Zhao, Yang; Lee, Jin-Ping; Yu, Min-Teh - In: China Finance Review International 11 (2021) 4, pp. 449-473
Purpose: Catastrophe (CAT) events associated with natural catastrophes and man-made disasters cause profound impacts on the insurance industry. This research thus reviews the impact of CAT risk on the insurance industry and how traditional reinsurance and securitized risk-transfer instruments...