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We investigate the effect of the 20 largest in terms of insured losses man-made or natural disasters on the insurance … industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and …
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case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its … relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low … penetration of natural disasters insurance and the potential effects of a recent Government initiative called “Sisma Bonus”. The …
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