Powers | Acts of God and Man | Buch | sack.de

Powers Acts of God and Man



Ruminations on Risk and Insurance

Neuausgabe 2011, 304 Seiten, Gebunden, Format (B × H): 160 mm x 231 mm, Gewicht: 499 g Reihe: Columbia Business School Publishing
ISBN: 978-0-231-15366-9
Verlag: COLUMBIA UNIV PR


Powers Acts of God and Man

Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science.A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or "aloof" from the behavior of markets. Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance. Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses. The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physics, philosophy, and game theory to assess science's limitations in predicting the ramifications of risk.

Autoren/Hrsg.


Weitere Infos & Material


Powers, Michael
Michael R. Powers is professor of risk management and insurance at Temple University's Fox School of Business and distinguished visiting professor of finance at Tsinghua University's School of Economics and Management. He serves as chief editor of the Journal of Risk Finance and the Asia-Pacific Journal of Risk and Insurance, and has coedited two books: Global Risk Management: Financial, Operational, and Insurance Strategies and The Economics and Politics of Choice No-Fault Insurance. Previously, Powers was appointed deputy insurance commissioner for the Commonwealth of Pennsylvania, and served as member of the Pennsylvania Health-Care Cost Containment Council during its formative years. He has consulted on a variety of regulatory and tax concerns for clients in both the public and private sectors.


Ihre Fragen, Wünsche oder Anmerkungen

Ihre Nachricht*
Wie möchten Sie kontaktiert werden?
Anrede*
Titel
Vorname*
Nachname*
Ihre E-Mail-Adresse*
Firma
Telefon
Fax
Bestellnr.
Kundennr.
Lediglich mit * gekennzeichnete Felder sind Pflichtfelder.
Wenn Sie die im Kontaktformular eingegebenen Daten durch Klick auf den nachfolgenden Button übersenden, erklären Sie sich damit einverstanden, dass wir Ihr Angaben für die Beantwortung Ihrer Anfrage verwenden. Selbstverständlich werden Ihre Daten vertraulich behandelt und nicht an Dritte weitergegeben. Sie können der Verwendung Ihrer Daten jederzeit widersprechen. Das Datenhandling bei Sack Fachmedien erklären wir Ihnen in unserer Datenschutzerklärung.