-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate … associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance …

transferring risk are being explored. The paper studies several recent transactions by USAA which use reinsurance capacity from …

relatively little cat reinsurance against large events. We also find that premiums are high relative to expected losses … transactions that look to capital markets, rather than traditional reinsurance markets, for risk-bearing capacity. These provide …

We explore two theories that have been advanced to explain the patterns in U.S. catastrophe reinsurance pricing. The … second holds that the supply of capital to the reinsurance industry is less than perfectly elastic, with the consequence that … prices are bid up whenever existing funds are depleted by catastrophe losses. Using detailed reinsurance contract data from …

supply of intermediary capital is perfectly elastic. We take the US catastrophe reinsurance market as an example, using … results suggest that the price of reinsurance generally exceeds fair' values, particularly in the aftermath of large events …

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes … public optimal reinsurance employs a deductible-style deductible-style excess-of-loss policy, and when is is private but the …

earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan …. Homeowners in both provinces were given the opportunity to purchase protection against earthquake losses when presented with one … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …

The Messina-Reggio Calabria Earthquake (1908) was the deadliest earthquake and arguably the most devastating natural … disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and … international borders were open, making emigration a widespread phenomenon and a readily available option for disaster relief. We …

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …