For many years, introductory insurance textbooks presented insurance as a subject based in contracts. Slowly, the course has moved toward a consumer orientation

Examines the concept of risk and explains how to evaluate and manage it. Provides risk financing alternatives. Investigates the fundamental assumptions underlyi

This book provides an in-depth understanding of international risk management and insurance, their dynamics, and the economic, social, political, and regulatory

A proven market-leading text that provides a thorough, modern introduction to risk management and insurance. This edition continues with an even stronger focus