, there is uncertainty about the determination of the CAT bond premium. In addition, it is not apparent how CAT bonds react … after the financial crisis or a natural catastrophe. We empirically verify which factors determine the CAT bond premium and … that the recent financial crisis has a significant impact on CAT bond premiums. Furthermore, we find that after hurricane …

In this paper, we develop a methodology to model the risk of losses resulting from a natural disaster in which the …

the parametric CAT bond are derived. Multi-regional and multi-hazard parametric CAT bonds are introduced to reduce the …

hypothetical CAT bond issued for the period 1999-2003. As a result, by transferring the risk to the capital market, investors could …

devastation may contribute to the economic collapse and increase in sovereign debt. A catastrophe bond (CAT bond) can be utilized … to transfer catastrophe risk to the financial market. This article examines how policymakers can use a CAT bond as an ex … using three potential catastrophe bond packages based on the coverage size of the simulated loss. We find that all packages …

catastrophe loss data, match them with the defined trigger events of each CAT bond contract, and then employ an empirical pricing … supports that CAT bond markets are successful prediction markets that efficiently aggregate information about future CAT losses …. Our results also highlight that actual CAT losses in future periods can explain the excess CAT bond spreads in the primary …