Review of Risk Management and Insurance (Hardcover)

This textbook offers a detailed, panoptic view of the field of insurance and risk management. Author Etti G. Baranoff does not seem to promote a philosophical, narrative or analytical point of view on the subject. Instead, she aims to provide students with a dense introduction to the field's bedrock information. Therefore, she presents a vast number of facts related to insurance and risk management, but generally refrains from taking a position on them. This is the sort of book one is assigned as the well-chosen, required text in a course on insurance. The author expertly defines every necessary term and explores every important aspect of the decision to buy or forego insurance, including legal implications, policy variants and alternative products. We suggest that corporate risk managers may want to keep it on their bookshelves for its excellent definitions and its appendices, which offer illustrative excerpts from several different insurance policies. Even those who are not in the risk management business could benefit from some chapters, especially those recommending ways to calculate the appropriate amount of insurance.



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Review of Managing Global Financial and Foreign Exchange Rate Risk (Hardcover)

This is a decent enough book and will provide a good introduction to those who want to understand the basics of the foreign exchange market and, in particular, the details of financial instruments that can be used. To me, that is the problem though; the title alludes to managing risk, but this is really mostly (but not entirely) just yet another book explaining all the instruments that can be used. These are a dime a dozen and the reader would have been better served if the author focused on what the title promised. Still, if you are a corporate treasurer without much experience this book will be helpful.



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