{"product_id":"risk-management-and-insurance-isbn-9781405125413","title":"Risk Management and Insurance","description":"Skipper \u0026amp; Kwon's \u003ci\u003eRisk Management \u0026amp; Insurance: Perspectives in a Global Economy\u003c\/i\u003e provides an in-depth understanding of international risk management and insurance, their dynamics, and the economic, social, political, and regulatory environments surrounding global risk and insurance markets. \u003cbr\u003e \u003cul\u003e \u003cli style=\"list-style: none\"\u003e\n\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eIncorporates an international perspective from the outset, filling the need to address risk issues on a global scale\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eFollows theory with practice, analyzing real-world case studies, and exploring sound risk management and insurance operations in the future\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eIncludes discussion questions and exercise modules to help students understand the issues and apply their learning\u003cbr\u003e \u003c\/li\u003e \u003cli\u003ePowerPoint slides and updates are available online at http:\/\/facpub.stjohns.edu\/~kwonw\u003c\/li\u003e \u003c\/ul\u003e  Preface.  \u003cp\u003e\u003cb\u003ePart I: Introduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Introduction to Risk Management and Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe Importance of an International Perspective.\u003c\/p\u003e \u003cp\u003eRisk Management and Economic Growth.\u003c\/p\u003e \u003cp\u003eThe Language of Risk and Insurance Internationally.\u003c\/p\u003e \u003cp\u003eThe Environment for Risk and Insurance Internationally.\u003c\/p\u003e \u003cp\u003eThe Structure of this Book.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Risk Perceptions and Reactions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eIndividual Decision-Making Under Uncertainty.\u003c\/p\u003e \u003cp\u003eBusiness Decision-Making Under Uncertainty.\u003c\/p\u003e \u003cp\u003eSocietal Decision-Making Under Uncertainty.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. The Economics of International Trade.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Economic Theory of Trade.\u003c\/p\u003e \u003cp\u003eFair Trade Concepts.\u003c\/p\u003e \u003cp\u003eInternational Trade in Insurance: Economics and Policy.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Factors Shaping the Risk Environment Internationally.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Societal Risk Assessment and Control: Theory and Practice.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe Role of Government in Societal Risk Management.\u003c\/p\u003e \u003cp\u003eAlternative Approaches to Societal Risk Management.\u003c\/p\u003e \u003cp\u003eUnderstanding Societal Risk Perceptions and Decision-Making.\u003c\/p\u003e \u003cp\u003eConclusion: The Ultimate Risk Bearer.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Catastrophe Risk Assessment: Natural Hazards.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eCatastrophic Events: Definition and Trends.\u003c\/p\u003e \u003cp\u003eTypes of Natural Disasters.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Catastrophe Risk Assessment: Human Factors.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eTerrorism.\u003c\/p\u003e \u003cp\u003eCritical Infrastructure Risks.\u003c\/p\u003e \u003cp\u003eEnvironmental Risks.\u003c\/p\u003e \u003cp\u003eThe Role of the Precautionary Principle.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Societal Risk Management and Changing Demographics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe Demographic Transformation.\u003c\/p\u003e \u003cp\u003eImplications for Fiscal Balance.\u003c\/p\u003e \u003cp\u003eEconomic Growth and Labor Market Challenges.\u003c\/p\u003e \u003cp\u003eThe Challenges to Financial Markets.\u003c\/p\u003e \u003cp\u003eImplications for International Relations and Stability.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Regulation of Private-Sector Financial Services.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003ePrivate-Sector Financial Services.\u003c\/p\u003e \u003cp\u003eGovernment’s Role in Regulating Private-Sector Financial Services.\u003c\/p\u003e \u003cp\u003eOverview of Financial Services Regulation.\u003c\/p\u003e \u003cp\u003eStructure of Regulatory Authorities.\u003c\/p\u003e \u003cp\u003eGovernmental Actions Affecting Financial Services Regulation.\u003c\/p\u003e \u003cp\u003eConclusion and Future Prospects:.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Public-Sector Economic Security.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eWhy Private Markets Fail to Provide Some Financial Services.\u003c\/p\u003e \u003cp\u003eSelected Public-Based Economic Security Services.\u003c\/p\u003e \u003cp\u003eThe Future of Social Insurance.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. The Legal Environment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eMajor Legal Systems of the World.\u003c\/p\u003e \u003cp\u003eSubstantive and Procedural Law.\u003c\/p\u003e \u003cp\u003eTort Law Variations Internationally.\u003c\/p\u003e \u003cp\u003eInternational Variations in Contract Law.\u003c\/p\u003e \u003cp\u003eChoice of Law and Free Trade.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Sociocultural Effects on Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Intersection of Culture and Risk Management.\u003c\/p\u003e \u003cp\u003eCulture and Informal Risk Management Arrangements.\u003c\/p\u003e \u003cp\u003eMicrofinance.\u003c\/p\u003e \u003cp\u003eRisk Perception Theories and Formal Insurance.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Enterprise Risk Management in a Global Economy.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12. Enterprise Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe Evolution of Enterprise Risk Management.\u003c\/p\u003e \u003cp\u003eRisk Management Fundamentals.\u003c\/p\u003e \u003cp\u003eThe ERM Framework.\u003c\/p\u003e \u003cp\u003eThe Risk Management Process.\u003c\/p\u003e \u003cp\u003eConclusions.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences 23 PM.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13. Internal Loss Financing Arrangements.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eMotivations for Internal Loss Financing.\u003c\/p\u003e \u003cp\u003eSelf-Insurance.\u003c\/p\u003e \u003cp\u003eCaptive Insurance Companies.\u003c\/p\u003e \u003cp\u003eOther ART Techniques.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14. External Loss Financing Arrangements.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eRisk Financing Through Derivatives.\u003c\/p\u003e \u003cp\u003eRisk Financing Through Insurance.\u003c\/p\u003e \u003cp\u003eIntegrated Loss Financing Arrangements.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eAppendix 14A: Proof of Currency Relations.\u003c\/p\u003e \u003cp\u003eAppendix 14B: Pricing Currency Options.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15. Risk Management for Catastrophes.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eRisk Analysis.\u003c\/p\u003e \u003cp\u003eRisk Control.\u003c\/p\u003e \u003cp\u003eRisk Financing.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16. Personnel Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEmployee Benefits.\u003c\/p\u003e \u003cp\u003eRisk Management for International Employees.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17. Political Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eModes of Foreign Market Entry.\u003c\/p\u003e \u003cp\u003eNature of Political Risk.\u003c\/p\u003e \u003cp\u003eRisk Analysis.\u003c\/p\u003e \u003cp\u003eRisk Control.\u003c\/p\u003e \u003cp\u003eFinancing the Political Risk Exposure PM.\u003c\/p\u003e \u003cp\u003eThe Importance of Monitoring.\u003c\/p\u003e \u003cp\u003ePolitical Considerations in Emerging Markets.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18. Intellectual Property and Technology Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eIntellectual Property Risk.\u003c\/p\u003e \u003cp\u003eInformation Technology Risk.\u003c\/p\u003e \u003cp\u003eBiotechnology Risk: The Human Genome Project.\u003c\/p\u003e \u003cp\u003eNanotechnology Risk.\u003c\/p\u003e \u003cp\u003eTechnology and the Environment.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Insurance in a Global Economy.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19. The Economic Foundations of Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExpected Utility and the Demand for Insurance.\u003c\/p\u003e \u003cp\u003eInsurance Supply: Characteristics of Ideal Insurable Exposures.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20. The Nature and Importance of Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Insurance Production Process.\u003c\/p\u003e \u003cp\u003eOverview of Insurance Worldwide.\u003c\/p\u003e \u003cp\u003eThe International Dimensions of Insurance Supply.\u003c\/p\u003e \u003cp\u003eThe Role of Insurance in Economic Growth.\u003c\/p\u003e \u003cp\u003eDeterminants of Insurance Market Structure.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21. Life Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003ePolicies Sold by Life Insurance Companies.\u003c\/p\u003e \u003cp\u003eSelected Life Insurance Markets Internationally.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences 7:49:24 PM.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e22. Nonlife Insurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003ePolicies Sold by Nonlife Insurance Companies.\u003c\/p\u003e \u003cp\u003eSelected Nonlife Insurance Markets Internationally.\u003c\/p\u003e \u003cp\u003eNonlife Insurance Issues.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e23. Reinsurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eWorldwide Risk Sharing.\u003c\/p\u003e \u003cp\u003eReinsurance Demand.\u003c\/p\u003e \u003cp\u003eReinsurance Fundamentals and Operations.\u003c\/p\u003e \u003cp\u003eReinsurance Markets.\u003c\/p\u003e \u003cp\u003eReinsurance Regulation.\u003c\/p\u003e \u003cp\u003eConclusions.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e24. Regulation and Taxation in Insurance Markets.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eInsurance Regulation.\u003c\/p\u003e \u003cp\u003eTaxation in Insurance.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e25. Financial Services Integration.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eMeanings and Forms of Integration.\u003c\/p\u003e \u003cp\u003eThe Economics of Integration.\u003c\/p\u003e \u003cp\u003eManagement Issues in Integration.\u003c\/p\u003e \u003cp\u003ePublic Policy Concerns in Integration.\u003c\/p\u003e \u003cp\u003eThe Future of Financial Services Integration.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Conclusions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e26. Risk Management and Insurance in a Global Economy: A Future\u003c\/b\u003e \u003cb\u003ePerspective.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eEnvironments of the Future24 PM.\u003c\/p\u003e \u003cp\u003eRisk Management in a Future Global Setting.\u003c\/p\u003e \u003cp\u003eInsurance in a Future Global Setting.\u003c\/p\u003e \u003cp\u003eClosing Observations.\u003c\/p\u003e \u003cp\u003eDiscussion Questions.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eGlossary of Key Terms and Acronyms.\u003c\/p\u003e \u003cp\u003eIndex\u003c\/p\u003e  \"'Balanced' is a good word for describing this text. In addition to striking a nice balance between accessibility and thoroughness, it also maintains good balances between breadth and depth, and between the areas of risk management and insurance. I found the writing clear and the within-chapter organization of topics very logical. The text would be useful to both MBA students and insurance industry professionals.\"\u003cbr\u003e \u003ci\u003eProfessor Michael R. Powers\u003c\/i\u003e, \u003ci\u003eTemple University\u003c\/i\u003e  \u003cb\u003eHarold D. Skipper\u003c\/b\u003e is former Chairman of the Department of Risk Management and Insurance at Georgia State University where he held the C.V. Starr Chair of International Insurance. He is past President of the American Risk and Insurance Association and Associate Editor of Risk Management \u0026amp; Insurance Review and Geneva Papers on Risk and Insurance. He has authored and edited numerous books, including \u003ci\u003eLife \u0026amp; Health Insurance, 13e\u003c\/i\u003e (with Kenneth Black, 2000) and \u003ci\u003eInternational Risk \u0026amp; Insurance: An Environmental-Managerial Approach\u003c\/i\u003e (1998). \u003cbr\u003e \u003cbr\u003e \u003cp\u003e\u003cb\u003eW. Jean Kwon\u003c\/b\u003e is Associate Professor of Insurance at the School of Risk Management, St. John’s University. He gained his experience from working in academia, the insurance industry and the government in the U.S. and abroad. He is past President of the Asia-Pacific Risk and Insurance Association and serves the Organization Committee of the World Risk and Insurance Economics Congress. He has authored several books, including \u003ci\u003eRisk Management and Insurance in a Singapore Context\u003c\/i\u003e (2000), and is on the editorial and advisory boards of several insurance journals and insurance institutions worldwide.\u003cbr\u003e \u003cbr\u003e \u003c\/p\u003e  In an increasingly globalized marketplace, companies face risks; not only financial risks, but political, environmental, social, and health risks as well. Instructors and students worldwide recognize the need to study these issues on a global scale.\u003cbr\u003e \u003cp\u003eFrom the first page, \u003ci\u003eRisk Management and Insurance: Perspectives in a Global Economy\u003c\/i\u003e incorporates an innovative international perspective, explaining and exploring risk issues, their dynamics, and the economic, social, political, and regulatory environments surrounding global risk and insurance markets. The authors follow theory with practice, analyzing real-world case studies, and explore sound risk management and insurance operations in the future. Discussion questions and exercise modules help students understand these issues and apply their learning. This new textbook from leaders in the field is ideally suited for use in core insurance courses in business schools, at both the undergraduate and MBA levels.\u003c\/p\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989967028453,"sku":"NP9781405125413","price":84.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781405125413.jpg?v=1761786061","url":"https:\/\/k12savings.com\/es\/products\/risk-management-and-insurance-isbn-9781405125413","provider":"K12savings","version":"1.0","type":"link"}