Insurance Concerns

Praise for Structured Finance & Insurance

“More and more each year, the present corporation must influence what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp clarifies the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART.”
–Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University

“A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one probable to pay for such service.”
–Norbert Johanning, Managing Director, DaimlerChrysler Financial Services

“Culp’s newest book provides a comprehensive account of the most vital financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and harvest into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance.”
–Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication)

“This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An brilliant introduction to the very complex field of alternative risk transfer (ART).”
–Paul Wohrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services

“Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market harvest, and provides the architectural blueprints for enterprise risk innovation.”
–Paul Wagner, Director, Risk Management, AGL Assets Inc.

Structured Finance and Insurance: The ART of Managing Capital and Risk (Wiley Finance)

Price: $67.33

Inside the Minds: The Insurance Business is an authoritative, insider’s perspective on the ins and outs of this dynamic industry and the future of the business, on a global scale. Featuring Chairmen, Presidents, and CEOs, representing some of the top insurance companies across the nation, this book provides a broad, yet comprehensive overview of the current disorder and future shape of the industry. Discussing the inner workings of the business and the key factors that differentiate insurance companies from each other, as well as identifying the largest risks companies face and ways to hedge these risks, these authors offer practical and flexible strategies for generating revenues and profiting year after year. From the processes involved in seminal a premium for a new customer, processing a claim, and investing the cash from policies, hitting on the essentiality of building a strong brand identity and achieving credibility, to overall tactics around marketing! and customer relations, these authorities articulate the finer points around the business now, and what will hold right into the future. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the fantastic innovative minds of today, as experts explore in detail what it takes to secure long-term success in this ever-evolving industry.

This book is by:

Martin D. Feinstein, Chairman of the Board & Chief Executive Officer, Farmers Group, Inc. – “The Business of Managing Risks”; Constantine “Dinos” Iordanou, President & Chief Executive Officer, Arch Capital Group Ltd. – “Material goods/Casualty Insurance: A Business of Risk & Reward”; William G. Star, Chairman, President, & Chief Executive Officer, Kingsway Financial Services Inc. – “The Road to Success in the Insurance Industry”; Mark E. Watson, President & Chief Executive Officer, Argonaut Group, Inc. – “The Business of Insuring Business”; James J. Maguire, Chairman & Initiator, Philadelphia Consolidated Holding Corp. – “A Foretaste Behind the Scenes”; John W. Hayden, Chairman, President, & Chief Executive Officer, American Present Insurance Group – “Master the Basics”; Robert V. James, President & COO, Balboa Insurance Group – “A People Business.”

Inside the Minds: The Insurance Business–Industry Leaders on Managing Risks, Ensuring Investments, and Protecting Assets

Price: $27.95

The third edition of Introduction to Aviation Insurance and Risk Management has provided the opportunity to improve the book and extend its life into the 21st Century. Ancient material has been deleted and newer, more timely material added. Unlike the previous editions a number of industry professionals have contributed to the new version. Despite these changes the primary purpose of the book remains the same–to introduce the basic principles of insurance and risk with their special application to the aviation industry. It has been designed for several similar, yet distinct audiences: the institution student, corporate pilots or fixed base operators, and individuals in the insurance business.

Price: $98.00

This text focuses on the relationships among the various types of principles that are associated with individual life and pension contracts.

For the experienced actuary or a name switching careers into the individual life business, this text provides a comprehensive synopsis of current actuarial practice in the design, pricing and daily maintenance of individual harvest.

For the student, it illustrates the dependencies that exist among premiums, cash principles, reserves, dividends and other non-guaranteed elements when designing individual harvest. It also demonstrates how all aspects of actuarial practice are linked together in a product management cycle.

This book has been adopted as a reference for the new Fundamentals of Actuarial Practice Way offered by the Society of Actuaries.

It is a valuable supplemental reference for SOA Way 8-Individual Insurance.

Actuarial Aspects of Individual Life Insurance and Pension Contracts

Price: $89.00