   A. The Desirability of Liability Insurance  10. Steven Shavell (1982), ‘On Liability and Insurance’ 11. George L. Priest (1989), ‘Insurability and Punitive Damages’  B. The Duty to Settle  12. Kent D. Syverud (1990), ‘The Duty to Settle’ 13. Alan O. Sykes (1994), ‘Judicial Limitations on the Discretion of Liability Insurers to Settle or Litigate: An Economic Critique’  C. The Impact of Liability Insurance  14. Tom Baker and Sean J. Griffith (2007), ‘The Missing Monitor in Corporate Governance: The Directors' \u0026amp; Officers' Liability Insurer’  15. Kathryn Zeiler, Charles Silver, Bernard Black, David Hyman and William M. Sage (2007), ‘Physicians’ Insurance Limits and Malpractice Payments: Evidence From Texas Closed Claims, 1990–2003’  Volume II:   Acknowledgements  Introduction  An introduction by the editor appears in Volume I            PART I  REGULATING INSURANCE MARKETS  A. The Structure of Insurance Regulation  1. Jonathan R. Macey and Geoffrey P. Miller (1993), ‘The McCarran-Ferguson Act of 1945: Reconceiving the Federal Role in Insurance Regulation’  2. Martin F. Grace and Richard D. Phillips (2007), ‘The Allocation of Governmental Regulatory Authority: Federalism and the Case of Insurance Regulation’   B. Solvency Regulation  3. J. David Cummins, Scott E. Harrington and Robert Klein (1995), ‘Insolvency Experience, Risk-Based Capital, and Prompt Corrective Action in Property-Liability Insurance’ 4. Scott E. Harrington (2005), ‘Capital Adequacy in Insurance and Reinsurance’  C. Regulation and Risk Classification   5. Kenneth S. Abraham (1985), ‘Efficiency and Fairness in Insurance Risk Classification’  6. Michael Hoy and Michael Ruse (2005), ‘Regulating Genetic Information in Insurance Markets’  D. Price Regulation in Insurance Markets  7. Henry Grabowski, W. Kip Viscusi and William N. Evans (1989), ‘Price and Availability Tradeoffs of Automobile Insurance Regulation’  8. Mary A. Weiss, Sharon Tennyson and Laureen Regan (2010), ‘The Effects of Regulated Premium Subsidies on Insurance Costs: An Empirical Analysis of Automobile Insurance’ 9. Dwight M. Jaffee and Thomas Russell (2002), ‘Regulation of Automobile Insurance in California’  E. Regulation and Insurance Policy Renewal  10. Mark V. Pauly, Howard Kunreuther and Richard Hirth (1995), ‘Guaranteed Renewability in Insurance’  11. Ronen Avraham and K.A.D. Camara (2007), ‘The Tragedy of the Human Commons’  F. Regulating Insurance Demand  12. Kyle D. Logue (2001), ‘The Current Life Insurance Crisis: How the Law Should Respond’ 13. Daniel Schwarcz (2010), ‘Regulating Consumer Demand in Insurance Markets’  PART II  PUBLIC VS. PRIVATE INSURANCE MARKETS  A. Tort Law as Insurance  14. Richard A. Epstein (1985), ‘Products Liability as an Insurance Market’  15. Jon D. Hanson and Kyle D. Logue (1990), ‘The First-Party Insurance Externality: An Economic Justification for Enterprise Liability’ 16. Kenneth S. Reinker and David Rosenberg (2007), ‘Unlimited Subrogation: Improving Medical Malpractice Liability by Allowing Insurers to Take Charge’  B. Government Role in Catastrophe Insurance  17. Dwight M. Jaffee and Thomas Russell (1997), ‘Catastrophe Insurance, Capital Markets, and Uninsurable Risks’ 18. J. David Cummins (2006), ‘Should the Government Provide Insurance for Catastrophes?’  19. Howard Kunruether and Mark Pauly (2006), ‘Rules Rather than Discretion: Lessons from Hurricane Katrina’","brand":"Edward Elgar Publishing Ltd","offers":[{"title":"Default Title","offer_id":49406328701271,"sku":"9780857931283","price":650.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780857931283.jpg?v=1730495412"},{"product_id":"arbitration-clauses-and-third-parties-9781032215006","title":"Arbitration Clauses and Third Parties","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis is the first book to focus on the legal question of the incorporation of arbitration clauses, even though this issue constitutes a common problem that arises frequently in practice. \u003c\/p\u003e\u003cp\u003e\u003cem\u003eArbitration Clauses and Third Parties\u003c\/em\u003e compares different branches of law, namely shipping, reinsurance, and construction, where the legal notion of incorporation is often implemented. It evaluates how the differences and peculiarities of the said branches of law impact the outcome of the incorporation of arbitration clauses and therefore why a âone size fits allâ approach should be avoided. The book provides both an in-depth legal analysis of the incorporation of arbitration clauses as well as the legal position of the third parties regarding arbitration agreements and a detailed evaluation of the relevant case law. It further offers a unique comparative analysis of English law and Singapore law with regards to the incorporation of arbitration clauses and features recent case law on \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eTable of Cases, Preface\u003c\/strong\u003e, \u003cstrong\u003ePart I \u003c\/strong\u003e Muddying the Water: Incorporation of Arbitration Clauses in Shipping, Reinsurance, and Construction Chain Contracts\u003cstrong\u003e, Chapter 1 \u003c\/strong\u003eThe Foundations of Incorporation and Arbitration Clauses, \u003cb\u003eChapter 2 \u003c\/b\u003eIncorporation of Charterparty Arbitration Clauses into Bills of Lading, \u003cb\u003eChapter 3 \u003c\/b\u003eIncorporation of Arbitration Clauses into Reinsurance Contracts, \u003cb\u003eChapter 4\u003c\/b\u003e Construction Contracts and the Incorporation of Arbitration Clauses, \u003cb\u003eChapter 5 \u003c\/b\u003eSingapore Law and Incorporation of Arbitration Clauses, \u003cstrong\u003ePART II \u003c\/strong\u003eNot Incorporation – but a Close Analogy: Arbitration Clauses Binding Third Parties, \u003cstrong\u003eChapter \u003c\/strong\u003e\u003cstrong\u003e6\u003c\/strong\u003e Arbitration Agreements and Third Parties\u003cstrong\u003e, Index\u003c\/strong\u003e\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":49406662213975,"sku":"9781032215006","price":247.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781032215006.jpg?v=1730496684"},{"product_id":"u-s-insurance-regulation-9781035314782","title":"U.S. Insurance Regulation","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003ci\u003e‘Richard Liskov has performed a valuable service in condensing and simplifying insurance regulation for those who have little familiarity with the subject. His book is essential reading for any lawyer with a client who is in the U.S. insurance marketplace or wants to be, any law student with an interest in how financial services are regulated in the U.S., and any insurance professional whose company is, or someday may be, under U.S. regulation.’\u003c\/i\u003e -- James Corcoran, Former Superintendent of Insurance for the State of New York, US\u003cbr\u003e\u003ci\u003e‘This book provides a comprehensive overview of insurance regulation in the US. It should be required reading for all US insurance regulatory attorneys (and US insurance regulators as well). Equally important, it will prove to be a valuable resource for EU and UK attorneys who have insurance clients doing business, or who want to do business, in the US.’\u003c\/i\u003e -- Frederic M. Garsson, Saul Ewing LLP, US\u003cbr\u003e\u003ci\u003e‘Insurance touches each of us in our daily lives. Having served as New York’s Attorney General for fifteen years, I know that Richard Liskov’s book is a valuable guide for lawyers, law students and those engaged in the insurance business in the United States – or indeed anyone interested in how insurance is regulated. It should be on everyone’s bookshelf.’\u003c\/i\u003e -- Robert Abrams, Former Attorney General of New York, US\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eContents: 1 An overview of U.S. insurance regulation and some key definitions  2 The respective roles of state and federal governments in U.S. insurance regulation  3 How state insurance departments are organized and operate  4 How states define what “insurance” is and who is an insurer, and how states license insurance companies and insurance professionals  5 How states monitor the financial condition of licensed insurance companies  6 How U.S. state insurance regulators deal with financially troubled insurance companies  7 How state insurance regulators supervise the market conduct of insurance companies and insurance professionals  8 How the U.S. federal government and state insurance regulators supervise health insurance  9 U.S. insurance regulation heading into the global technological future   Index","brand":"Edward Elgar Publishing Ltd","offers":[{"title":"Default Title","offer_id":49406700061015,"sku":"9781035314782","price":75.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781035314782.jpg?v=1730496818"}],"url":"https:\/\/bookcurl.com\/collections\/insurance-and-actuarial-studies.oembed?page=10","provider":"Book Curl","version":"1.0","type":"link"}