Risk management is a corporate function that has changed dramatically during
 

 
the 1990s.

 

 
Purchasing insurance to cover the company's tangible assets against risk has
 

 
become an increasingly minor aspect of the role as others, such as protecting
 

 
the corporate reputation, have achieved greater prevalence.

 

 
The insurance sector has generally been slow in recognising this trend, but
 

 
has belatedly responded.

 

 
New products and services have been developed.

 

 
Methods of providing cover for previously uninsurable risks have been devised.
 

 


 

 
The catalysts have been the vast resources available from the capital markets
 

 
to cover risk and the rapid convergence of banking and insurance. Risk Management
 

 
- new challenges and new solutions demonstrates that the position of the risk
 

 
manager threatens to be subsumed by the finance and treasury departments.

 

 
This poses new challenges for insurers and banks as well as for companies themselves
 

 
- challenges which will require new solutions of the kind examined in this report.

 

 


 

 
Changing Risk Management

 

 
How has Risk Management been transformed in recent years?

 

 
An examination into how the remit has broadened, as new risk exposures have
 

 
developed and the risk priorities of many companies have realigned.

 

 


 

 
Risk Check List

 

 
What are the most important risk areas for companies as they prepare for the
 

 
21st century?

 

 
An analysis of the many factors that potentially impact on the corporate balance
 

 
sheet and potential/future problems are assessed in this report.

 

 


 

 
Methods of Risk Transfer

 

 
Securitisation has supplanted insurance as the solution to risk problems.

 

 
An examination of risk securitisation methods, from self-insurance through captives
 

 
and multi-line, multi-year coverages.

 

 


 

 
Innovations

 

 
Traditional solutions to many risk exposures are either unavailable or are inadequate.
 

 


 

 
The capital markets have backed underwriter ingenuity in devising a growing
 

 
range of products for uninsurable risk.

 

 


 

 
Insurer and Investment Bank Case Studies

 

 
A relatively small group of insurers have the financial strength and global
 

 
reach required by the multinationals.

 

 
These companies together with the investment banks are at the forefront of securitising
 

 
risk.

 

 


 

 
Role of the Broker

 

 
A review of whether the broker can retain his/her role in risk transfer and
 

 
how this can be achieved.

CHAPTER 1:CHANGING RISK MANAGEMENT

CHAPTER 2: CURRENT ISSUES FOR RISK MANAGERS

CHAPTER 3: METHODS OF RISK TRANSFER

CHAPTER 4: RISK MANAGEMENT CASE STUDIES

CHAPTER 5: DEVELOPMENT OF BANCASSURANCE

CHAPTER 6: RECENT INNOVATIONS