getAbstract Summary: Get the key points from this book in less than 10 minutes.

In this excellent introduction to risk management, author Erik Banks offers a lucid, clearly written and well-organized overview. He tells readers what risk management is, why it is necessary, how it works and how companies can carry it out most prudently and cost-effectively. He manages to convey the essential information about insurance and reinsurance, the use of capital markets and derivatives, and the application of enterprise risk management concisely. This is a remarkable achievement. Most books on insurance bog down in jargon and details, while most books on derivatives are unnecessarily complicated and dense. This one – offered by the Wiley Finance Series – is neither. Although not exactly beach reading, it's about as accessible as any book on this subject could possibly be. getAbstract recommends it highly to executives and investors.

Book Publisher:

Wiley