the burden of socializing the risk of individual and business property losses instead of leaving these private actions … applicable to state‐created catastrophe risk financing entities. Case studies of three exposure‐prone states (Florida, Louisiana … and California) detail their catastrophic risk financing through the capital markets. This comparative analysis of …

How does catastrophe-risk awareness affect selection patterns in catastrophe insurance markets? Catastrophe insurance … very different levels of risk, which could generate adverse selection problems. Yet there is also ample evidence that … people have low understanding and awareness of catastrophe risk, which could prevent people from exploiting their …

and adverse selection. Index based risk transfer minimizes these obstacles by not fully insuring the risk. However, such … incompleteness generates basis risk, that is the risk that claims do not match losses. This paper analyzes the upside basis risk … (receiving a claim without a loss) and downside basis risk (having a loss but no claim) to determine a partial order ranking of …

of climate change manifest. We study how the cost of hedging disaster risk changes home prices by utilizing a 2012 law … level rise, suggesting that insurance pricing can accelerate the incorporation of climate risk in asset markets. Our results …

order to apply pricing tools of financial mathematics, one needs to isolate a Gaussian risk factor. A conventional model for … Gaussian variable appears. Earlier work investigated this temperature risk in dfferent locations and showed that neither … accurate fitting procedure of localised temperature risk process by achieving excellent normal risk factors. -- Weather …

the core of the debate, we argue that another key dimension is often overlooked: how to use insurance as a lever for risk … be effective. We conclude that there is clear scope for the EU to play a greater role in linking risk transfer and … prevention, beyond existing channels, to ensure an integrated approach to flood risk management across the EU. …

prevention, protection and loss solution. Due to these risk factors we have focused our research on issues of uninsurable risks … development in the Czech Republic. Calculations are also based on our estimations of risk development. This research highlights … and risk factors using. …

Natural catastrophe risk is increasingly covered through alternative capital instead of classical reinsurance. As most … risk contracts to market …

between catastrophe risk and the implied volatility smile of insurance stock options. We find that the slope is significantly …, suggesting a higher risk compensation for catastrophic events. We are able to link the insurance-specific tail risk component … derived from options with the risk spread from catastrophe bonds. Our results provide an accurate, high-frequency calculation …