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Mitigating wildfire losses via insurance-linked securities : modeling and risk management perspectives

Li, Hong; Su, Jianxi - In: The journal of risk & insurance 91 (2024) 2, pp. 383-414

Persistent link: https://www.econbiz.de/10014545326

Systemic Financial Risk : An Emerging Market Perspective

Karminsky, Alexander (ed.); Stolbov, Michail I. (ed.) - 2024

Part I. New Trends in International Financial Development and Risk Assessment -- Chapter 1. Adapted Approaches to Measuring Financial Development Konstantin Krinichansky -- Chapter 2. Green Finance: Trends, Prospects and Risks Svetlana Pertseva , Anna Vityazeva -- Chapter 3. Dynamic BRICS Stock...

Persistent link: https://www.econbiz.de/10014535157

To improve is to change? : the effects of risk rating 2.0 on flood insurance demand

Ortega, Francesc; Petkov, Ivan - 2024

We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk …

Persistent link: https://www.econbiz.de/10014535316

Flood risk and insurance take-up in the flood zone and its periphery

Petkov, Ivan; Ortega, Francesc - 2024

Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the vicinity of the flood zone based on building-level inundation...

Persistent link: https://www.econbiz.de/10014514620

CAT bonds : a suitable systemic approach for handling catastrophic risks in the Czech Republic?

Tisová, Petra; Ducháčková, Eva; Stádník, Bohumil - In: Prague economic papers : a bimonthly journal of … 32 (2023) 6, pp. 608-627

Catastrophic natural events in the Czech Republic have always caused a considerable burden on public finance. However, this risk can be transferred to capital market investors through CAT bonds, which have never been used for this purpose in the Czech Republic. The paper deals with the...

Persistent link: https://www.econbiz.de/10014516261

Reinsurance Versus Securitization of Catastrophe Risk

Subramanian, Ajay - 2018

We provide a novel explanation for the low volume of securitization in catastrophe risk transfer using a signaling model. Relative to securitization, reinsurance features lower adverse selection costs because reinsurers possess superior underwriting resources than ordinary capital market...

Persistent link: https://www.econbiz.de/10012915537

The Impact of Unexpected Natural Disasters on Insurance Markets

Sharma, Ghanshyam - 2018

state. We find evidence that total sales of the insurance industry goes up in response to an unexpected disaster. However …

Persistent link: https://www.econbiz.de/10012915948

Corporate Demand for Insurance : An Empirical Analysis of the U.S. Market for Catastrophe and Non-Catastrophe Risks

Michel-Kerjan, Erwann - 2011

Using a unique dataset of insurance decisions by over 1,800 large U.S. corporations, this study provides the first empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We combine demand and supply data and apply a...

Persistent link: https://www.econbiz.de/10012461255

Asteroids : Assessing Catastrophic Risks

Chichilnisky, Graciela - 2010

Sixty five million years ago an asteroid crashed into earth Global winds distributed the dust throughout the atmosphere, blocking sunlight, and many life-forms that relied on the sun eventually perished. In a short period of time, many experts believe, the mighty dinosaurs that dominated our...

Persistent link: https://www.econbiz.de/10014199706

Catastrophic Risks

Chichilnisky, Graciela - 2010

. The article summarizes decision theory involving catastrophic risks within Von Neumann is axiomatic theory of choice under … uncertainty, and within new extensions of the theory that are specifically designed for rare events of major consequences. The … classic expected utility theory is insensitive to rare events no matter how catastrophic. Its insensitivity emerges from the …

Persistent link: https://www.econbiz.de/10014199946