Christopher L. Culp
Wiley Finance Series
Hoboken, New Jersey: Wiley, 2006
892pp, ISBN: 978-0-471-70631-1
This introduction to alternative risk transfer (ART) provides an overview of the key financing and risk management innovations in both insurance and capital markets. It examines the development and benefits of this new generation of products for managing market, credit, operational, legal, and other risks, and explains the theory and practice of risk transfer through either balance sheet mechanisms or insurance.