Incorporating an international perspective, this text explores risk issues, their dynamics, and the economics, social, political, and regulatory environments surrounding global risk and insurance markets. Introductory chapters cover the language of risk management, risk perceptions and reactions, and the economics of international trade. Later sections examine factors shaping the risk environmental internationally, issues related to enterprise risk management in a global economy, and insurance markets worldwide. Theory is illustrated with real-world case studies, and boxes highlight vignettes from newspapers and other publications. Discussion questions, exercises, and a glossary are included. The text is suited for use in core insurance courses in business schools, both at the undergraduate and graduate levels. Skipper is former chairman of the Department of Risk and Insurance at Georgia State University. Kwon is associate professor of insurance at St. John's University. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)