Earn 5% cashback with the Mashreq noon Credit Card. Apply now
Publisher | VDM Verlag Dr. Mueller E.K. |
ISBN 13 | 9783639011708 |
ISBN 10 | 3639011708 |
Author | Florian Klingenschmid |
Book Format | Paperback |
Language | English |
Book Description | The world is getting increasingly complex and interconnected. Conse-quently it is very important for companies to manage and control their risks efficiently. Traditional risk management tools such as commercial insurance or securitization have been deemed insufficient and therefore new instruments were necessary. These are the so-called Alternative Risk Transfer and Alternative Risk Finance methods. The most widely used form is Captive Insurance. The first part in this book explains the basics of captive insurance. Different types of captives, reasons for foundation and the inter-national captive market will be discussed. An analysis of the influence that captives have on the risk management of their parent company is the second part of the book. Companies that have founded captives recently will be examined in order to see possible influences. The last part takes a look at how captives influence the credit rating of the founding company. The theoretical and practical approaches used in this book will give the reader a solid understanding of the function and use of captives in risk management. |
Publication Date | 2 May 2008 |
Number of Pages | 68 pages |
Captive Insurance Companies in Risk Management