Insurance from underwriting to derivatives
Over recent years the insurance industry has faced a period of rapid change and consolidation, with recent natural and man-made disasters highlighting the problems that the industry faces. Yet this has also been a time of opportunity with the traditional role in insurance giving way to its classification as an asset class. This has resulted in insurance risks now being priced and exchanged on the markets.
In this book, the authors analyse the convergence between the insurance industry and the capital markets. They summarise the main trends and issues and analyse past events within the industry. Thus, they demonstrate that the current market pressures on insurance companies do not just create challenges but also new opportunities.