This article reviews the literature on the financial sector impacts of natural disasters and
physical climate change risks, covering banking, insurance, stock markets, bond markets …

This article reviews the current status of the market for catastrophic risk (CAT) bonds and
other risk‐linked securities. CAT bonds and other risk‐linked securities are innovative …

This paper analyzes the insurability of pandemic risk and outlines how underwriting policies
and scenario analysis are used to build resilience upfront and plan contingency actions for …

This paper examines the market for catastrophe event risk–ie, financial claims that are linked
to losses associated with natural hazards, such as hurricanes and earthquakes. Risk …

One of the most significant economic developments of the past decade has been the
convergence of the financial services industry, particularly the capital markets and (re) …

What a pleasure it is to discover the second edition of the Handbook of Insurance, edited by
Georges Dionne, 12 years after the first! Almost all original basic texts are there, for the most …

This paper surveys the literature on option pricing from its origins to the present. An
extensive review of valuation methods for European-and American-style claims is provided …

This article develops a contingent claim model to price a default-risky, catastrophe-linked
bond. This model incorporates stochastic interest rates and more generic loss processes …

Using a windstorm simulation model developed by Applied Insurance Research, we analyze
the effectiveness of catastrophic-loss index options in hedging hurricane losses for Florida …

This article considers strengths and weaknesses of reinsurance and securitization in
managing insurable risks. Traditional reinsurance operates efficiently in managing relatively …