[PDF] Study On The Interactive Approach Between Insurance And Capital Markets For Catastrophe Risks eBook

Author : OECD
Publisher : OECD Publishing
Page : 166 pages
File Size : 21,61 MB
Release : 2011-08-12
Category :
ISBN : 9264046607

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Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.

Author : John D. Pollner
Publisher : World Bank Publications
Page : 130 pages
File Size : 12,97 MB
Release : 2001
Category : Disaster insurance
ISBN :

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In providing support for disaster-prone areas such as the Caribbean, the development community has begun to progress from disaster reconstruction assistance to funding for investment in mitigation as an explicit tool for sustainable development. Now it must enter a new phase, applying risk transfer mechanisms to address the financial risk of exposure to catastrophic events that require funding beyond what can be controlled solely through mitigation and physical measures.

Author : Christoph Weber
Publisher : Springer Science & Business Media
Page : 367 pages
File Size : 37,1 MB
Release : 2011-06-28
Category : Business & Economics
ISBN : 3834967882

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Securitisations of insurance risk as new methods of risk transfer have been emerging in the global financial market during the recent twenty years. Christoph Weber analyses the techniques of traditional methods in comparison with securitisations for life- and non-life insurance risk.

Author : Eugene N. Gurenko
Publisher : World Bank Publications
Page : 366 pages
File Size : 31,79 MB
Release : 2004
Category : Banks and Banking Reform
ISBN : 1904339204

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Including the latest invaluable insights into catastrophe reinsurance, this book provides you with a wealth of risk management expertise gained from many of the largest catastrophe risk transfer programmes worldwide.

Author : Tobias Götze
Publisher : Cuvillier Verlag
Page : 194 pages
File Size : 35,91 MB
Release : 2021-03-22
Category : Business & Economics
ISBN : 3736963785

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Due to the increasing relevance of natural catastrophes as a significant global source of risk and the capacity constraints in primary insurance and reinsurance markets, CAT bonds have become an important instrument to manage catastrophe risks by transferring them to the capital market. In three empirical studies, this dissertation examines the challenges related to catastrophe risk management with CAT bonds. First, the factors that influence the substitution of traditional reinsurance by CAT bonds are identified. These factors consist of the insured risk layer and the extends of reinsurer default risk, basis risk, and asymmetric information. Second, the accessibility of the CAT bond market for (re)insurance companies is analyzed and the results exhibit the existence of barriers to market entry in the form of higher premiums being paid by less reputable and financially weaker CAT bond sponsors. The third empirical study shows that CAT bond sponsors are susceptible to moral hazard, but also that moral hazard can be successfully prevented by sufficient loss retention or by the use of non-indemnity CAT bonds. Altogether, this dissertation contributes to improving the understanding of the CAT bond market and the challenges of catastrophe risk management using CAT bonds.

Author : Michael Himick
Publisher : Routledge
Page : 174 pages
File Size : 43,1 MB
Release : 2020-09-29
Category : Business & Economics
ISBN : 1135916659

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Securitized Insurance Risk is one of the first books to focus exclusively on the convergence of the insurance and financial markets in risk management and the emergence of insurance risk as a non-correlated asset class. Written for insurers and investors alike, this book explores the opportunities available to forward-looking risk and investment managers. Chapters by prominent experts specifically address: the win-win principle behind securitizing insurance risk; current structures, including catastrophe bonds, structured notes, catastrophe options, and swaps; partnering financial market tools with traditional reinsurance programs; holding insurance risk, uncorrelated with stocks and bonds; pricing insurance risk instruments and evaluating basic risk; and regulatory and accounting concerns.

Author : OECD
Publisher : OECD Publishing
Page : 164 pages
File Size : 48,20 MB
Release : 2011-08-12
Category :
ISBN : 9789264046597

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Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.

Author : Luca Albertini
Publisher : John Wiley & Sons
Page : 408 pages
File Size : 34,5 MB
Release : 2009-08-10
Category : Business & Economics
ISBN :

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This book provides a much needed reference for finance practitioners on the rapidly growing Insurance Linked Securities markets. It will provide readers with the state of the art in Insurance-Linked Securitization, introducing the different parties involved in the transactions and their roles, the motivation for the transaction sponsors, the potential inherent pitfalls, the latest developments and transaction structures but also the key challenges faced by the market at each stage. The book will also focus on more general issues faced by the industry, including accounting and tax issues, re.