the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … government. The calibration of the CAT bond is based on the estimation of the intensity rate that describes the earthquake … process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results …

way the Munich Re dealt with the challenge of the San Francisco earthquake of 1906. …

the fourth largest recorded in the world. The scope of the disaster far exceeded that of the Hanshin Earthquake of 1995 …The Great East Japan Earthquake on 11 March 2011 was the biggest earthquake recorded in Japanese seismic history, and …. The repercussions of this disaster spread far beyond the geographical areas directly affected. For example, Electric power …

Traditionally, insurance risks are borne in reinsurance markets. In 1990s, however, after the sequence of huge natural … disasters and huge insurance payments, the reinsurance markets reduced its capability to bear risks, especially those related to … reinsurance capacity by transferring insurance risks to the capital markets. The CAT (catastrophe) index futures is one of the …

Structured finance instruments represent a form of securitization technology which can be defined by the … securitization, in order to identify the economic forces underlying the creation of SF instruments. A question addressed is under … what circumstances one would expect to observe pooling alone (as with traditional securitization) versus pooling and …

the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown …

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …

positive. Next, we show that a judicious combination of deposit insurance and reinsurance eliminates all non …