Over recent years the insurance industry has faced a period of rapid
change and consolidation, with recent natural and man-made disasters
highlighting the problems that the industry faces. Yet this has also
been a time of opportunity with the traditional role of insurance giving
way to its classification as a asset class. This has resulted in
insurance risks now being priced and exchanged on the markets.
In
this book, the authors analyze the convergence between the insurance
industry and the capital markets. They sumarize the main trends and
issues and analyze past events within the industry. Thus, they
demonstrate that the current market pressures on insurance companies do
not not just create challenges but also new opportunities.