Insurance Economics
Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance among individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance. Appropriate both for advanced undergraduate and graduate students of economics, management, and finance, this text provides the background required to understand current research. Predictions derived from theoretical arguments are not merely stated, but also related to empirical evidence. Throughout the book, conclusions summarize key results, helping readers to check their knowledge and comprehension. Issues discussed include paradoxes in decision making under risk and attempts at their resolution, moral hazard and adverse selection including the possibility of a "death spiral", and future challenges to both private and social insurance such as globalization and the availability of genetic information. This second edition has been extensively revised. Most importantly, substantial content has been added to represent the evolution of risk-related research. A new chapter, Insurance Demand II: Nontraditional Approaches, provides a timely addition in view of recent developments in risk theory and insurance. Previous discussions of Enterprise Risk Management, long-term care insurance, adverse selection, and moral hazard have all been updated. In an effort to expand the global reach of the text, evidence and research from the U.S. and China have also been added.
Understanding Financial Risk Tolerance
This book revolves around the concept of financial risk tolerance and its role in financial markets. Bridging different literatures and reviewing in detail the impact of European regulation on the evolution of risk tolerance assessment, this book discusses the intersection of scholarly research, practitioner experience and current and likely normative developments. In particular, the book focuses on the evolution of the debate on the suitability questionnaire - a key tool introduced with the Markets in Financial Instruments Directive (MiFID) and further developed with MiFID's successor - comparing it with empirical evidence on financial risk tolerance determinants, spanning from sociodemographic to behavioral components and life events. The book also looks at the future evolution of the normative framework post MiFID2 addressing in detail two key trends that are already affecting the way in which risk tolerance is dealt with in European financial markets - sustainable development and fintech and roboadvisory. The book includes an original survey run with financial market experts to assess the perceptions regarding these two trends and includes commentaries by a professional financial advisor on the key topics discussed.
Settling Climate Accounts
As drivers of climate action enter the fourth decade of what has become a multi-stage race, Net Zero has emerged as the dominant organizing principle. Hundreds of corporations and investors worldwide, together responsible for assets in the tens of trillions of dollars, are lining-up for the UN Race to Zero. This latest stage in the race to save civilization from heat, drought, fires, and floods, is defined by steering toward zeroing out greenhouse gas emissions by 2050. Settling Climate Accounts probes the practice of Net Zero finance. It elucidates both the state of play and a set of directions that help form judgements about whether Net Zero is going to carry climate action far enough. The book delves into technical analyses and activates the reader's imagination with narrative accounts of climate action past, present, and future. Settling Climate Accounts is edited and authored by Stanford University faculty and researchers. Thefirst part of the book investigates the rough edges of Net Zero in practice, exploring questions of hedging risk, Scope 3 emissions, greenwashing, and the business of asset management. The second half looks at states, markets, and transitions through the lenses of blended finance, offsets, debt, and securitization. The editors tease out possible solutions and raise further questions about the adequacy and reach of the Net Zero agenda. To effectively navigate the road ahead, the editors call out the need for accountability and ask: who is in charge of making Net Zero add up? Settling Climate Accounts offers context and foundation to ground the rapidly evolving practice of Net Zero finance. Targeted at seasoned practitioners, newly activated leaders, educators, and students of climate action the world over, this book embraces the complexity of climate action and, in so doing, proposes to animate and drive hope.
Modelling Economic Capital
How might one determine if a financial institution is taking risk in a balanced and productive manner? A powerful tool to address this question is economic capital, which is a model-based measure of the amount of equity that an entity must hold to satisfactorily offset its risk-generating activities. This book, with a particular focus on the credit-risk dimension, pragmatically explores real-world economic-capital methodologies and applications. It begins with the thorny practical issues surrounding the construction of an (industrial-strength) credit-risk economic-capital model, defensibly determining its parameters, and ensuring its efficient implementation. It then broadens its gaze to examine various critical applications and extensions of economic capital; these include loan pricing, the computation of loan impairments, and stress testing. Along the way, typically working from first principles, various possible modelling choices and related concepts are examined. The end resultis a useful reference for students and practitioners wishing to learn more about a centrally important financial-management device.
Artificial Intelligence and Credit Risk
This book focuses on the alternative techniques and data leveraged for credit risk, describing and analysing the array of methodological approaches for the usage of techniques and/or alternative data for regulatory and managerial rating models. During the last decade the increase in computational capacity, the consolidation of new methodologies to elaborate data and the availability of new information related to individuals and organizations, aided by the widespread usage of internet, set the stage for the development and application of artificial intelligence techniques in enterprises in general and financial institutions in particular. In the banking world, its application is even more relevant, thanks to the use of larger and larger data sets for credit risk modelling. The evaluation of credit risk has largely been based on client data modelling; such techniques (linear regression, logistic regression, decision trees, etc.) and data sets (financial, behavioural, sociologic, geographic, sectoral, etc.) are referred to as "traditional" and have been the de facto standards in the banking industry. The incoming challenge for credit risk managers is now to find ways to leverage the new AI toolbox on new (unconventional) data to enhance the models' predictive power, without neglecting problems due to results' interpretability while recognizing ethical dilemmas. Contributors are university researchers, risk managers operating in banks and other financial intermediaries and consultants. The topic is a major one for the financial industry, and this is one of the first works offering relevant case studies alongside practical problems and solutions.
Better Behavior + Better Decisions = Less Risk
Effective risk management involves many factors. Identifying, evaluating, mitigating risks, and then communicating this information to appropriate parties, are each well-known and highly recommended activities in the process. Risk management has always entailed a significant analytical component in many elements of the process, as it should. What I believe has not been sufficiently appreciated is that the quality of the decisions people make is the most powerful determinant of success or failure of a risk management process. Further, there is a growing body of research that has shown that decision making is flawed, and often times biased in many ways, leading to ineffective and many times damaging decisions for organizations of all kinds. "Better Behavior + Better Decisions = Less Risk" examines the critical, and heretofore largely unexplored, role of understanding the human behaviors and decision-making processes involved in the art and science of risk management, and provides many illuminating examples of how organizations can make more effective decisions about addressing the risks they face. Each chapter concludes with a "Self Appraisal" section, where the reader can assess how his or her organization makes risk management decisions of all types, and how their organizations can make more effective decisions that increase the likelihood of their success.
Making Risk Management Work
This book articulates the need to engage people in the process of risk management. This new edition includes two brand new chapters, one taking a deeper dive into the common decision biases amongst groups in organisations, and one looking at virtual and hybrid ways of communication and facilitation.
A Risky Business
Gives a holistic view of the actuarial profession with core concepts and case studiesSheds light on how, why and when risk needs to be managed and the challenges of doing soDiscusses current issues such as climate change, ageing populations, private and governmental models of healthcare and globalizationExplores how actuaries play a role in finding solutions to mitigate ongoing challenges
Managing Future Challenges for Safety
This open access book addresses the future of work and industry by 2040--a core interest for many disciplines inspiring a strong momentum for employment and training within the industrial world. The future of industrial safety in terms of technological risk-management, although of obvious concern to international actors in various industries, has been quite sparsely addressed. This brief reflects the viewpoints of experts who come from different academic disciplines and various sectors such as oil and gas, energy, transportation, and the digital and even the military worlds, as expressed in debates and discussions during a two-day international seminar. The contributors address such questions as: What influence will ageing and lack of digital skills in the workforce of the occidental world have on safety culture?What are the likely impacts of big data, artificial intelligence and autonomous technologies on decision-making, and on the roles and responsibilities of individual actors and whole organizations?What role have human beings in a world of accelerating changes?What effects will societal concerns and the entrance of new players have on technological risk management and governance?Managing Future Challenges for Safety will interest and influence researchers considering the future effects of a number of currently developing technologies and their practitioner counterparts working in industry and regulation.
Revenue Management in the Lodging Industry
Chapter 1. Introduction to Hotel Revenue Management.- Chapter 2. Challenges with Harnessing the Revenue Opportunity.- Chapter 3. Hotel Pricing.- Chapter 4. Revenue Management of Room Rates.- Chapter 5. The Last Frontier: Room Attribute Pricing and Inventory Control.- Chapter 6. Personalization in Hospitality.- Chapter 7. The Checklist for Competitive Advantage.- Chapter 8. The Travel Agency View of Revenue Management.- Chapter 9. Artificial Intelligence and Emerging Technologies in Hospitality.- Chapter 10. Future State.
Income for Life Blueprint
This book covers in-depth what you need to do and not do to live your retirement years on your own terms and have the stress-free retirement you desire. The hard part is putting into action all of the mission-critical aspects of a retirement plan that this book covers. That's where we come in. We help people just like you design and implement a comprehensive financial plan that helps you reach your retirement goals so you never have to worry about whether you or your spouse will run out of money.
Life Skills Book
Life skills is a term used to describe many of your abilities to deal effectively with everyday problems. Whether it's problem-solving, learning decision-making, or acquiring communication skills, life skills expand your thinking and can be helpful in both your personal and professional endeavors. There are some essential life skills that everyone should learn and master, regardless of age, gender, location, or situation.In this book "Life Skills, This is What You're Missing" it lays out everything you need to know. You Will Learn and Discover...Crucial Life Skills to HaveCommit To a Specific GoalFocus and Concentrate5 Habits for An Extremely Productive Day6 Routine Building StrategiesPrepare For What's Coming6 Ways to Attract Your Potential5 Tips for A More Creative Brain6 Ways to Transform Your ThinkingAnd so many more...It's time to get it back! Let's Get You to Your Goals ASAP!Pick up your copy of the book right now by clicking the BUY NOW button at the top of this page!To Your Success!
Big Data
Big data - unstructured and/or structured data being used to influence underwriting, rating, pricing, forms, marketing and claims handling and incentivize risk reduction - is a relatively recent development in the insurance industry, the data sets previously being too impossibly great to analyse through traditional methods. However, with the global capacity to collect and store data growing alongside advancements in AI and machine learning technology, insurers need to seriously evaluate their technology stacks to ensure they can remain competitive and respond to growing customer demand. Striking a balance between the technical characteristics of the subject and the practical aspects of decision making, spanning from fraud analytics in claims management, to customer analytics, to risk analytics in solvency, the comprehensive coverage presented makes Big Data an invaluable resource for any insurance professional. Providing high quality academic research, Emerald Studies in Finance, Insurance, and Risk Management provides a platform for authors to explore, analyse and discuss current and new financial models and theories, and engage with innovative research on an international scale. Subjects of interest may include banking, accounting, auditing, compliance, sustainability, behaviour, management, and business economics.
Insurance Market Integration in the European Union
Offers an in-depth analysis of the mechanisms of insurance market integration and measures the degree of this integration. Examines the operation of the EU single financial market and against this backdrop, the regulation relating to the insurance market, international insurance market development and issues with assimilation.
The Spreadsheet Perpetual Inventory Method
What is the Spreadsheet Perpetual Inventory Method? It is a method to use a Spreadsheet to derive a stock value from a continuous list of flow variables. In the Spreadsheet Perpetual Inventory Method the flow inputs are totaled for the specific period of that cohort of flow data to provide the total stock in that period. The Spreadsheet Perpetual Inventory Method not only provides more accurate and dependable results than the Perpetual Inventory Method using mathematical equations, but it is simpler to use. The results are more understandable to the average person. Also, you do not require years of study as an actuary or a demographer to learn and use complex formulae. All you need to understand is the relationship between flows, including depreciation and appreciation when they are used, and stocks at any point in time. The user just has to understand simple arithmetic. Indeed, after the spreadsheet has been set up, the user just needs to know just how to use the spreadsheet and how it works. Yet this spreadsheet produces more accurate results than using mathematical equations. In this book the Spreadsheet Perpetual Inventory Method (SPIM) is described clearly and precisely, and this methodology can be used estimate the total stock or population at any time from the flows of the inputs and outputs. These flows can be continuously depreciated and appreciated at the same time, yet produce accurate totals. SPIM will greatly simplify accounting inventory estimation, actuarial methods, demography, ecology, and any other study that tries to estimate the value of stocks from flow data.
When Do I Take Which Distribution?
This book provides the statistical basis for quantitative risk management by presenting and explaining the most important distributions. Distributions describe the occurrence and impact of a risk. They are a prerequisite for risk aggregation, risk analysis and risk assessment as required by the German revision standards IDW PS 340, StaRUG and FISG.This book portrays the distributions that are fundamental for enterprise risk management and shows when and how they are used. These include the Bernoulli distribution, the binomial distribution, the Poisson distribution, the uniform distribution, the triangular distribution, the PERT distribution, the modified PERT distribution, the trapezoidal distribution, the custom distribution, the normal distribution, the lognormal distribution, the Weibull distribution, the expert distribution, the poly distribution and the compound distribution. Furthermore, the book explains how the parameterisation of the distributions can be done via expert estimates or algorithmic calibration.
Big Data Analytics in the Insurance Market
Big Data Analytics in the Insurance Market is an industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. This book will be a 'must' for people seeking to broaden their knowledge of big data concepts and their real-world applications, particularly in the field of insurance. The insurance industry is largely dependent on data, and the advent of Big Data and analytics represents a major advance with tremendous potential. Yet clear, practical advice on the business side of analytics is lacking. This book fills the void with concrete information on using Big Data in the context of day-to-day insurance operations and strategy. This book an invaluable resource for any insurance professional from practitioners and policymakers working at insurance companies, to undergraduate and graduate students of economics management, and finance. Providing high quality academic research, ESFIRM provides a platform for authors to explore, analyse and discuss current and new financial models and theories, and engage with innovative research on an international scale.
Risk Management Maturity
This book suggests a robust risk management maturity model and illustrates the application in crisis situations. It will interest entrepreneurs, managers and risk management professionals, who can use the model in their management processes, as well as enterprise stakeholders and academics.
Agile Enterprise Risk Management
In the VUCA (Volatile, Uncertain, Complex and Ambiguous) world in which we are currently operating the rapid evolution of forces acting on your company, such as technology, are driving continual change to the degree that you will need to be prepared to evolve and transform again and again to keep pace. There is no single target end-state that you can reach that will allow you to take an extended breather. The chances are, you will have to change course, maybe more than once, while executing any substantial transformation you undertake.If your company is to be sustainable, you will need to perform a Digital Transformation and prepare yourself to manage the numerous, varied and changing risks that go along with it. Authorities on risk management, such as ISO, COSO, OMB and NIST, focus more on what Risk Management should look like once it's in place than they do on how to get there. They generally leave it up to companies to determine how to organize and implement it, themselves.Agile Enterprise Risk Management is the discipline you will need to meet this challenge. Managing risks while transforming a company to enable continuous adaptation are substantial, and AERM practices are an evolutionary step away from traditional Risk Assessment, Risk Management and Risk Assurance. The value that Agile Enterprise Risk Management provides is guidance as to how to achieve accelerated RM while continuing to comply with relevant standards.Although you are now faced with the challenge of performing two transformations simultaneously, it is feasible if you are willing to do it. It is quite possible that you are already doing a lot of what you need to do to succeed at this. Digital transformation and AERM adoption are symbiotic--both require common management disciplines, which must be implemented and exercised in a manner consistent with running a digital business, to be successful. This book provides a road map to achieving this.
Analyzing Financial Data and Implementing Financial Models Using R
Principles of Green Banking
Environmental sustainability is perhaps the key societal challenge of our times. Achieving it will require a significant level of financing and investment, and here the role of the banking industry is fundamental. Banks can play a broader and far-reaching role by adopting environmental concerns in their internal and external business operations. Principles of Green Banking is a comprehensive account of the different aspects of green banking and offers theories and principles as well as practical how-to guidelines to adopt green banking practices. This book discusses why green banking is central to achieving sustainable development. It illustrates the evolution of green banking around the world, different types of environmental risks created by firms and how these risks offer threats to sustain ability, and ongoing trends and patterns of green banking practice. Critically, it also presents an outline of the regulatory framework necessary to help the entire banking sector adapt to the change towards green banking. It is a valuable resource for financial sector professionals and scholars in the fields of sustainable finance and banking.
Risk Management in Public-Private Partnerships
Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms.The book also stresses the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.
Iot System Testing
To succeed, teams must assure the quality of IoT systems. The world of technology continually moves from one hot area to another; this book considers the next explosion--of IoT--from a quality testing viewpoint. You'll first gain an introduction to the Internet of Things (IoT), V&V, and testing. Next, you'll be walked through IoT test planning and strategy over the full life cycle, including the impact of data analytics and AI. You will then delve deeper into IoT security testing and various test techniques, patterns, and more. This is followed by a detailed study of IoT software test labs, architecture, environments and AI. There are many options for testing IoT qualities based on the criticality of the software and risks involved; each option has positives, negatives, as well as cost and schedule impacts. The book will guide start-up and experienced teams into these paths and help you to improve the testing and quality assessment ofIoT systems. What You Will LearnUnderstand IoT software test architecture and planningMaster IoT security testing and test techniquesStudy IoT test lab automation and architecturesReview the need for IoT security, data analytics, AI, Neural Networks and dependability using testing and V&V Who This Book Is ForReaders with basic knowledge of software development who want to learn more about IoT testing and its intricacies, as well as companies moving into the domain of IoT, and even those already deep into the IoT domain will benefit from this book.
The Evolution of Yield Management in the Airline Industry
This book chronicles airline revenue management from its early origins to the last frontier. Since its inception revenue management has now become an integral part of the airline business process for competitive advantage. The field has progressed from inventory control of the base fare, to managing bundles of base fare and air ancillaries, to the precise inventory control at the individual seat level. The author provides an end-to-end view of pricing and revenue management in the airline industry covering airline pricing, advances in revenue management, availability, and air shopping, offer management and product distribution, agency revenue management, impact of revenue management across airline planning and operations, and emerging technologies is travel. The target audience of this book is practitioners who want to understand the basics and have an end-to-end view of revenue management.
Rate Regulation of Worker's Compensation Insurance:
The authors demonstrate how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.
Reforming Private Health Insurance
Between 1987 and 1991, the portion of Americans covered by individually purchased health insurance dropped 40per cent. Assuming the US will continue to rely on private financing for health care, the author clarifies benefits to society from an efficient health insurance market.
Unemployment Benefits
The substance of the federal form of government is largely determined by the degree of independence accorded the individual states. This study examines one proposal to increase federal standard on state unemployment insurance benefits.
Intergenerational Transfers Under Community Rating
The authors examine the intergenerational transfers that can be expected from a shift to community rating under a mandatory health insurance purchase requirement.
Questions and Answers on Life Insurance
A user-friendly guide to making expert decisions on life insurance policiesNeed help facing the constant barrage of information from competing life insurance companies? With thirty-five years of experience in the life insurance business, Tony Steuer delivers a practical, one-of-a-kind resource for anyone involved in choosing or monitoring a life insurance policy. This guide helps make a complex financial product understandable for consumers and is an essential reference, textbook, and training manual for financial advisors. Using a simple question-and-answer format, Steuer covers the essential basics and the finer points of life insurance, including how to: Differentiate between types of policiesFind and evaluate a policy and companyHire a trusted agentUnderstand the practice of underwritingMonitor a policy's performanceWith all the advice to help you avoid unnecessary pitfalls and unpleasant surprises, Steuer's guide will help you make informed, confident decisions and gain the maximum benefit from your life insurance policy.
Medicare Stress Relief
Currently, it is estimated that 10,000 individuals per day become eligible for Medicare insurance. Although there are mountains of information about Medicare and Medicare insurance products, there is virtually none that provide individuals with a plan to make the transition to Medicare. This book fills the void. This book offers individuals a plan for transitioning to Medicare that will relieve their stress and guide them to better decisions.
Analysing Intraday Implied Volatility for Pricing Currency Options
This book focuses on the impact of high-frequency data in forecasting market volatility and options price. New technologies have created opportunities to obtain better, faster, and more efficient datasets to explore financial market phenomena at the most acceptable data levels. It provides reliable intraday data supporting financial investment decisions across different assets classes and instruments consisting of commodities, derivatives, equities, fixed income and foreign exchange. This book emphasises four key areas, (1) estimating intraday implied volatility using ultra-high frequency (5-minutes frequency) currency options to capture traders' trading behaviour, (2) computing realised volatility based on 5-minute frequency currency price to obtain speculators' speculation attitude, (3) examining the ability of implied volatility to subsume market information through forecasting realised volatility and (4) evaluating the predictive power of implied volatility for pricing currency options. This is a must-read for academics and professionals who want to improve their skills and outcomes in trading options.
Cybersecurity for Business
Balance the benefits of digital transformation with the associated risks with this guide to effectively managing cybersecurity as a strategic business issue. Important and cost-effective innovations can substantially increase cyber risk and the loss of intellectual property, corporate reputation and consumer confidence. Over the past several years, organizations around the world have increasingly come to appreciate the need to address cybersecurity issues from a business perspective, not just from a technical or risk angle. Cybersecurity for Business builds on a set of principles developed with international leaders from technology, government and the boardroom to lay out a clear roadmap of how to meet goals without creating undue cyber risk. This essential guide outlines the true nature of modern cyber risk, and how it can be assessed and managed using modern analytical tools to put cybersecurity in business terms. It then describes the roles and responsibilities each part of the organization has in implementing an effective enterprise-wide cyber risk management program, covering critical issues such as incident response, supply chain management and creating a culture of security. Bringing together a range of experts and senior leaders, this edited collection enables leaders and students to understand how to manage digital transformation and cybersecurity from a business perspective.
Global Efforts to Combat Smoking
Tobacco is reported to be the second major cause of death in the world and there is ever-increasing interest in the costs of smoking, especially in the light of evidence of the health effects of second-hand smoke. This book brings together the findings of economists on the effectiveness of price and non-price policy initiatives to combat smoking and draws conclusions regarding the efficacy of the various policy measures. The authors evaluate the relative effectiveness of price-based smoking control policies (i.e. tax) in relation to non-price strategies (including advertising restrictions, sales restrictions, territorial restrictions and health warnings). They review evidence not only from the US but also from around the world, drawing important conclusions for developing countries where smoking is on the rise. The book will be essential reading for policy makers, health practitioners and researchers in health economics.
It Security Controls
Use this reference for IT security practitioners to get an overview of the major standards and frameworks, and a proposed architecture to meet them. The book identifies and describes the necessary controls and processes that must be implemented in order to secure your organization's infrastructure.The book proposes a comprehensive approach to the implementation of IT security controls with an easily understandable graphic implementation proposal to comply with the most relevant market standards (ISO 27001, NIST, PCI-DSS, and COBIT) and a significant number of regulatory frameworks from central banks across the World (European Union, Switzerland, UK, Singapore, Hong Kong, India, Qatar, Kuwait, Saudi Arabia, Oman, etc.). To connect the book with the real world, a number of well-known case studies are featured to explain what went wrong with the biggest hacks of the decade, and which controls should have been in place to prevent them. The book also describes a set of well-knownsecurity tools available to support you.What You Will LearnUnderstand corporate IT security controls, including governance, policies, procedures, and security awarenessKnow cybersecurity and risk assessment techniques such as penetration testing, red teaming, compliance scans, firewall assurance, and vulnerability scansUnderstand technical IT security controls for unmanaged and managed devices, and perimeter controlsImplement security testing tools such as steganography, vulnerability scanners, session hijacking, intrusion detection, and more Who This Book Is For IT security managers, chief information security officers, information security practitioners, and IT auditors will use the book as a reference and support guide to conduct gap analyses and audits of their organizations' IT security controls implementations.
Fundamentals of Operational Risk Management
Threats to an organization's operations, such as fraud, IT disruption or poorly designed products, could result in serious losses. Understand the key components of effective operational risk management with this essential book for risk professionals and students. Fundamentals of Operational Risk Management outlines how to implement a sound operational risk management framework which is embedded in day-to-day business activities. It covers the main operational risk tools including categorisation, risk and control self-assessment and scenario analysis, and explores the importance of risk appetite and tolerance. With case studies of major operational risk events to illustrate each concept, this book demonstrates the value of ORM and how it fits with other types of risk management. There is also guidance on the regulatory treatment of operational risk and the importance of risk culture in any organization. Master the essentials and improve the practice of operational risk management with this comprehensive guide.
Cybersecurity for Business
Balance the benefits of digital transformation with the associated risks with this guide to effectively managing cybersecurity as a strategic business issue. Important and cost-effective innovations can substantially increase cyber risk and the loss of intellectual property, corporate reputation and consumer confidence. Over the past several years, organizations around the world have increasingly come to appreciate the need to address cybersecurity issues from a business perspective, not just from a technical or risk angle. Cybersecurity for Business builds on a set of principles developed with international leaders from technology, government and the boardroom to lay out a clear roadmap of how to meet goals without creating undue cyber risk. This essential guide outlines the true nature of modern cyber risk, and how it can be assessed and managed using modern analytical tools to put cybersecurity in business terms. It then describes the roles and responsibilities each part of the organization has in implementing an effective enterprise-wide cyber risk management program, covering critical issues such as incident response, supply chain management and creating a culture of security. Bringing together a range of experts and senior leaders, this edited collection enables leaders and students to understand how to manage digital transformation and cybersecurity from a business perspective.
The Ten Commandments of Risk Leadership
We as humans are prone to a variety of wired-in cognitive mistakes in the way we interpret and react to risk-related information. This is highly consequential since the cognitive biases managers are exposed to in their day-to-day business erode the objectivity of their risk-related decisions, which ultimately hurts the financial well-being of their firms. This book seeks to develop risk literacy as a leadership skill. It helps managers develop the skills to improve managerial decision-making in regards to managing risk.The last decades have offered various insights into how human nature often gets in the way of rational decision-making. This book is a valuable resource for insurance executives, chief risk officers, company leaders, and graduate students of risk management and risk psychology. It is the first behavioral risk management guide for managers and other interested readers - using examples from economic theory, behavioral finance, and game theory, it studies the hiddenforces that drive our decision-making processes under risk.
Effectiveness of Enterprise Risk Management
Effective risk management is a crucial part of the success of any organization. In scholarly research, numerous publications have been written on the design of complex enterprise risk management systems, however very little consideration has been given to the effectiveness of implemented management solutions. This book seeks to fill this important gap. Based on a study featuring a representative group of 722 companies, the author presents the various determinants of risk management effectiveness, including behavioural determinants (such as attitude to risk) as well as internal and external determinants (such as human and financial resources and the environment in which the organization operates). Along with a theoretical and practical overview of the various considerations from an international perspective, the reader will gain an insight into the implications for practice. Ultimately, this book formulates conclusions and recommendations for the improvement of tools and systems of enterprise risk management.
Dealing in Uncertainty
Insurance is an important - if still poorly understood - mechanism for dealing with a broad variety of risks associated with modern life. This book conducts an in-depth examination of one of the largest and longest-established private insurance industries in Europe: British life insurance. In doing so, it draws on over 40 oral history interviews to trace how the sector has changed since the 1970s, a period characterized by rampant financialization and neoliberalization. Combining insights from science and technology studies and economic sociology, this is an unprecedented study of the evolution of insurance practices and an invaluable contribution to our understanding of financial capitalism.
Plan for Your Life
It's one thing to get advice from family and friends on keeping yourself safe. It's another to receive guidance from actual insurance experts who have heard the stories of clients surviving crazy mishaps, those who have taken needless risks, and others who have proactively taken care of themselves.Now, Greg Boyd and Jason Graybeal bring you five vital things you need to do in your life to keep your precious ones safe while protecting yourself.Make the time to review and understand the risks surrounding you. Don't put it off. It shouldn't take long, and you can accomplish some of what you need to do from the comfort of your favorite armchair with a pen and paper.Take the appropriate action to minimize your risks. Often, this may not cost much or anything.Be prepared to deal with a crisis calmly and intelligently. You can do this if you already know what you will do if an emergency does arise.Let others-your kids, partner, employees, or work colleagues-know how important these tasks are, what you've done to protect them, and what they should do to protect themselves.Insure yourself against threats to your family, prosperity, and property.Your well-being and protection are our concern. Let us help you understand how best to keep yourself safe in any scenario.The nine chapters in this book pertain to: Protecting All That Surrounds YouYour Action Plan When Things Go WrongStaying Safe in the Beautiful OutdoorsDynamic Duo Guards Health & Safety at WorkSafety on Wheels - And on FootMake Sure It's a Bon Voyage (Good Trip!)Can the Spam, Bam the ScammersKey Steps to Ensure Your Health & FitnessBuying Security and Peace of MindYour well-being and your protection are our concern ... as you will see in this book. For more information, please visit Jason's website at https: //www.graybealgroup.com/
Uninsured in Chicago
2023 Co-Winner of ASA's section on Race, Gender, and Class Distinguished Contribution to Scholarship Book Award Why millions of Latinx people don't access the healthcare system, even in times of need More than a decade after the passage of the Affordable Care Act, around eleven million Latinx citizens around the country remain uninsured. In Uninsured in Chicago, Robert Vargas explores the roots of this crisis, showing us why, despite their eligibility, Latinx people are the racial group least likely to enroll in health insurance. Following the lives of forty uninsured Latinx people in Chicago, Vargas provides an up-close look at America's broken healthcare system, and how it impacts marginalized groups. From excruciatingly long waits and expensive medical bills, to humiliating interactions with health navigators and emergency room staff, he shows us why millions of Latinx people avoid the healthcare system, even in times of need. With a compassionate eye, Vargas highlights the unique struggles Latinx people face as the largest racial group without health insurance in the United States. An intimate account of the lives of uninsured Latinos, this book imagines new, powerful ways to strengthen our social safety net to better serve our most vulnerable communities.
Uninsured in Chicago
Why millions of Latinx people don't access the healthcare system, even in times of need More than a decade after the passage of the Affordable Care Act, around eleven million Latinx citizens around the country remain uninsured. In Uninsured in Chicago, Robert Vargas explores the roots of this crisis, showing us why, despite their eligibility, Latinx people are the racial group least likely to enroll in health insurance. Following the lives of forty uninsured Latinx people in Chicago, Vargas provides an up-close look at America's broken healthcare system, and how it impacts marginalized groups. From excruciatingly long waits and expensive medical bills, to humiliating interactions with health navigators and emergency room staff, he shows us why millions of Latinx people avoid the healthcare system, even in times of need. With a compassionate eye, Vargas highlights the unique struggles Latinx people face as the largest racial group without health insurance in the United States. An intimate account of the lives of uninsured Latinos, this book imagines new, powerful ways to strengthen our social safety net to better serve our most vulnerable communities.
Soul Beneficiary
Selling insurance can be a lucrative career, but few people really make it. Jessi Park is one of them. In just four years, she went from scraping by on unemployment to a top sales agent to opening her own agency. But her journey to success wasn't an easy one. If you're looking for a truthful guide to the industry, you've found it. This book honestly explains how she got to the top and all of the lessons that she's learned along the way.Soul Beneficiary is part tell-it-straight on selling insurance, part guide to shifting your mindset. Jessi reveals not only the daily grind she went through to make it up the ladder and escape the poverty-debt cycle but the mindset she had to manifest her own success. The insurance industry offers a unique opportunity for anyone to uplift themselves through hard work. This book will give you the tools to do it.
Agile Enterprise Risk Management
Managing risks while transforming a company to enable continuous adaptation are substantial, and AERM practices are an evolutionary step away from traditional Risk Assessment, Risk Management and Risk Assurance. Agile Enterprise Risk Management provides guidance as to how to achieve accelerated RM while continuing to comply with relevant standards.
Geopolitical Risk, Sustainability and "Cross-Border Spillovers" in Emerging Markets, Volume II
Introduces new risk-based tests for constitutionality of financial mechanisms and innovation mechanismsExplores sustainability issues, economic growth, political stability, financial stability, social networks, and inequality Focuses on geopolitical risk issues that are affected by constitutional political economy issues
International Property Insurance Programmes
A lively insight and comprehensive guide for underwriters and risk and insurance managers, insurance intermediaries, college students and anyone who has an interest in international property insurance.Claudio B繹ttcher and Andy Baumli share their expertise in the field of international property insurance to help you understand the most important aspects/parameters of underwriting complex global industrial risks. They offer practical guidance on finding the most appropriate insurance solutions for your clients in terms of meeting their needs as well as ensuring compliance with the legal and regulatory requirements in all the countries in which they operate.
