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Alternative Risikofinanzierung über Kapitalmärkte

Alternative Risikofinanzierung über Kapitalmärkte

          
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About the Book

Inhaltsangabe: Einleitung: Hinter dem Begriff „Alternative Risikofinanzierung" verbirgt sich eine Vielzahl von innovativen Entwicklungen und Instrumenten, um versicherungswirtschaftliche Risiken aus Katastrophenschäden besser steuern zu können. Dabei steht die Alternative Risikofinanzierung in Zusammenhang mit dem seit einiger Zeit viel diskutiertem Thema der Konvergenz von Versicherungs- und Kapitalmärkten im Bereich des Risk Managements. Einige Marktteilnehmer sehen in der Konvergenz dieser beiden Märkte große Vorteile dahingehend, daß der „Cash-Flow", der mit den versicherungstechnischen Risiken einhergeht, in Anleihen, Derivate oder Swaps gebunden und dann am Kapitalmarkt gehandelt werden kann. Den Impetus für die Auseinandersetzung mit den Möglichkeiten einer Alternativen Risikofinanzierung gaben die Kapazitätsprobleme der (Rück-)Versicherungswirtschaft Anfang der 90er Jahre, die aufgrund des sprunghaften Anstiegs der Schäden aus Naturkatastrophen entstanden sind. Dies führte zu Überlegungen, inwieweit die Kapitalmärkte zur Generierung von neuen Kapitalressourcen genutzt werden können. Obwohl die Schadenbelastung aus Naturkatastrophen in den letzten Jahren zurückgegangen ist, zeigt die Versicherungsbranche an der Entwicklung von innovativen Finanzierungskonzeptionen weiterhin großes Interesse. Aufgrund anhaltender Aktualität des Themas der Alternativen Risikofinanzierung wird in dieser Arbeit ein Überblick gegeben über die verschiedenen Entwicklungen und Konstruktionen der zusätzlichen Kapitalbeschaffung über Finanzmärkte. Der erste Teil dieser Arbeit führt in die Problematik der Schadenbelastung resultierend aus Naturkatastrophen ein. Im zweiten Teil werden die verschiedenen Konzepte der Alternativen Risikofinanzierung anhand von allgemeinen Modellen einerseits und Emissionsbeispielen andererseits vorgestellt. Der dritte Abschnitt beinhaltet eine kritische Auseinandersetzung im Rahmen Vergleichs der Deckungskonzepte im Bereich der Alternativen Risikofinan


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Product Details
  • ISBN-13: 9783838681788
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 8 mm
  • Width: 148 mm
  • ISBN-10: 3838681789
  • Publisher Date: 04 Aug 2004
  • Height: 210 mm
  • No of Pages: 140
  • Series Title: German
  • Weight: 195 gr


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