CAT Bonds and Other Risk-Linked Securities¶
Cummins, J. D. (2008). CAT Bonds and Other Risk-Linked Securities: State of the Market and Recent Developments. Risk Management and Insurance Review, 11(1), 23-47.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Risk Transfer
- In insurance and reinsurance, policyholders transfer loss distributions to insurers, insurers transfer the tail to reinsurers, and reinsurers transfer catastrophic layers to capital markets via catastrophe bonds.
This sourceDescribes catastrophe bonds transferring reinsurer peak-loss tails to capital-market investors, including parametric triggers and collateral structures.
- In insurance and reinsurance, policyholders transfer loss distributions to insurers, insurers transfer the tail to reinsurers, and reinsurers transfer catastrophic layers to capital markets via catastrophe bonds.
Verification¶
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