between catastrophe risk and the implied volatility smile of insurance stock options. We find that the slope is significantly …, suggesting a higher risk compensation for catastrophic events. We are able to link the insurance-specific tail risk component … derived from options with the risk spread from catastrophe bonds. Our results provide an accurate, high-frequency calculation …

The study provides an assessment of the disaster risk financing mechanisms in the Philippines. It looks at the sources … of the current disaster risk finance and insurance mechanisms. Case studies are presented showcasing detailed analysis at … government has to improve its overall disaster risk financing and insurance (DRFI) program. DRFI has to be anchored on an …