Chichilnisky, Graciela; Heal, Geoffrey - Volkswirtschaftliche Fakultät, … - 1998
It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the insurance …