Arbeitspapier
When should a CAT index futures be created?
Traditionally, insurance risks are borne in reinsurance markets. In 1990s, however, after the sequence of huge natural disasters and huge insurance payments, the reinsurance markets reduced its capability to bear risks, especially those related to catastrophic natural disasters. Catastrophe-Linked Securities (CLS) were invented in order to fill the need for additional reinsurance capacity by transferring insurance risks to the capital markets. The CAT (catastrophe) index futures is one of the several types of CLS's. This paper investigates conditions under which the index derivatives, such as the CAT index futures, of the insurance risks can be traded by the non-insurance investors and is beneficial from the insurers' and the exchange's viewpoints.
- Language
-
Englisch
- Bibliographic citation
-
Series: ISER Discussion Paper ; No. 576
- Classification
-
Wirtschaft
- Subject
-
Risikomodell
Index-Futures
Messung
Katastrophe
Rückversicherung
Finanzmarkt
- Event
-
Geistige Schöpfung
- (who)
-
Ohashi, Kazuhiko
- Event
-
Veröffentlichung
- (who)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ohashi, Kazuhiko
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2003
Other Objects (12)
"When cat meets cat;" or, "Kilkenny aboo!!!"
"When the cat's away"
Group A : when rallying created road car icons 1987-1996
When should retirees tap their home equity?
When should retirees tap their home equity?
Smallpox: when should routine vaccination be discontinued?
"Where cook has treated, cat should be caressed!"
When Should Developing Countries Announce Their Climate Policy?
When should we provide separate auto and truck roadways?
Contract, Renegotiation, and Holdup: When Should Messages be Sent?
(When) Should a Non-Euro Country Join the Banking Union?
When Should We (Not) Interpret Linear IV Estimands as LATE?
"When cat meets cat;" or, "Kilkenny aboo!!!"
"When the cat's away"
Group A : when rallying created road car icons 1987-1996
When should retirees tap their home equity?
When should retirees tap their home equity?
Smallpox: when should routine vaccination be discontinued?
"Where cook has treated, cat should be caressed!"
When Should Developing Countries Announce Their Climate Policy?
When should we provide separate auto and truck roadways?
Contract, Renegotiation, and Holdup: When Should Messages be Sent?
(When) Should a Non-Euro Country Join the Banking Union?
When Should We (Not) Interpret Linear IV Estimands as LATE?
"When cat meets cat;" or, "Kilkenny aboo!!!"
"When the cat's away"
Group A : when rallying created road car icons 1987-1996
When should retirees tap their home equity?
When should retirees tap their home equity?
Smallpox: when should routine vaccination be discontinued?
"Where cook has treated, cat should be caressed!"
When Should Developing Countries Announce Their Climate Policy?
When should we provide separate auto and truck roadways?
Contract, Renegotiation, and Holdup: When Should Messages be Sent?
(When) Should a Non-Euro Country Join the Banking Union?