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Mitigating the Impact of Natural Disasters on Public Finance

Hofman, David - In: CESifo Forum 11 (2010) 2, pp. 36-42

Persistent link: https://www.econbiz.de/10011695963

Natural Catastrophes and Global Reinsurance – Exploring the Linkages

von Dahlen, Sebastian; von Peter, Goetz - 2013

Natural disasters resulting in significant losses have become more frequent in recent decades, with 2011 being the costliest year in history. This feature explores how risk is transferred within and beyond the global insurance sector and assesses the financial linkages that arise in the process....

Persistent link: https://www.econbiz.de/10014161566

Hybrid cat-bonds

Barrieu, Pauline (contributor); Loubergé, Henri (contributor) - 2007

Natural catastrophes attract regularly the attention of media and have become a source of public concern. From a financial viewpoint, natural catastrophes represent idiosyncratic risks, diversifiable at the world level. But for reasons analyzed in this paper reinsurance markets are unable to...

Persistent link: https://www.econbiz.de/10003550859

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 … reinsurance relative to securitization. In equilibrium, low risks are transferred via reinsurance, while intermediate and high …

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

How does Catastrophe Risk Securitization Affect the Reinsurance Market?

Lee, Cheng-Few; Yu, Min‐Teh; Zhao, Yang - 2022

This research provides evidence on the relationship between catastrophe (Cat) bonds and reinsurance demand for insurers. Cat bonds substitute for traditional reinsurance demand in the hard reinsurance market, but not in the soft market. When decomposing the total reinsurance demand into internal...

Persistent link: https://www.econbiz.de/10014244959

Government Insurance Against Natural Disasters : An Application to the ECCU

Guerson, Alejandro - 2021

This paper estimates insurance requirements against natural disasters (NDs) in the Eastern Caribbean Currency Union (ECCU) using an insurance layering framework. The layers include a government saving fund, as well as market instruments. Each layer is calibrated to cover estimated fiscal cost of...

Persistent link: https://www.econbiz.de/10013250095

Mitigating the impact of natural disasters on public finances (Focus)

Hofman, David - In: CESifo forum : a bi-monthly journal on European … 11 (2010) 2, pp. 36-42

Persistent link: https://www.econbiz.de/10008661945

Reinsurance and securitisation of life insurance risk : the impact of regulatory constraints

Barrieu, Pauline M.; Loubergé, Henri - 2011

Large systematic risks, such as those arising from natural catastrophes, climatic changes and uncertain trends in longevity increases, have risen in prominence at a societal level and, more particularly, have become a highly relevant issue for the insurance industry. Against this background, the...

Persistent link: https://www.econbiz.de/10009554550

Reinsurance and Securitisation of Life Insurance Risk : The Impact of Regulatory Constraints

Barrieu, Pauline M. - 2011

Persistent link: https://www.econbiz.de/10013118035

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

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