Managing Risk in Reinsurance: From City Fires to Global Warming

Author:   Niels Viggo Haueter (Head of Swiss Re's Corporate History unit, Head of Swiss Re's Corporate History unit, Swiss Reinsurance Company) ,  Geoffrey Jones (Isidor Straus Professor of Business History, Isidor Straus Professor of Business History, Harvard Business School)
Publisher:   Oxford University Press
ISBN:  

9780198754916


Pages:   376
Publication Date:   24 November 2016
Format:   Hardback
Availability:   To order   Availability explained
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Managing Risk in Reinsurance: From City Fires to Global Warming


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Overview

The business of reinsurance developed at the fringe of financial services and, for most of its existence, went largely unnoticed outside the expert community. More recently, both public and professional sensitivity towards managing risks has increased and reinsurers have emerged as authorities on global threats such as climate change and natural catastrophes.This is the first book to provide a comprehensive historical description of this industry. It traces the global development of reinsurance from the early 19th century until today. As such it gives a detailed account of how the nature of risk itself changed over the last 200 years. It highlights all aspects relevant in shaping the industry from the development of risk, risk engineering and risk management, actuarial science, the financial and monetary environment, market conditions, impacts of politics, the effects of regulatory changes, to large risks and natural catastrophes.A comprehensive introduction by the editors highlights the different challenges and approaches to managing risk from a reinsurance perspective such as mathematical, financial, legal, and contractual developments, as well as the changing business models adopted. All of these are dealt with in further detail by ten contributing authors.

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Author:   Niels Viggo Haueter (Head of Swiss Re's Corporate History unit, Head of Swiss Re's Corporate History unit, Swiss Reinsurance Company) ,  Geoffrey Jones (Isidor Straus Professor of Business History, Isidor Straus Professor of Business History, Harvard Business School)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 18.10cm , Height: 2.60cm , Length: 25.30cm
Weight:   0.808kg
ISBN:  

9780198754916


ISBN 10:   0198754914
Pages:   376
Publication Date:   24 November 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

1: Niels Viggo Haueter and Geoffrey Jones: ntroduction: Risk and Reinsurance 2: Geoffrey Clark: The Cultural Context of Insurance in the West 3: Robin Pearson: The Evolution of the Industry Structure 4: Forrest Capie: The Monetary and Financial Environment, 1860-2013 5: Hans Bühlmann and Martin Lengwiler: Calculating the Unpredictable: History of Actuarial Theories and Practices in Reinsurance 6: Alexandros-Andreas Kyrtsis: The Rise and Decline of Treaty Reinsurance: Changing roles of Reinsurers as Financial Service Providers 7: Tilmann Röder: From Gentlemen's Agreement to Judicial Instrument: The History of Contract Practice and Conflict Resolution in Reinsurance 8: Milos Vec: Reinsurance Law as an Autonomous Regulation Regime? Resistance to Codification and Avoidance of the Courts in the Twentieth Century 9: Lorraine Daston: What is an Insurable Risk? Swiss Re and Atomic Reactor Insurance 10: Welf Werner: Natural Catastrophes and their Effects on Reinsurance 11: Roman Lechner, Lawrence Kenny, and Niels Viggo Haueter: Continuity and Change in Reinsurance 1990-2016

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Author Information

Niels Viggo Haueter is Head of Swiss Re's Corporate History unit. He serves as Deputy Chairman of the Academic Council of the European Association for Banking and Financial History in Frankfurt and is a guest lecturer at Hitotsubashi University, Tokyo. Together with Peter Borscheid he edited World Insurance: The Evolution of a Global Risk Network published by Oxford University Press in 2012 Geoffrey Jones is the Isidor Straus Professor of Business History at the Harvard Business School. He has written extensively on the history of globalization. His recent books include Multinationals and Global Capitalism (OUP 2005) and Beauty Imagined: A History of the Global Beauty Industry (OUP, 2010). He is co-editor of the journal Business History Review, and a Fellow of the Academy of International Business and the Royal Historical Society.

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