The price of catastrophe risks is viewed by many to be too high and/or too volatile. Catastrophe risk practitioners point out that, contrary to standard insurance, such as automobile insurance, catastrophe re-insurance is exposed to infrequent but potentially very large losses. It thus requires keeping a large amount of capital in hand, generating a cost of capital to be added to the long-term expected loss. This paper pulls together data from about...
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INFORMATION
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2008/11/01
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Document de travail de recherche sur les politiques
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WPS4765
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1
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1
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2010/07/01
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Disclosed
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Catastrophe risk pricing : an empirical analysis
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expected loss
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