Galeotti, Marcello; Gürtler, Marc; Rehan, Christine - Institut für Finanzwirtschaft <Braunschweig> - 2009
(CAT-)astrophe Bonds are of significant importance in the field of alternative risk transfer.Since the market of CAT Bonds is not as liquid as e.g. the stock market, the use of pricing models is ofhigh relevance. One important parameter in all pricing models is the probability of catastrophe....
