As an adjectivecatastrophicis of or pertaining to a catastrophe. catastrophe English (wikipedia catastrophe) Alternative forms * (now rare) * Noun (en noun) Any large and disastrous event of great significance. (insurance) A disaster beyond expectations ...
Insurance Against Catastrophe: Government Stimulation of Insurance Markets for Catastrophic Eventsdoi:10.2139/SSRN.2213772Véronique BruggemanMichael G. FaureTobias HeldtSsrn Electronic Journal
Catastrophe Excess Reinsurance is a vital component of risk management in the insurance industry. By transferring a portion of their risk to reinsurers, insurers can protect themselves against potentially devastating financial losses caused by catastrophic events. This enables insurers to continue operating...
Policy Issues in Insurance No. 08: Catastrophic Risks and Insurance: Comparative Analysis of Large Scale Catastrophe Compensation SchemesThis chapter first compares the large‐scale compensation scheme of sixteen OECD countries. The role of the private market and governments in coping with the ...
Micro-insuranceEconomic safety for the poorBottom of the pyramidChina earthquake riskGujarat earthquake riskHelping the poor in developing societies from the ravages of catastrophic events such as earthquakes should be one of the highest priorities of any society. It is always this sector of any ...
Policy Issues in Insurance No. 08: Catastrophic Risks and Insurance: The Turkish Catastrophe Insurance Pool (TCIP) and Compulsory Earthquake Insurance SchemeThe introduction of the Turkish Catastrophe Insurance Pool (TCIP), in 2000, provides a reliable method for compensation to homeowners in Turkey ...
In anticipation of the catastrophic impact of major hurricanes, the insurance industry relies on reinsurance as a crucial mechanism to share and transfer risk, stabilize loss experience, and create additional underwriting capacity. In fact, new reinsurers tend to crop up after major disasters. Some ...
Catastrophe risk-based bonds are used by governments, financial institutions and (re)insurers to transfer the financial risk associated to the occurrence of catastrophic events, such as earthquakes, to the capital market. In this study, we show how municipalities prone to earthquakes can use this ...
Catastrophe insurance is also different from other types of insurance from a business standpoint. It is difficult to estimate the total potential exposure to, and cost of, an insured loss, especially since a catastrophic event often results in an extremely large number of claims being filed simulta...
SK Lin,CC Chang,MR Powers - 《Insurance》 被引量: 52发表: 2009年 Designing catastrophic bonds for catastrophic risks in agriculture: macro hedging long and short rains in Kenya valuation model is designed around the multiple triggers of the Mexican Catastrophe bonds, but the valuation model is...