Corporate Insurance Strategy:The Case of British Petroleum

소개글

재무 관리 강의 수강 중 제출했던 Corporate Insurance Strategy:The Case of British Petroleum에 대한 PPT입니다. (영문 33 슬라이드) 일반적으로 보험이 왜 사용되는지로 부터
출발해 British Petroleum같은 거대 기업 특히 석유 Industry와 같이 리스크가 높은 산업 분야의 경우에 어떻게 보험을 적용하는 지에 대한 페이퍼입니다.

목차

Risk Management
Why Insurance
Difference between Individual & Corporate Insurance
The Real Benefits of Insurance
Supply Side of Corporate Insurance
A Closer Look at BP
An Unconventional Approach: What? Why?

본문내용

Introduction – Risk Management
Risk Management
Focus on when and how to hedge using financial instruments to manage costly exposures to risk
Insurance
Why Insurance?

Some advantages:
Experience in insuring similar risks
Skilled at providing advice to reduce risk
May offer lower premiums to firms that take advice
They can pool risks with diversified portfolios
Some disadvantages:
Administrative costs
Adverse selection
Moral Hazard

Insurance (Large & Medium-Sized Firm)
Small losses: Predictable
Buying Insurance = Premium EXCHANG Loss Settlement (Trading Dollars)
Large losses: Rare & Less Predictable
Buying Insurance = Hedging Risk

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