Insurance Contracts and Securitization

  title={Insurance Contracts and Securitization},
  author={Neil A. Doherty and Harris Schlesinger},
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

From This Paper

Topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 23 references

Decomposing Catastrophic Risk," Insurance

H. Schlesinger
Mathematics and Economics, • 1999
View 12 Excerpts
Highly Influenced

The Market for Catastrophe Risk : A Clinical Examination

Kenneth A. Froot
View 4 Excerpts
Highly Influenced

The Design of Insurance Contracts when Liability Rules are Unstable,

N. A. Doherty
Journal of Risk and Insurance, • 1991
View 10 Excerpts
Highly Influenced

“Can Insurers Pay for ‘The Big One?’ Measuring the Capacity of an Insurance Market to Respond to Catastrophic Losses,”

D. Cummins, N. Doherty, A. Lo
Journal of Banking and Finance, • 2001

“The Global Market for Reinsurance: Consolidation, Capacity and Efficiency,” Brookings-Wharton Papers on Financial Services

D. Cummins, M. Weiss
View 1 Excerpt

Optimal Catastrophe Insurance

Henri Loubergé, Harris Schlesinger
View 1 Excerpt

Modeling Extremal Events for Insurance and Finance, (Berlin, Germany : Springer-Verlag)

P. Embrechts, C. Klüppelberg, T. Mikosch

The Demand for Insurance without the Expected-Utility Paradigm,

H. Schlesinger
Journal of Risk and Insurance, • 1997
View 1 Excerpt

Similar Papers

Loading similar papers…