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Do capital markets have a role in making catastrophe insurance a new development tool? (anglais)

Natural disasters have taken a human toll for centuries. They have engendered numerous myths and are part of world history, witness the ruins of Herculanum and Pompei. Over the last few decades, however, the incidence of natural disasters has steadily grown. The frequency of great natural disasters across the globe during the period 1950-2005 has risen from a mean level of about two per year in the 1950s to about seven in recent years. Moreover, there...
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