Risk = life or death to a corporation. Risk management, therefore, is a life-saving operation. An area that was once perceived as a subset of insurance now concerns CEOs, finance officers and shareholders of companies big and small. New risk management tools and techniques challenge professionals to learn more about them or lose to more adaptable competitors. Integrating Corporate Risk Management is an "and" book, because it's about the relationships between insurance and capital markets and between:

- single risks and integrated risks
- separate markets and converging markets
- capital management and risk management

Shimpi asserts what matters most is that managers adopt a common view of risk. CEOs and financial officers need to be aware of multi-line and multi-trigger products, run-off solutions, or finite risk reinsurance. To illustrate, Shimpi introduces the Insurative Model, an important new tool that allows managers to compare the impact of derivatives strategies, multi-line insurance covers, contingent capital facilities, securitization, and more. Other techniques are classified according to the degree they integrate insurance and risk management markets. This informative and comprehensive account of present best practice maps the clearest path through the peaks and valleys along the new frontier of risk management.(barnesandnoble.com)