concerns. The approach of catastrophic risk management seems to suffer from a rigid dominant definition of risk and oscillate …

different ways of the risk transfer. Reinsurance is necessary to perform correct financial economy of an insurance company … gains in particular importance. Catastrophical risk are more and more frequently observed and they are more and more …

efficiently manage climate change catastrophe risk is a universal challenge. Private insurance generally produces optimal outcomes …

proposed to split Nat Cat risk into idiosyncratic (and hence insurable) risk and systematic risk (carrying the correlated part …). It is explained that the systematic risk can be transferred to capital markets using a set of parametric CAT bonds …. Premium calculation is presented for insuring the decomposed risk. Portfolio risk-return trade-off measures for investing on …

of catastrophic insurance. Building on our estimation results, we discuss the scope for the risk transfer to the …

We provide a novel explanation for the low volume of securitization in catastrophe risk transfer. Insurers' risk … reinsurers' market power, higher costs of capital, and monitoring costs. In equilibrium, the lowest risk insurers choose … reinsurance, while intermediate and high risk insurers choose partial and full securitization, respectively. An increase in the …