Should the pricing of reinsurance catastrophes be related to the price of the default risk
embedded in corporate bonds?If not, why not?A risk is a risk is a risk, in whatever market it …

The price of catastrophe risks is viewed by many to be too high and/or too volatile. Catastrophe
risk practitioners point out that, contrary to standard insurance, such as automobile …

Determining whether options are cheap or expensive is the single greatest challenge in
trading options. The buyer of an option can profit from realized volatility that is greater than …

This paper compares and contrasts the evolution of the longevity risk transfer market with
the development of the Catastrophe Bond Market, more formally known as the Insurance …

An inordinately large number of natural catastrophes occur in the developing world. That is,
they occur in those areas least likely to be able to handle the disaster’s human and …

This paper presents a model for designing the optimum control policies of a reservoir serving
an agricultural demand area. Policies are designed to maximize the expected agricultural …

Purpose – This article aims to examine the risk inherent in the insurance of the aviation
industry, to take an outsider's look at those risks and to develop certain “capital market” pricing …

“If there were no losses; there would be no premiums,” Insurance proverb. This paper
analyzes the history of natural catastrophe Insurance-Linked Securities (ILS), or Cat Bonds (CB), …

At this year's third annual Bond Market Association Risk‐Linked Securities Conference, John
Seo gave an excellent address entitled “Risk Management Tools for Investors.” The more …

Risk is difficult to measure — so difficult that no single measure seems robust enough for all
circumstances. This is especially true of measuring the risk contained in insurance‐linked …