The financial industry, including banking and insurance, is undergoing major changes. The
(re) insurance industry is increasingly exposed to catastrophic losses for which the …

An engaging and comprehensive look at the intersection of financial innovation and the
environment This unique book provides readers with a comprehensive look at the new …

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 …

Using a windstorm simulation model developed by Applied Insurance Research, we analyze
the effectiveness of catastrophic-loss index options in hedging hurricane losses for Florida …

Severe natural catastrophes in the early 1990s generated a lack of financial capacity in the
catastrophe line of the global reinsurance market. The finance industry reacted to this …

PCS Catastrophe Insurance Options were released in 1995 as a means of providing
property and casualty insurers with a method of hedging catastrophe exposures. The …

Catastrophe (CAT) bonds are one of the more recent financial derivatives to be traded on
the world markets. Initially their creation is prompted by an insurance or hedging …

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 …

Natural forces such as earthquakes, hurricanes and landslides often leave human and
economic losses in their wake. Such hazards are considered natural disasters when they …