Top 10 books in Reinsurance
The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition:
The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett’s leadership, a milestone worth commemorating. The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. The fourth edition of The Essays of Warren Buffett: Lessons for Corporate America celebrates its twentieth anniversary. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings.
Making a Market for Acts of God: The Practice of Risk Trading in the Global Reinsurance Industry:
This book brings to life the reinsurance market through vivid real-life tales that draw from an ethnographic, “fly-on-the-wall” study of the global reinsurance industry over three annual cycles. The authors shadowed underwriters around the world as they traded risks through multiple disasters.
Economic Capital: How It Works, and What Every Manager Needs to Know:
Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. Economic Capital: How It Works and What Every Manager Needs to Know presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager.
Reinsurance: Fundamentals and New Challenges:
A good intro to the topic of reinsurance. Not for the advanced reader, but discusses the basics.
Insurance Risk Management and Reinsurance:
Risk being its raw material, insurance has developed various techniques of valuation and risk transfer. Nowadays, these techniques – and first of all reinsurance, the favourite way of transferring risk- are entirely reassessed considering the development of Corporate Finance theory. Therefore, the approach retained here, originally for the actuarial course at Ensae, Paris may surprise some readers and students as it proposes a extended view of risk. We cover not only the mathematical aspects of Risk Management but also other fields relevant for Risk Management from economy or finance. We aim here at making bridges between all these fields through practical application to cat and life risk-management.
Reinsurance: by Robert W. Strain –
almost everyone in the industry has read or owns a copy of this book. Essentially a must have.
Alternative Risk Transfer: Integrated Risk Management through Insurance, Reinsurance, and the Capital Markets:
A practical approach to ART-an alternative method by which companies take on various types of risk
This comprehensive book shows readers what ART is, how it can be used to mitigate risk, and how certain instruments/structures associated with ART should be implemented. Through numerous examples and case studies, readers will learn what actually works and what doesn’t when using this technique.
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The Law of Reinsurance:
This concise and accessible guide to reinsurance law is an easy-to-read specialist reference focusing solely on reinsurance. The second edition builds on the success of the first which filled a gap in the market for an easy to use and pithy explanation of the law in this field avoiding the need to recount the whole of general insurance law.
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Reinsurance Regulation:A Contemporary and Comparative Study (International Banking, Finance and Economic Law):
We seem to be living at a time when insurance is strained to the breaking point. From hurricanes and earthquakes to terrorist attacks and threats of nuclear devastation, enormous risks to life and property; and accompanying liabilities; proliferate on an unprecedented scale. Insurer insolvency is not yet common, but it is not unusual either. And at the root of such failures often lies the compound failure of uncollectable reinsurance. This important book proposes that a significant part of the emerging insurance crisis results from inadequate regulation of reinsurance.
Following events such as the 2008 credit crunch and financial crisis, many sectors of the economy suffered; nevertheless, reinsurance managed to maintain its strong position in the market industry and the global economic arena. Arbitration has traditionally been used in reinsurance, due in no small part to its effective, time- and cost-efficient nature. Hence, reinsurance contracts often include arbitration clauses requiring that any and all disputes arising under the contract be resolved by arbitration.
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Structured Finance and Insurance: The ART of Managing Capital and Risk
The evolution and development of structured finance and structured insurance have provided increasing numbers of non-financial corporations with dynamic new techniques for creating value by integrating the management of capital and risk. This book explores products and solutions in this world.
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