Catastrophe bonds (CAT bonds) are risk-linked securities used by the insurance industry to transfer risks associated with the occurrence of natural disasters to the capital markets. Current formulations for the pricing analysis do not account for uncertainties in model parameters. Neglecting such uncertainties might lead to assuming risks that are higher than intended. This paper develops a risk-based bond pricing, considering the uncertainties in the model parameters. The proposed formulation allows for the definition of CAT bond pricing based on a fixed accepted level of risk. With the proposed formulation, the probability distribution of the CAT bond default probability can be found for a selected price and, conversely, a price can be se...
Given the relevance that Cat Bonds are taking in the financial markets, as well as their appeal for ...
This article reviews the current status of the market for catastrophic risk (CAT) bonds and other ri...
This article provides an assessment of the current state of the market for catastrophe (or "Cat") bo...
Catastrophe bonds (CAT bonds) are risk-linked securities used by the insurance industry to transfer ...
Catastrophe bonds (CAT bond) are risk-linked securities used by the insurance industry to transfer r...
Catastrophe bonds are the most important products in catastrophe risk securitization market. For the...
Existing models of the market price of cat bonds are often overly exotic or too simplistic; we inten...
Natural and man-made disasters are source of significant concern for privates and public au-thoritie...
Catastrophe bond (CAT bond) is one of the modern financial instruments to transfer the risk of natur...
In this paper the catastrophe bond prices, as determined by the market, are analysed. The limited pu...
This note provides a simple closed form solution for valuing Cat bonds. The formula is consistent wi...
Insurance companies are seeking more adequate liquidity funds to cover the insured property losses r...
At present, insurance companies are seeking more adequate liquidity funds to cover the insured prope...
Natural catastrophes attract regularly the attention of media and have become a source of public con...
"CAT bonds are of significant importance in the field of alternative risk transfer. Since the market...
Given the relevance that Cat Bonds are taking in the financial markets, as well as their appeal for ...
This article reviews the current status of the market for catastrophic risk (CAT) bonds and other ri...
This article provides an assessment of the current state of the market for catastrophe (or "Cat") bo...
Catastrophe bonds (CAT bonds) are risk-linked securities used by the insurance industry to transfer ...
Catastrophe bonds (CAT bond) are risk-linked securities used by the insurance industry to transfer r...
Catastrophe bonds are the most important products in catastrophe risk securitization market. For the...
Existing models of the market price of cat bonds are often overly exotic or too simplistic; we inten...
Natural and man-made disasters are source of significant concern for privates and public au-thoritie...
Catastrophe bond (CAT bond) is one of the modern financial instruments to transfer the risk of natur...
In this paper the catastrophe bond prices, as determined by the market, are analysed. The limited pu...
This note provides a simple closed form solution for valuing Cat bonds. The formula is consistent wi...
Insurance companies are seeking more adequate liquidity funds to cover the insured property losses r...
At present, insurance companies are seeking more adequate liquidity funds to cover the insured prope...
Natural catastrophes attract regularly the attention of media and have become a source of public con...
"CAT bonds are of significant importance in the field of alternative risk transfer. Since the market...
Given the relevance that Cat Bonds are taking in the financial markets, as well as their appeal for ...
This article reviews the current status of the market for catastrophic risk (CAT) bonds and other ri...
This article provides an assessment of the current state of the market for catastrophe (or "Cat") bo...