A unlt-hnked hfe insurance contract ~s a contract where the insurancebenefits depend on the price of some specific traded stocks We consider amodel describing the uncertainty of the financial market and a portfoho ofinsured individuals simultaneously...

In this paper, we establish a comparison between one of the most traded financial derivatives in the markets, the so-called catastrophe bonds (abbreviated as cat bonds) and the corporate bonds. In the first section, we start from a brief definition as well as some basic concepts. In section two,...