Journal Article
Securitizing property catastrophe risk
Abstract: The trading of property catastrophe risk using standard financial instruments such as options and bonds enables insurance companies to hedge their exposure by transferring risk to investors, who take positions on the occurrence and cost of catastrophes. Although these property catastrophe risk instruments are relatively new products, they have already established an important link between the insurance industry and the U.S. capital market.
Access Documents
File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci2-9.pdf
File(s): File format is text/html https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci2-9.html
Authors
Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Current Issues in Economics and Finance
Publication Date: 1996
Volume: 2
Issue: Aug
Order Number: 9