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This handbook examines the latest techniques and strategies that are used to unlock the risk transfer capacity of global financial and capital markets. Taking the financial crisis and global recession into account, it frames and contextualises non-traditional risk transfer tools created over the last 20 years. Featuring contributions from distinguished academics and professionals from around the world, this book covers in detail issues in securitization, financial risk management and innovation, structured finance and derivatives, life and non-life pure risk management, market and financial reinsurance, CAT risk management, crisis management, natural, environmental and man-made risks, terrorism risk, risk modelling, vulnerability and resilience. This handbook will be of interest to academics, researchers and practitioners in the field of risk transfer

Innovation and technology have led to the redefinition of business models and development of new ones in many bricks and mortar sectors.  Similarly, blockchain and fintech have impacted the finance and banking industries and are expected to further affect them in the future, leading some media to coin the expression “Uberization of banking”.  The authors extrapolate from sharing economy models to conclude that while blockchain and fintech are poised to advance finance and banking, there are no disruptive features that corroborate the term.  By analogy and successive approximations, this article identifies the limitations of the arguments for disruption in finance and banking.  Besides, hinging upon stylized facts, the article establishes similarities with sharing economy models to identify potential threats stemming from financial innovations such as Tokenomics, tagged as “no-ABSs”.  Eventually, the authors identify entry points and ways forward arising from the COVID-19 pandemic for policy makers and regulators to regain their pivotal role in policing the market and ensuring transparency while driving innovation.

Given the purpose of the book-to provide an observational framework for considering the wisdom of property-liability insurance price regulation in general-the choice to focus on automobile insurance pricing makes sense. The size and importance of the auto insurance line to the property-liability insurance industry is staggering, such that the question of whether to deregulate it is of significant interest to a mass group. And it is one of only a few property-liability insurance lines that remain regulated, thus providing ease of observation. Finally, private-passenger auto insurance is dominated by the personal lines, therefore making the findings of these researchers relevant to public policy concerns.