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Author : Muhammad Ayub
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (959 download)
Download or read book Retakāful written by Muhammad Ayub and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Erik Banks
Publisher : John Wiley & Sons
ISBN 13 : 0470857463
Total Pages : 238 pages
Book Rating : 4.4/5 (78 download)
Download or read book Alternative Risk Transfer written by Erik Banks and published by John Wiley & Sons. This book was released on 2004-03-05 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Erik Banks (CT) joined XL Capital's weather/energy risk management subsidiary, Element Re, as a Partner and Chief Risk Officer in 2001.
Author : Leslie Terebessy
Publisher : Independently Published
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.7/5 (397 download)
Download or read book Risk Transfer Vs Risk Sharing written by Leslie Terebessy and published by Independently Published. This book was released on 2021-04-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Risk is the possibility of an adverse or disastrous outcome of a given action. Risk arises out of the fact that our knowledge, in particular our knowledge of the future, is limited. While the past may be relatively well known, future is unknown. It is tempting to predict the future on the basis of the past, according to the dictum, "history repeats itself." However, no single model takes into account all variables that may influence the outcome of a given act. The existence of risk implies a limit on our ability the control our fate. Some contingencies may be unforeseen. While science attempts to control the environment, inclusive of future events, history has shown repeatedly that human control is always incomplete. Complete control rests only with God. Risks arise in all walks of life. A person driving through a red light takes a risk of getting involved in an accident. A smoker takes the risk of developing cancer. A gambler takes the risk of losing money. There is a risk of fire, or the risk of becoming a victim of crime. There is a risk of being kidnapped, being mistaken for someone else, or the risk of becoming an innocent victim. There is also the risk of physical or psychological injury, illness or an outbreak of epidemic, on a local or a global scale. Natural disasters, such as floods, earthquakes or tsunamis also present risks. There is also a risk of war, civil war, or even a world war. There is a risk of political instability (rioting or a coup d'état). There is a risk of property loss or damage, or a risk of disgrace (damage to one's reputation). Everything from wearing protective clothing, starting a retirement fund, to spending on defence is a different way of shielding oneself or one's community from risk and the fundamental insecurity that characterises all human existence. Risks can be divided into avoidable and unavoidable. Avoidable risks, such as the risk of loss arising from gambling (qimar), are self-imposed. In order to avoid such risks one merely needs to abstain from the activities that give rise to them. Other risks, such as the risk of losses in business, may be unavoidable. In principle, unavoidable risks are permitted, but avoidable are not. Hence, risk taking is permitted in business but not in gambling. The fact that risk in business is unavoidable makes it fundamentally different from risks such as arise in gambling. In gambling, one party can win only if another loses. Gambling is thus a "win-lose" or "zero sum game." By contrast, partners in business gain or suffer a loss together. In finance, risks arise in both investment as well as in lending. The main risk in investment is the risk of losses. The main risk in lending is the risk that borrowers may fail to repay their loans to creditors. This risk is known as credit risk, also known as the risk of default or more simply as counterparty risk. A common method of protecting against credit risk is simply to withhold lending from all borrowers unable to post acceptable collateral. At the company level another method is for lenders to purchase credit derivatives such as credit default swaps (CDS), effectively a form of insurance on debt. Another risk that arises in lending is interest risk. This is the risk that interest rates may change in an unfavourable direction. A common method of protection against interest risk is to enter into interest rate swap (IRS) contracts. Liquidity risk arises in both lending and investment. This risk arises from the fact that it may become difficult if not impossible to liquidate securities, whether stocks or bonds, at a time of crisis. Liquidity crises commonly take place when investors wish to liquidate their assets at the same time. Selling pressure drives prices down and makes it impossible to liquidate securities at any but rock bottom prices. This is essentially what transpired during the recent 2008 global financial crisis.
Author : T.V.S. Ramamohan Rao
Publisher : Springer
ISBN 13 : 8132225627
Total Pages : 303 pages
Book Rating : 4.1/5 (322 download)
Download or read book Risk Sharing, Risk Spreading and Efficient Regulation written by T.V.S. Ramamohan Rao and published by Springer. This book was released on 2015-10-22 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides an integrated approach to risk sharing, risk spreading and efficient regulation through principal agent models. It emphasizes the role of information asymmetry and risk sharing in contracts as an alternative to transaction cost considerations. It examines how contracting, as an institutional mechanism to conduct transactions, spreads risks while attempting consolidation. It further highlights the shifting emphasis in contracts from Coasian transaction cost saving to risk sharing and shows how it creates difficulties associated with risk spreading, and emphasizes the need for efficient regulation of contracts at various levels. Each of the chapters is structured using a principal agent model, and all chapters incorporate adverse selection (and exogenous randomness) as a result of information asymmetry, as well as moral hazard (and endogenous randomness) due to the self-interest-seeking behavior on the part of the participants.
Author : Kyoung-Kuk Kim
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)
Download or read book Transferring and Sharing Exchange-Rate Risk in a Risk-Averse Supply Chain of a Multinational Firm written by Kyoung-Kuk Kim and published by . This book was released on 2013 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes risk management contracts used to handle currency risk in a decentralized supply chain that consists of risk-averse divisions in a multinational firm. Particular contracts of interest involve transferring risk to a third party by using risk-transfer contracts such as currency options and re-arranging risk between supply chain members using risk-sharing contracts. Due to decentralization, operational and risk management decisions are made locally; however, a headquarter who is interested in total supply chain profit has some controllability over those activities. We question if each kind of risk management contract can improve the utility of all supply chain members compared to the utility without any of those, and how the conditions to achieve such improvements are different. Further structural differences are investigated via sensitivity analysis with respect to the transfer price, the variability of exchange rates, and the location of the headquarter. We also find that using the two kinds of contracts jointly does not necessarily result in better outcomes.
Author : Christopher L. Culp
Publisher : John Wiley & Sons
ISBN 13 : 0471263699
Total Pages : 590 pages
Book Rating : 4.4/5 (712 download)
Download or read book The ART of Risk Management written by Christopher L. Culp and published by John Wiley & Sons. This book was released on 2002-07-11 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn about today's hottest new risk management tools One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.
Author : Christian Laux
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (129 download)
Download or read book Financing Risk Transfer under Governance Problems written by Christian Laux and published by . This book was released on 2009 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders and owners are two distinct groups in a stock insurer, while they are one and the same in a mutual. This distinction is relevant to raising capital and selling policies in the presence of frictional cost of capital. Free-rider and commitment problems in a stock insurer limit shareholders' compensation for the frictional cost and therefore the level of capital that can be raised. By tying sales of policies to the provision of capital, the mutual form can overcome these problems at the cost of less diversified owners.
Author : Putri Swastika
Publisher : Springer Nature
ISBN 13 : 3030826422
Total Pages : 150 pages
Book Rating : 4.0/5 (38 download)
Download or read book Applying Risk-Sharing Finance for Economic Development written by Putri Swastika and published by Springer Nature. This book was released on 2021-09-13 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.
Author : Saad Bakkali
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110593432
Total Pages : 141 pages
Book Rating : 4.1/5 (15 download)
Download or read book Risk-Sharing Finance written by Saad Bakkali and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-05-10 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contemporary finance deals mainly with multilateral and multi-counterparty transactions. Islamic Jurisprudence (Fiqh) has yet to develop its conceptualization of this modality of financing. Thus far, it has become a norm for large financing projects to rely on a complex structure of interconnected bilateral contracts that in totality becomes opaque, complex and costly. An unfortunate result of the unavailability of an efficient Fiqhi model applicable to modern multilateral and multi-counterparty contracts has been the fact that the present Islamic finance has been forced to replicate conventional risk-transfer (interest rate based) debt contracts thus drawing severe criticisms of duplicating conventional finance. In 2012, a gathering of some of the Muslim world’s most prominent experts in Jurisprudence (Fuqaha) and economists issued the Kuala Lumpur Declaration (Fatwa) in which they identified risk sharing as the essence of Islamic finance. The Declaration opened the door for a new Fiqh approach to take the lead in developing the jurisprudence of multilateral and multi-counterparty transactions. This Declaration (Fatwa) provides a prime motivation to search for a comprehensive model of risk sharing that can serve as an archetypal contract encompassing all potential contemporary financial transactions. From the perspective of Islamic Jurisprudence (Fiqh), the technicalities of the concept of risk sharing in contemporary finance have yet to be defined in Islamic literature. This book attempts to clarify and shed light on these technicalities from the perspective of Fiqh. It is a comprehensive study that relies on the fundamental Islamic sources to establish a theoretical and practical perspective of Fiqh encompassing risk-sharing Islamic finance as envisioned in the Kuala Lumpur Declaration of 2012. This new paradigm should lead to a more efficient approach to multilateral and multi-counterparty Islamic contracts which, here-to-fore has been lacking in the current configuration of Islamic finance.
Author : Tyson Macaulay
Publisher : Morgan Kaufmann
ISBN 13 : 0124199909
Total Pages : 405 pages
Book Rating : 4.1/5 (241 download)
Download or read book RIoT Control written by Tyson Macaulay and published by Morgan Kaufmann. This book was released on 2016-09-16 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: RIoT Control: Understanding and Managing Risks and the Internet of Things explains IoT risk in terms of project requirements, business needs, and system designs. Learn how the Internet of Things (IoT) is different from "Regular Enterprise security, more intricate and more complex to understand and manage. Billions of internet-connected devices make for a chaotic system, prone to unexpected behaviors. Industries considering IoT technologies need guidance on IoT-ready security and risk management practices to ensure key management objectives like Financial and Market success, and Regulatory compliance. Understand the threats and vulnerabilities of the IoT, including endpoints, newly emerged forms of gateway, network connectivity, and cloud-based data centers. Gain insights as to which emerging techniques are best according to your specific IoT system, its risks, and organizational needs. After a thorough introduction to the Iot, Riot Control explores dozens of IoT-specific risk management requirements, examines IoT-specific threats and finally provides risk management recommendations which are intended as applicable to a wide range of use-cases. - Explains sources of risk across IoT architectures and performance metrics at the enterprise level - Understands risk and security concerns in the next-generation of connected devices beyond computers and mobile consumer devices to everyday objects, tools, and devices - Offers insight from industry insiders about emerging tools and techniques for real-world IoT systems
Author : Esteban Kylo
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (69 download)
Download or read book Risk-proofing Your Life The Ultimate Insurance Risk Management Resource written by Esteban Kylo and published by . This book was released on 2023-12-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding RiskRisk is an integral part of our lives, and it affects each and every one of us. Whether we realize it or not, we are constantly exposed to various risks that can have a significant impact on our well-being, finances, and future. Therefore, it is crucial for everyone to have a fundamental understanding of risk and how to manage it effectively. This subchapter aims to provide you with the essential knowledge and tools to navigate the complex world of risk management. To begin with, what exactly is risk? In simple terms, risk refers to the possibility of an adverse event occurring that could result in harm, loss, or damage. These events can be unpredictable and can arise from a multitude of sources, such as natural disasters, accidents, health issues, or financial setbacks. Understanding the different types of risks and their potential consequences is the first step in protecting yourself and your assets. Risk management, on the other hand, is the process of identifying, assessing, and prioritizing risks, followed by the implementation of strategies to minimize or mitigate their impact. It involves a systematic approach that requires careful analysis, planning, and decision-making. By effectively managing risks, you can safeguard your personal and financial well-being, as well as the interests of your loved ones. This subchapter will delve into various aspects of risk management, including risk identification, risk assessment, risk control, and risk transfer. You will learn how to identify potential risks in different areas of your life, evaluate their likelihood and impact, and develop strategies to reduce their probability or mitigate their consequences. Additionally, we will explore the concept of risk transfer through insurance and other risk-sharing mechanisms, enabling you to make informed decisions regarding the appropriate coverage for your specific needs. Understanding risk is not only important for individuals but also for businesses and organizations. Effective risk management can help businesses thrive in a competitive environment, protect their assets, and minimize potential liabilities. Therefore, this subchapter will also touch upon risk management strategies tailored to the needs of businesses. Whether you are an individual seeking to protect your family and assets or a business owner aiming to secure your enterprise, this subchapter will provide you with the knowledge and tools to navigate the complex world of risk management. By understanding risk and implementing effective risk management strategies, you can proactively safeguard your life, financial well-being, and future.
Author : Christoph Weber
Publisher : Springer Science & Business Media
ISBN 13 : 3834967882
Total Pages : 367 pages
Book Rating : 4.8/5 (349 download)
Download or read book Insurance Linked Securities written by Christoph Weber and published by Springer Science & Business Media. This book was released on 2011-06-28 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Securitisations of insurance risk as new methods of risk transfer have been emerging in the global financial market during the recent twenty years. Christoph Weber analyses the techniques of traditional methods in comparison with securitisations for life- and non-life insurance risk.
Author : Susan Snedaker
Publisher : Butterworth-Heinemann
ISBN 13 : 0080553729
Total Pages : 481 pages
Book Rating : 4.0/5 (85 download)
Download or read book Business Continuity and Disaster Recovery Planning for IT Professionals written by Susan Snedaker and published by Butterworth-Heinemann. This book was released on 2011-04-18 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Powerful Earthquake Triggers Tsunami in Pacific. Hurricane Katrina Makes Landfall in the Gulf Coast. Avalanche Buries Highway in Denver. Tornado Touches Down in Georgia. These headlines not only have caught the attention of people around the world, they have had a significant effect on IT professionals as well. As technology continues to become more integral to corporate operations at every level of the organization, the job of IT has expanded to become almost all-encompassing. These days, it's difficult to find corners of a company that technology does not touch. As a result, the need to plan for potential disruptions to technology services has increased exponentially. That is what Business Continuity Planning (BCP) is: a methodology used to create a plan for how an organization will recover after a disaster of various types. It takes into account both security and corporate risk management tatics.There is a lot of movement around this initiative in the industry: the British Standards Institute is releasing a new standard for BCP this year. Trade shows are popping up covering the topic.* Complete coverage of the 3 categories of disaster: natural hazards, human-caused hazards, and accidental and technical hazards.* Only published source of information on the new BCI standards and government requirements.* Up dated information on recovery from cyber attacks, rioting, protests, product tampering, bombs, explosions, and terrorism.
Author :
Publisher : Dr John Chibaya Mbuya
ISBN 13 : 0981426727
Total Pages : 167 pages
Book Rating : 4.9/5 (814 download)
Download or read book Risk Management Philosophy written by and published by Dr John Chibaya Mbuya. This book was released on with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tai-Yeong Chung
Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Risk Sharing, Specific Investment and Incomplete Contracts written by Tai-Yeong Chung and published by London : Department of Economics, University of Western Ontario. This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Saad Bakkali
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110590557
Total Pages : 159 pages
Book Rating : 4.1/5 (15 download)
Download or read book Risk-Sharing Finance written by Saad Bakkali and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-05-10 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contemporary finance deals mainly with multilateral and multi-counterparty transactions. Islamic Jurisprudence (Fiqh) has yet to develop its conceptualization of this modality of financing. Thus far, it has become a norm for large financing projects to rely on a complex structure of interconnected bilateral contracts that in totality becomes opaque, complex and costly. An unfortunate result of the unavailability of an efficient Fiqhi model applicable to modern multilateral and multi-counterparty contracts has been the fact that the present Islamic finance has been forced to replicate conventional risk-transfer (interest rate based) debt contracts thus drawing severe criticisms of duplicating conventional finance. In 2012, a gathering of some of the Muslim world’s most prominent experts in Jurisprudence (Fuqaha) and economists issued the Kuala Lumpur Declaration (Fatwa) in which they identified risk sharing as the essence of Islamic finance. The Declaration opened the door for a new Fiqh approach to take the lead in developing the jurisprudence of multilateral and multi-counterparty transactions. This Declaration (Fatwa) provides a prime motivation to search for a comprehensive model of risk sharing that can serve as an archetypal contract encompassing all potential contemporary financial transactions. From the perspective of Islamic Jurisprudence (Fiqh), the technicalities of the concept of risk sharing in contemporary finance have yet to be defined in Islamic literature. This book attempts to clarify and shed light on these technicalities from the perspective of Fiqh. It is a comprehensive study that relies on the fundamental Islamic sources to establish a theoretical and practical perspective of Fiqh encompassing risk-sharing Islamic finance as envisioned in the Kuala Lumpur Declaration of 2012. This new paradigm should lead to a more efficient approach to multilateral and multi-counterparty Islamic contracts which, here-to-fore has been lacking in the current configuration of Islamic finance.
Author : Daniel R. Philpott
Publisher : Newnes
ISBN 13 : 1597496421
Total Pages : 585 pages
Book Rating : 4.5/5 (974 download)
Download or read book FISMA and the Risk Management Framework written by Daniel R. Philpott and published by Newnes. This book was released on 2012-12-31 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: FISMA and the Risk Management Framework: The New Practice of Federal Cyber Security deals with the Federal Information Security Management Act (FISMA), a law that provides the framework for securing information systems and managing risk associated with information resources in federal government agencies. Comprised of 17 chapters, the book explains the FISMA legislation and its provisions, strengths and limitations, as well as the expectations and obligations of federal agencies subject to FISMA. It also discusses the processes and activities necessary to implement effective information security management following the passage of FISMA, and it describes the National Institute of Standards and Technology's Risk Management Framework. The book looks at how information assurance, risk management, and information systems security is practiced in federal government agencies; the three primary documents that make up the security authorization package: system security plan, security assessment report, and plan of action and milestones; and federal information security-management requirements and initiatives not explicitly covered by FISMA. This book will be helpful to security officers, risk managers, system owners, IT managers, contractors, consultants, service providers, and others involved in securing, managing, or overseeing federal information systems, as well as the mission functions and business processes supported by those systems. - Learn how to build a robust, near real-time risk management system and comply with FISMA - Discover the changes to FISMA compliance and beyond - Gain your systems the authorization they need
