Insurance Contracts and Securitization

@inproceedings{Doherty2001InsuranceCA,
  title={Insurance Contracts and Securitization},
  author={Neil A. Doherty and Harris Schlesinger},
  year={2001}
}
High correlations between risks can increase required insurer capital and/or reduce the availability of insurance. For such insurance lines, securitization is rapidly emerging as an alternative form of risk transfer. The ultimate success of securitization in replacing or complementing traditional insurance and reinsurance products depends on the ability of securitization to facilitate and/or be facilitated by insurance contracts. We consider how insured losses might be decomposed into separate… CONTINUE READING

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