tropical cyclones. By 2050, these numbers are likely to more than double. Mortality risk therefore is highly concentrated in … many of the world s cities and economic risk even more so. This paper discusses what sets hazard risk in urban areas apart …, provides estimates of valuation of hazard risk, and discusses implications for individual mitigation and public policy. The …

. The first part of this chapter reviews the 2008 disaster in convertible bonds and convertible arbitrage. Next, activity in … nineteenth century option markets is examined to explore the importance of modern theory in pricing derivatives. The final … section reviews the linkage between theory and practice in bridge building. The particularly interesting analogy is the …

We develop a dynamic game model for efficient catastrophe risk-sharing that allows decision makers to derive optimal … catastrophe risk transfer, and represents a Pareto improvement on a competitive market with no reinsurance or with private … program is a complement to an ex-post catastrophe-relief program and a risk-based solvency regulation …

The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …

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 …

authorities and agencies and/or public authorities and civil society for disaster risk reduction. We pay attention to Public … resource management (CBNRM) and disaster risk reduction (CBDRR), as well as other cooperative initiatives. In many respects …. The analysis is complemented by examples of PuPs addressed in the ENHANCE case studies in which disaster risk reduction …

-free and are relevant to many fields encountering catastrophic risk analysis, such as, perhaps most noticeably, insurance and … risk management …

incorporate natural disaster risk in financing decision, which is consistent with the trade-off theory of capital structure …Firms located in more disaster-prone counties adopt more conservative leverage policies than those in less disaster …

insurance may help realize the goal of mitigating catastrophe risk and the following losses. I explore five regulatory tools … — risk-based pricing, contract design, loss prevention services, claim management, and refusal to insure — used by … could have a significant effect on risk mitigation. Finally, I discuss the possibility and feasibility of regulation by …

tropical cyclones. By 2050, these numbers are likely to more than double. Mortality risk therefore is highly concentrated in … many of the world s cities and economic risk even more so. This paper discusses what sets hazard risk in urban areas apart …, provides estimates of valuation of hazard risk, and discusses implications for individual mitigation and public policy. The …