Insurance Linked Securities: The Role of the Banks by Christoph Weber

By Christoph Weber

Securitisations of assurance threat as new tools of hazard move were rising within the international monetary marketplace in the course of the contemporary 20 years. Christoph Weber analyses the ideas of conventional tools compared to securitisations for all times- and non-life assurance probability. in the course of his remain for specialist interviews within the united states in October 2008 the funding financial institution Lehman Brothers defaulted triggering one of many private international monetary crises in historical past. Strengths and weaknesses of different items grew to become visible. additionally, a web survey in regards to the industry prestige and the banks’ function is analysed. Readers get an perception into the drivers and hindrances the several stakeholder teams face.

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S "risk-free". ult of the issuer. y • higher return. ult. Appendis A sbows the mting definitions of the main rating agencies. An alternative to fixed income investments are mortgages and private loans. te for the higher liquidity risk involved. At the diseretion of the policy holder,life insurers provide poliey loans resulting from provisions in life insuranee eontracts. The polieyholder borrows the cash value of the policy. t. high level. Investments in common and preferrcd shares have been limited duc to negative experienees during the crisis of the main stock markets in the late 199Oies.

Monoliners insure munieipal bonds, projeet finanee and structured finanee bonds. 3 Reinsurance is agiobaI industry providing backup for primary insurers. 2007] 2SwissRe [see 2000, p. 3] 'Rasul [see 2005, p. 11 C. 1007/978-3-8349-6788-6_3, © Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2011 36 CHAPTER. 3. y pay claims to policyholders. Instead. they reimburse the insurers far claims paid. sk and part of thc premium. originally taken by thc insurer. Rcinsurance etIectively increases an inmrer's capital and therefore its capacity to seil more coverage.

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