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

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) …

Climate change challenges are formidable, and especially so for the insurance sector for the
economy-wide risk management role it plays. Extreme events, depicted by acute climate …

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 …

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

We identify a new benefit of index or parametric triggers. Asymmetric information between
reinsurers on an insurer's risk affects competition in the reinsurance market: reinsurers are …

This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance
instruments available to governments for funding disaster losses. The framework can be …

Derivative longevity risk solutions, such as bespoke and indexed longevity swaps, allow
pension schemes, and annuity providers to swap out longevity risk, but introduce …

Reinsurance and CAT bonds are two alternative risk management instruments used by
insurance companies. Insurers should be indifferent between the two instruments in a …

One of the most significant economic developments of the past decade has been the
development of innovative risk-financing techniques in the insurance industry. Innovation …