In bis research study, Mr. Weber analyzes the risk transfer of the insurance sector into the capital markets using Insuranee Linked Securities (ILS). Special foeus is on the roJe of the banks in the process.

After the introduction, the second ehapter of the study starts by describing the basic insuranee economies like the definition of risk, insuranee mathematics, asset-liability-management, and asset management Chapter three explains the different types of insurance eompanies. Methods of risk transfer are the topie of the fourth ehapter. While traditiona! risk transfer is taking place within the insurance sector, the different methods of Alternative Risk Transfer (ART) are effeeted among primary insurers or reinsurers and the eapital markets. ART ean be used in the form of risk carriers, finite solutions, side-cars, derivatives traded at exehanges or over-the-eounter, contingent capital, and multi-risk produets...

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