This article reviews the current status of the market for catastrophic risk (CAT) bonds and
other risk‐linked securities. CAT bonds and other risk‐linked securities are innovative …

Purpose Catastrophe (CAT) events associated with natural catastrophes and man-made
disasters cause profound impacts on the insurance industry. This research thus reviews the …

Recent empirical literature has found a negative relationship between income per capita
and measures of risk from natural disaster, supportive of logic that higher incomes allow …

With growing attention and concern regarding green instruments, in this paper, we test for
the dynamic connectedness of green cryptocurrencies, green investment, conventional …

One of the most significant economic developments of the past decade has been the
convergence of the financial services industry, particularly the capital markets and (re) …

What a pleasure it is to discover the second edition of the Handbook of Insurance, edited by
Georges Dionne, 12 years after the first! Almost all original basic texts are there, for the most …

Securitization is one of the most important innovations of modern finance. The securitization
process involves the isolation of a pool of assets or rights to a set of cash flows and the …

This article considers strengths and weaknesses of reinsurance and securitization in
managing insurable risks. Traditional reinsurance operates efficiently in managing relatively …

Longevity risk is a major issue for insurers and pension funds, especially in the selling of
annuity products. In that respect, securitization of this risk could offer great opportunities for …

Weather derivatives are a relatively recent kind of financial product developed to manage
weather risks, and currently the weather derivatives market is the fastest‐growing derivative …