|
|
|
| Registros recuperados: 12 | |
|
| |
|
| |
|
|
| Haerdle, Wolfgang; Cabrera, Brenda Lopez. |
| The study of natural catastrophe models plays an important role in the prevention and mitigation of disasters. After the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance. This paper examines the calibration of a real parametric CAT bond for earthquakes that was sponsored by the Mexican government. The calibration of the CAT bond is based on the estimation of the intensity rate that describes the earthquake process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results demonstrate that, under specific conditions, the financial strategy of the government, a mix of reinsurance and CAT bond, is optimal in the sense that it... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: CAT bonds; Reinsurance; Earthquakes; Doubly Stochastic Poisson Process; Trigger mechanism; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/9265 |
| |
|
|
| Huang, Xiao-Min; Wang, Li-Lan. |
| Agricultural risks in our country have been introduced: firstly, disasters are multiple and frequently happened; secondly, widely affected and seriously suffered. Features of risks also are introduced: the first is the agricultural risk unit is large; the second is the agricultural risk is strongly regional; the third is the agricultural risk is universally half revival. The paper discusses the limits of the agricultural risks management, pointing out that in the management systems of agricultural risks, government finance is strongly burdened, compensations on the catastrophe is small in region, low in level. Based on the above analysis, the protection systems of agricultural risks have been constructed: the first is to establish the reassurance systems... |
| Tipo: Journal Article |
Palavras-chave: Catastrophic risks; Natural insurance; Reinsurance; Risk funds of catastrophe China; Agribusiness. |
| Ano: 2010 |
URL: http://purl.umn.edu/97623 |
| |
|
|
| Ismail, Noriszura; Ahmad Anuar, Ansar Asnawi. |
| In developing countries such as Malaysia, the availability of reinsurance arrangements provides several advantages to the primary insurers such as keeping their risk exposures at prudent levels by having their large risk exposures reinsured by another company, meeting client requests for larger insurance coverage by having their limited financial sources supported by another company, and acquiring underwriting skills, experience and ability of handling complex claims by depending on another company for such services. This paper aims to model insurance claims and assess the insolvency probability of reinsurance treaties. Claims data was obtained from one of the leading insurers in Malaysia and R programming with actuar package is used to compute the... |
| Tipo: Journal Article |
Palavras-chave: Reinsurance; Pricing; Insolvency probability; Excess-of-loss.; Financial Economics; C10; C13. |
| Ano: 2009 |
URL: http://purl.umn.edu/94581 |
| |
|
| |
|
|
| Babcock, Bruce A.; Hayes, Dermot J.; Griffin, Steven C.. |
| Building on recent work by Mirand and Glauber (1997), this report shows that it is feasible to use exchange-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract, which would allow producers to guarantee against reductions in county-level revenues. The insurance company would then purchase put options on an exchange-based revenue contract to protect against statewide revenue shortfalls. The analysis suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of reinsurance needed would not... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Exchange-based revenue; Agricultural insurance; Reinsurance; Risk management; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/18408 |
| |
|
| |
|
|
| Epperson, James E.. |
| A catastrophe (CAT) bond is designed for peanut production as a means of transferring natural disaster risks from insurance purveyors to the global capital market. The CAT bond so designed is priced using state-level historical yields for peanut production in the southern part of the United States in the State of Georgia. The index triggering the CAT bond contract was based on percent deviation from state average yield. The principal finding of the study is that it appears feasible for crop insurance purveyors to issue insurance-linked securities. CAT bonds can reduce the variance of the loss ratio when issued optimally with regard to the number of bonds and contract specifications. CAT bonds could therefore be used in hedging catastrophic risk effectively... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Insurance; Reinsurance; Pricing; Hedging; Agricultural Finance; Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/44512 |
| |
|
| |
|
|
| Woodard, Joshua D.; Garcia, Philip. |
| Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In contrast to earlier studies which investigate the problem at low levels of aggregation, we find that better weather hedging opportunities may exist at higher levels of spatial aggregation. Aggregating production exposures reduces idiosyncratic risk, leaving a greater proportion of the total risk in the form of systemic weather risk which can be effectively hedged using relatively simple weather derivatives. The aggregation effect suggests that the potential for weather derivatives in agriculture may be greater than previously thought, particularly for aggregators of risk such as reinsurers. |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Hedging; Reinsurance; Spatial aggregation; Systemic risk; Weather derivatives; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/36705 |
| |
|
| |
| Registros recuperados: 12 | |
|
|
|
