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

. Based on these findings, we discuss implications for fiscal policy and publiclyprovided disaster insurance. Our policy …

, in contrast to traditional reinsurance, this kind of coverage cannot be a perfect hedge for the primary’s insured … transaction costs compared to (re)insurance products. Insurance coverage usually incurs costs of acquisition, monitoring and loss …, therefore, we introduce a simple model that enables us to analyze cat bonds and reinsurance as substitutional risk management …

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 …

vergleichbaren Anstiege. Daher liegt es nahe, dass der Klimawandel hierbei eine entscheidende Rolle spielt, was durch die Ergebnisse …

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …