Abstract: This chapter continues the discussion of predominant risk-transfer markets and provides a general overview of various insurance and derivative instruments with more detailed explanations of the mechanics behind some of the most common corporate hedging techniques. The observed convergence between conventional insurance and capital market instruments is explained and the mechanisms driving the development of new alternative risk-transfer instruments are discussed further. The integrated use of different risk-transfer approaches to manage corporate exposures is outlined with examples of coordinated risk management practices.
Publication Year: 2010
Publication Date: 2010-03-04
Language: en
Type: book-chapter
Indexed In: ['crossref']
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