Book Description
This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. Throughout, the main emphasis is on the insurance product and the use of insurance within the risk management framework. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.
Customer Reviews:
Very Good.......2007-01-18
I thought it would be a sleeper,but quite the contrary..I wish I would have read this book 20 years ago.
How Do I Write a Review about an Insurance Book?.......2003-03-04
Well, I guess I can try to review this book from the only perspective I read it from: that of a student. I had to read it for my CFP class on Insurance, and, as an introduction to most forms of insurance, it explains the forms in a very methodical and systematic way; it was very easy to follow and tough to get completely lost.
Honestly, I was never really fascinated with insurance. My life-licensing class was 24 hours of classroom time spread out over one weekend, so maybe that has created some insurance-related intellectual scars. The sections on Life Insurance and the basic components of any insurance contract and the whole insurance process were already familiar to me, so I found those sections incredibly uninteresting. The other forms of insurance were much more interesting and gave me a great foundation for other insurance studies I've done since.
The prose of the book, too, flows extremely well. In fact, I usually just lightly read passages explaining computations and formulas because I come back later to review them in-depth; however, while reading this book, I actually felt I fully understood most of the computations even while I read (which almost never happens because most formula-explaining reads much like Kant's "Metaphysics of Morals").
Just one closing point... I guess you'd have to be either Insurance Commissioner or a professor of insurance to be really interested in this material, but the authors write in a way that allows even the average CFP or insurance student to come away from the book with a good sense of how insurance works and where it fits into an individual's financial plan.
Book Description
This book focuses on problem-solving from managerial, consumer, and societal perspectives. It emphasizes both the business managerial aspects of risk management and insurance and the numerous consumer applications of the concept of risk management and insurance transaction. Specific chapter topics include insurance Regulation and contracts, basic property and liability insurance contracts, homeowners insurance, the personal auto policy, professional financial planning, life insurance policies, annuities, medical expense and disability insurance, standard life insurance contract provisions and options, commercial property insurance, general and special liability insurance, employee benefits, social security, and unemployment and workers' compensation insurance. For use by individuals in insurance occupations, and by those preparing for the certified financial planner board.
Customer Reviews:
Introduction to Risk Management and Insurance.......2007-01-09
Excellent reference book and very descriptive definitions of insurance concepts
A good book.......2006-11-10
For an entry level class on insurance this is a good book to start with.
Should be required reading for Undergrad Business.......2006-07-18
Definitely worth reading, even if not required for a class. A very accessible introduction to the field of Risk Management along with useful, practical information about the kinds of insurance contracts that will be encountered by consumers and businesses alike.
This, and introductory business law should be taught to all undergraduate b-school students. A great book, much better and more useful than a certain black-and-yellow book about insurance that you might be tempted to order.
5 Stars
Awesome Text!.......2003-05-12
This book is user-friendly, and students really like it. The only thing they don't like is the price, but, every intro text like this is over $100 these days. I really love this text for teaching my introductory classes.
The best introduction to a complicated subject available........1997-09-05
Extremely well written, many current examples and court cases, raises important social aspects of the insurance transaction. Covers issues important to consumers expecially frequently purchased insurance contracts
Average customer rating:
- Great for the novice Risk Manager
- This book is a must read for all mid-level and executive level managers
- Remarkably Succinct Coverage of a Hot New Topic
- A well written and thought out book on Risk Management
- A Must Read for Risk Management
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Enterprise Risk Management: From Incentives to Controls
James Lam
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Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management
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ASIN: 0471430005 |
Book Description
Enterprise risk management is a complex yet critical issue that all companies must deal with as they head into the twenty-first century. It empowers you to balance risks with rewards as well as people with processes. But to master the numerous aspects of enterprise risk management, you must first realize that this approach is not only driven by sound theory but also by sound practice. No one knows this better than risk management expert James Lam. In Enterprise Risk Management: From Incentives to Controls, Lam distills twenty years' worth of experience in this field to give you a clear understanding of both the art and science of enterprise risk management.
Organized into four comprehensive sections, Enterprise Risk Management offers in-depth insights, practical advice, and real world case studies that explore every aspect of this important field.
- Section I: Risk Management in Context lays a solid foundation for understanding the role of enterprise risk management in today’s business environment.
- Section II: The Enterprise Risk Management Framework offers an executive education on the business rationale for integrating risk management processes.
- Section III: Risk Management Applications discusses the applications of risk management in two dimensions–functions and industries.
- Section IV: A Look to the Future rounds out this comprehensive discussion of enterprise risk management by examining emerging topics in risk management with respect to people and technology.
JAMES LAM is President of James Lam & Associates, an independent risk advisory firm. Before starting his own firm, Lam was founder and president of ERisk and partner of Oliver, Wyman & Company. In 1997, as chief risk officer at Fidelity Investments, he was named the first-ever Financial Risk Manager of the Year by the Global Association of Risk Professionals. Prior to Fidelity, he was chief risk officer of Capital Markets Services, Inc., a GE Capital Company. Lam graduated with honors from Baruch College and received his MBA from UCLA. He is also currently an Adjunct Professor of Finance at Babson College.
Customer Reviews:
Great for the novice Risk Manager.......2006-07-27
If you are a budding Risk Manager/ Officer or are considering a career move towards Risk Management, this book is a good high-level illustration of what the major sleeves of Risk Management has to offer.
For the experienced risk professional, this is a bit too fundamental.
This book is a must read for all mid-level and executive level managers.......2005-09-21
James Lam has written a remarkably clear and relevant portrayal of how [enterprise] risk management can be used to deliver real value in any business.
During the past year, I developed a course for the Executive MBA program at Villanova University. After reviewing several books on the subject, I chose this one because of its clear and comprehensive coverage of the subject matter.
I would highly recommend this book to anyone with a serious interest in understanding risk management from a holistic perspective. This includes risk professionals as well as those involved in line and staff functions.
Remarkably Succinct Coverage of a Hot New Topic.......2005-02-04
You bought Jorion, Pearson, and Hull; you slammed headfirst into the quantitative quagmire of risk management, and you may even have passed the Financial Risk Manager exam, sponsored by the Global Association of Risk Professionals, but are you prepared to become your company's "Risk Champion?" Can you explain to laymen why loss distributions are not normal? Can you illustrate the "sweet spot" in the profit/risk tradeoff? If you aren't quite there yet, pick up James Lam's new book, Enterprise Risk Management, From Incentives to Controls. It's a book you can read on the five hour flight from New York to Los Angeles, and its melodies will linger in your memory. This book has changed the way I communicate with people both in and outside the risk management profession. Read it with a highlighter in your hand, and keep the book within easy reach.
A well written and thought out book on Risk Management.......2004-10-05
This book provides practical and insightful look at risk management and how it can benefit companies. Reading and understanding this book should be a pre-requisite for any person going to take on management position.
A Must Read for Risk Management.......2004-08-23
This book is not only about the theory of enterprise risk management, but also a summary of the author¡¯s experience in practicing risk management for more than twenty years. And what is more, there are several case studies that are deeply analyzed in the book. It is because of this that I think it is an excellent work on enterprise risk management. In addition, it is interesting that the Balance of the Yin and Yang in the Chinese traditional philosophy is applied as Lesson 7 by the author. It is a must read for all business managers and students who want to pursue a career in risk management.
Book Description
Learn about today's hottest new risk management tools
One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.
Customer Reviews:
For Useless Academics.......2004-04-03
If you are a practicioner, skip this book. Even academics will find this rehash (and outright clone) of better material a waste of time.
Packed with Knowledge!.......2002-11-12
Finance professional and professor Christopher L. Culp tells all, that is, all about alternate risk transfer (ART) products. Culp discusses corporate finance in detail, covering different types of capital. He sets out the risk control and capital structure functions of various classical and alternative risk transfer steps, such as derivatives targeted at market and credit risk, asset divestiture, insurance and reinsurance. Don't even go here if you aren't already familiar with (or studying) the sophisticated basics of finance, since this is highly technical reading, including numerous formulas, charts and graphs describing financial theories and processes. But if you are an expert, we from getAbstract congratulate you on finding your way to Culp, who aimed his book at the already-savvy: corporate treasurers, financial officers and those who participate in capital markets and the reinsurance industry.
Book Description
Principles of Risk Management and Insurance focuses primarily on the consumers of insurance, and the text blends basic risk management and insurance principles with consumer considerations. Praised for its depth and breadth of coverage, the Tenth Edition provides even more flexibility in its organization by giving an overview of the insurance industry first, before discussing specific plans.
Basic Concepts in Risk Management and Insurance: Risk in Our Society; Insurance and Risk; Introduction to Risk Management; Advanced Topics in Risk Management;
The Private Insurance Industry: Types of Insurers and Marketing Systems; Insurance Company Operations; Financial Operations of Insurers; Government Regulation of Insurance;
Legal Principles in Risk and Insurance: Fundamental Legal Principles; Analysis of Insurance Contracts;
Life and Health Risks: Life Insurance; Life Insurance Contractual Provisions; Buying Life Insurance; Annuities and Individual Retirement Accounts; Individual Health Insurance Coverages; Employee Benefits: Group Health Insurance; Employee Benefits: Retirement Plans; Social Insurance;
Personal Property and Liability Risks
: The Liability Risk; Homeowners Insurance, Section I; Homeowners Insurance, Section II; Auto Insurance; Auto Insurance and Society; Other Property and Liability Insurance Coverages;
Commercial Property and Liability Risks: Commercial Property Insurance; Commercial Liability Insurance; Crime Insurance and Surety Bonds.
For all readers interested in risk management and insurance.
Customer Reviews:
Excellent Guide / Overview of Insurance for CFP .......2006-11-05
As part of an overall CFP class, provided an excellent overview of Insurance and Risk management. After buying insurance for many years, I now know what I'm getting
Average customer rating:
- Against The Gods, a highly recommended book for MBA
- So Close to Wonderful
- Unpretentious and pleasant
- Are you risk-seeker or risk-averse?
- A remarkable rational attitude against rational Gods
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Against the Gods: The Remarkable Story of Risk
Peter L. Bernstein
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ASIN: 0471121045 |
Amazon.com
With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
Book Description
A Business Week, New York Times Business, and USA Today Bestseller
"Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." -The New York Times
"An extraordinarily entertaining and informative book." -The Wall Street Journal
"A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." -Business Week
"Deserves to be, and surely will be, widely read." -The Economist
"[A] challenging book, one that may change forever the way people think about the world." -Worth
"No one else could have written a book of such central importance with so much charm and excitement." -Robert Heilbroner author, The Worldly Philosophers
"With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University
In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today.
"An extremely readable history of risk." -Barron's
"Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." -Money
"A singular achievement." -Times Literary Supplement
"There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." -The Australian
Customer Reviews:
Against The Gods, a highly recommended book for MBA.......2007-09-18
The reason that I bought this book was because it was highly recommended by the teachers at my MBA class.
They were not kidding, from head to toe its very good and kept my attention till the end. It has been of great help to me. Aside the history content it helps you to think on how to mitigate risk and how improve the opportunities.
So Close to Wonderful.......2007-08-14
Bernstein does an adequate job bringing the concepts together, but this is not a page-turner. I found myself reading on for the promise of insight, and he offers some, but the writing is a bit dull.
Unpretentious and pleasant.......2007-07-10
Bernstein is an interesting writer since he is the consummate finance insider- a practioner, regulator and academic. This range helps and harms the book - in his efforts to render the history of risk, he delves into anecdotal caricatures while amusing definitely smack of basis risk with the underlying ideas that are provocative enough! I found the behavioural finance and derivatives section to be rather basic but then realised the book was written in 1996. It's a pleasant read but a more pragmatic introduction to probability is the infinitely witty Cartoon Guide to Statistics.
Are you risk-seeker or risk-averse?.......2007-07-01
According to this book you are both, it only depends on the point of view that is presented. I enjoy the book from the beginning to end, especially the last three chapters. The history and analysis of rational behavior is enlightening, to anyone who has ever thought about the process of decision.
A remarkable rational attitude against rational Gods.......2007-05-16
2 crucial ponits in this book:
1.Sociological: Bernstein describes how risk was first imagined as an essentially modern cultural form and significantly operationalized in early mercantile capitalist shipping, where individual losses in rapidly expanding global trade become large enough to encourage their socialization in insurance arranegemnts. This book implies some viable if crude forms measurement and scaling of risk. In his narrative, risk was there waiting to be discovered, carrying its own intrinsic meaning, which the visionaries, through their heroic powers of access to msteries of Nature, were able to reveal to men of commerce and others who could then drive the economic, cultural and technological revolution of modernity. We can note from this account of risk how an implicit normative framework`and a claim of control are advanced as defining features of this new state`of enlightenment. It is this scientific risk discourse which gives total control`of `the future at the service of the present', the implication being that risk`analysis identifies and domesticates all significant future consequences of the`relevant actions. In this way ignorance and unanticipated consequences - lack`of control - lying beyond the reach of existing scientific knowledge, thus`potentially embarrassing in future to risk assessment, are seamlessly deleted.`Risk is thus assumed to define the full sphere of conceivable meaning for considering`new technologies and their implications, and science reveals this`independent meaning. (Reference, Wynne:Reflexivity inside out?)
2. Historical: While it is apparent to historians that both Khayyam and Kharazmi were Persian thinkers, the author in keen to be selective inattentive to this fact such that he argues the system of numbers were imported from Arab world to West whereas it was firstly introduced to Arabs at the time Persia was invaded by them. Hence the author's historic mind-set starts from 12th Century while long before which is 500 B.C. risk used to be engineered among Persians. (Reference, Channel History-Engineering an Empire: Persia)
Book Description
Insurance For Dummies introduces readers to the basics — as well as the more complicated issues — of every kind of insurance. Packed with expert advice and step-by-step guidance, it shows you how to find the right amount of protection at the best possible price, for your life, health, car, home, and anything else you can think of.
Thinking about insurance makes many people cringe with fear; this handy guide makes insurance make sense. It demystifies complicated policies and points out all the traps and pitfalls you need to avoid when buying coverage. Whether you’re a homeowner or a small business owner or you just need a basic policy for your car, you’ll find all the advice you need on:
- Managing your risk
- Reducing your liability
- Insuring a home business
- Buying an umbrella policy
- Dealing with insurers and filing claims
- Assessing your life insurance needs
- Decidin g between group and individual policies
Author Jack Hungelmann uses his twenty-five years of experience in the insurance industry to make buying insurance as simple as possible — even for those who’ve never bought a policy in their lives. Armed with the kind of straightforward, commonsense knowledge and advice you’ll find here, you’ll be able to handle any insurance question that comes up. Keep it on your reference shelf for quick-and-easy answers for all your insurance-related questions:
- Everything you should know about auto insurance
- Choosing cost-effective deductibles
- Picking the right property coverage for your home
- Estimating the value of your assets
- Insuring valuable portable items and collectibles
- Special advice on insuring condos and townhouses
- Getting the most coverage at the best price
- Filing claims and getting back the most
- Plus, online insurance resources
Knowing what kind of coverage you need for yourself and your possessions is a complicated process. With more competition than ever in the insurance business, finding a great deal on the coverage you need can be a challenge. Insurance For Dummies is the fun and friendly guide that gives you with all the essential knowledge it takes to get the maximum coverage at the minimum price.
Customer Reviews:
Essential reading.......2006-12-10
This book is worth its weight in gold. I originally picked it up while doing research on life insurance options. But after reading the first chapter on auto insurance, we called our agent, raised our libability limits and deductibles, got rid of unnecessary coverage and ended up saving ourselves $250 a year! The author, who has worked in the insurance industry for years, makes things plain and simple and illustrates his points with easy-to-understand charts. Now I feel like we actually have a clue about what we're buying, and I feel much more secure knowing we'll likely be well covered in the event of a catastrophe. This should be on every homeowner's bookshelf.
Invaluable..........2006-11-26
I know I'm getting older when I start reading and writing reviews about insurance books.
I'm not a big fan of the "dummies" books for a few reasons: (1) First my ego...I have to admit I don't want a book on my shelf that is a dummy guide for anything, and (2) I don't want to buy another reference book that is going to sit on my shelf and collect dust.
I purchased this book b/c I had big questions about car insurance, life insurance, and umbrella policies. No concerns about house insurance, which seemed to be the biggest complaint about the book.
Quite frankly, it answered all of my questions. Before reading this book, I didn't even know the difference between collision, liability, and comprehensive insurance; and I had no clue how much insurance I should carry for that "break glass in case of emergency" type accident. And like all of the dummy books, the text is informative while remaining engaging , and actually entertaining-even though the subject is insurance.
I actually feel empowered after reading this book. It led me to purchase an inexpensive umbrella policy (if you don' t have one, you need it) that will certainly make me sleep better at night.
This is one of those books that after you read/reference it, you'll wonder how you ever operated in the past without the knowledge it contains.
Don't put too much trust in earthly treasures, but you should certainly protect what you do have!
Recommended.
Not as Good as I Expected.......2006-11-08
My house was a total loss after a fire. I needed info on home insurance so I got this book. BIG disappointment. No help at all.
I then got another book on Amazon titled "Mold, Fire, Flood & Other Topics: Homeowners Insurance Explained." Great book--I recommend it.
Disappointing.......2006-03-22
I thought this book would give objective advice on how much insurance someone should buy. It told me a few things I didn't know but I wouldn't have paid the price for the book for two or three pages of useful advice.
Lacks Depth in Homeowners Insurance Discussion.......2005-04-05
I was looking for a book that discussed IN DETAIL homeowners insurance, and I didn't find it in thisone.
Claims, how to appeal a denied claim, mold, how to avoid being under-insured and/or cancelled--these subjects are ignored, even though they're important to me and most people I know.
This book is a WASTE OF MONEY if what you're looking for is in-depth info on homeowners insurance.
Book Description
Risk Intelligence gives executives and business managers a simple mental model and simple tools to manage these risks. According to the author's model, risks fall into two categories: knowable and therefore learnable, and unknowable and therefore difficult to prepare for.
The book not only shows readers how to analyse their knowable risks but helps them to appreciate the quality and utility of their own analysis. As it turns out, some people have a higher risk IQ than others and therefore analyse and manage risks more effectively. This book helps people of all risk aptitudes to assess and improve their risk IQs.
Customer Reviews:
Risk Intelligence is enthusiastically recommended for business leaders .......2006-11-05
Written by David Apgar, a managing director of the Corporate Executive Board best-practices research organization which serves senior executives at over 2,500 institutions worldwide, Risk Intelligence: Learning To Manage What We Don't Know openly challenges the common presumption that risk management and related business judgments is a matter solely for technical specialists. Risk Intelligence teaches the reader how to distinguish learnable risks from random risks in business decisions, how to score one's own risk intelligence, how to conduct a solid risk strategy audit, how to build networks that can adapt dynamically to risk, and much more. Written in plain terms with clear examples, Risk Intelligence is enthusiastically recommended for business leaders seeking to sharpen their flexibility and adaptability when confronting unknown threats.
Highly recommended.......2006-09-19
Apgar's focus on learnable risks offers some very useful frameworks for applying risk management concepts to a real-word competitive business environment.
Excellent new perspective on risk.......2006-09-08
This is a fantastic book with powerful insight about the failing of portfolio theory when it comes to understanding and managing business risks. Apgar offers wonderful examples to illustrate how business risks are actually learnable and he creates a framework for preparing yourself to be good at learning about and mitigating risk.
This would be a very good book for seminars on risk management at the college level or in exec education programs at corporations.
Book Description
Don't let a construction lawsuit wipe you out. More and more construction contractors are getting sued these days. Make sure you protect yourself against costly litigation with Construction Insurance, Bonding and Risk Management edited by William J. Palmer, James Maloney, and John L. Heffron. Written in jargon-free language, this quick-and-easy resource will help you identify and manage risk in every phase of construction--from bidding on the job to driving home the final nail. You get the know-how you need to make sense of today's confusing array of insurance and bonds and to select the best coverage for your general business operations, individual contracts, job bidding and more.
Customer Reviews:
Construction Insurance, Bonding, and Risk Management.......2007-01-11
I founding this book most informative and would reccommend it to any person within my sphere of bussines.
Book Description
Saunders and Cornett’s Financial Institutions Management: A Risk Management Approach 4/e focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.
Customer Reviews:
A comprehensive book on risk management from a financial institution's perspective.......2007-05-07
The text covers everything you would expect from a book about risk management: credit risk, IR risk, derivatives, securitization, etc. In my opinion the authors have done a nice job of explaining various models/concepts/ideas in a clear and concise fashion.
It's also noteworthy to mention that if you are using this book you're probably using it in a class. Head's up - the chapter problem solution keys provided by your professor from the publisher (the MSWord files the publisher distributes) contain a surprisingly large number of trivial errors here -- ie. incorrect algebra and other errors. The problems are otherwise helpful in terms of understanding the material nonetheless.
Okay.......2005-09-24
Great deal, but the edition it was listed under was the worng one. I thought I was getting the right edition, but it was an older one. It still works though.
A good entry-level book on Financial Institution Risk.......2003-09-24
Using only a minimal amount of mathematics,
Professor Saunders describes a very broad
range of risks run by a Financial Institution.
A particularly good description is given
for interest rate risk management of a
standard banking portfolio.
Excellent introduction to risk management.......2001-08-22
The book is very good and it starts describing the special nature of financial institutions and the industry. Then, in the second part you have complete chapters relating to every risk management: interest rate risk (maturity, repricing gaps and duration focuses, liquidity (e.g.maturity ladder), market risk (standarized Basel Committee and VaR approaches) credit risk (including Basel Committe standarized approach, defalult risk models like credit scoring), operating costs and technology risk, FX risk, sovereign risk.
In the last part there is a good section which describes how to manage risks , including liabilty and liquidity management,deposit insurance, capital adequacy, geographic diversification, derivatives, the new credit risk management techniques and securitization.
I had the chance to have Profesor Saunders as a risk management teacher and I only say that as his classes, his book is great. It shows you the best introduction to risk management. It discusses about financial institutions (banks, insurance and securities). That book just helped me to see financial institutions under the risk focus. I really recommend this book to understand risk management.
The Best Book on Financial Institutions. Period........2001-04-14
This is probably the best book in risk management available today. This is due to the combination of breadth and depth of the text. The author gently introduces the student to an important subject and explains with pains how to manage each and every kind of risk. The two chapters on Interest rate risk are absolutely fabulous. There is a sense of continuity because the concepts you learn in one chapter has applications in another. The problems at the end of the chapters are are also challenging and will require an in-depth understanding of the subject. This book is the ultimate.
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