Managing Catastrophic Risk by Alternative Risk Transfer Instruments

@inproceedings{Yang2014ManagingCR,
  title={Managing Catastrophic Risk by Alternative Risk Transfer Instruments},
  author={Chieh Yang},
  year={2014}
}
Chapter 1 analyzes hybrid-trigger CAT bonds, a new CAT bond deal that can reduce basis risk and eliminate moral hazard simultaneously. It is the first research that provides analytical evidence on the condition under which the hybrid trigger has lower basis risk. Simulation results support my analyses. Major findings in this study provide insights to insurers who would proactively manage the basis risk of CAT bonds. Chapter 2 examines whether the parimutuel mechanism can hedge risk-averse… CONTINUE READING

References

Publications referenced by this paper.
Showing 1-10 of 90 references

From Risk to Opportunity: 2007—Insurers Responses to Climate Change

E. Mill
Ceres Report, • 2007
View 5 Excerpts
Highly Influenced

Some rationales for risk sharing and financing adaptation.

Water science and technology : a journal of the International Association on Water Pollution Research • 2005
View 4 Excerpts
Highly Influenced

At War with the Weather: Managing LargeScale Risks in a New Era of Catastrophes

H. Kunreuther, E. Michel-Kerjan
2009
View 4 Excerpts
Highly Influenced

Topics Geo—Natural Catastrophes 2008: Analyses, Assessments, Positions

Munich Re
2009
View 11 Excerpts
Highly Influenced

The Search for Trends in a Global Catalogue of Normalized Weather-Related Catastrophe Losses

R. Muir-Wood, S. Miller, A. Boissonade
Workshop on Climate Change and Disaster Losses, • 2006
View 13 Excerpts
Highly Influenced

The Limited Financing of Catastrophe Risk : An Overview 1

Kenneth A. Froot
1999
View 5 Excerpts
Highly Influenced

Odds adjustments by American horse-race bettors.

The American journal of psychology • 1949
View 7 Excerpts
Highly Influenced

Similar Papers

Loading similar papers…