Sección: ArtículosTítulo: Risk management, capital budgeting, and capital structure policy for insurers and reinsurers / Kenneth A. FrootAutor: Froot, Kenneth A.Notas: This article builds on Froot and Stein in developing a framework for analyzing the risk allocation, capital budgeting, and capital structure decisions facing insurers and reinsurers. The model incorporates three key features: value-maximizing insurers and reinsurers face product-market as well as capital-market imperfections that give rise to well-founded concerns with risk management and capital allocation; some, but not all, of the risks they face can be frictionlessly hedged in the capital market; and the distribution of their cash flows may be asymmetric, which alters the demand for underwriting and hedgingRegistros relacionados: En: The Journal of risk and insurance. - Orlando. - Volume 74, number 2, May 2007 ; p. 273-299Materia / lugar / evento: Gerencia de riesgosCoste del riesgoRiesgo financieroControl de riesgosSolvenciaMercado de segurosTítulos secundarios: Título: The Journal of risk and insuranceOtras clasificaciones: 7Derechos: In Copyright (InC)
