Haerdle, Wolfgang; Cabrera, Brenda Lopez - 2007
estimation ofthe intensity rate that describes the earthquake process from the two sidesof the contract, the reinsurance and the … occurrence of a naturaldisaster, the reconstruction can be financed with catastrophe bonds(CAT bonds) or reinsurance. This paper … calibration of the CAT bond is based on the estimation ofthe intensity rate that describes the earthquake process from the two …