Comprehensive Risk Management

Author: Doughty
Publisher:
Publish Date: 2005-10-01
Features: Risk management has become an integral part of today's corporate operations. As we enter the 21st century, unprecedented global competition and narrow profit margins have made financial risk management a fundamental means for companies to achieve value, success, and survival. Comprehensive Risk Management combines the best strategies and products in insurance and financial risk management, providing companies with innovative and effective solutions for managing risks ranging from perilous risks to financial risks. Extensive research and case studies have demonstrated how companies can use financial management and insurance techniques to holistically manage their risks, including financial risks, insurable risks, operational risks, and business risks. Comprehensive Risk Management offers discussions and recommendations on the following aspects: hedging strategies for transferring risks and restructuring strategies for accepting risks; an in-depth analysis of loss-after-investment decisions under different financial assumptions; a detailed explanation of how and why emergency financing tools such as insurance, options, and convertible bonds should be integrated with leverage tools. By combining the best approaches of insurance and financial management, Comprehensive Risk Management provides practical solutions for today's businesses to adapt to increasingly complex risk environments. The comprehensive approach introduced in this book emphasizes analyzing all sources of risk and demonstrates how to leverage today's most effective technologies to successfully manage the risks faced by companies.