Insurance Linked Securities

Alternative Capital in (Re)insurance
(Contribution of a SCOR expert in an external publication) What is alternative capital, especially with regard to…
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Financial Valuation in a Volatile Scenario of the GMWB Policy
In this paper, we consider the valuation of the Guaranteed Minimum Withdrawal Benefit (GMWB) option associated with…
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Securitization, Insurance, and Reinsurance
(Contribution of a SCOR expert in an external publication) This article considers strengths and weaknesses of reinsurance…
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Viability of Capital Markets Alternatives
Securitization remains a hot topic as life insurers and reinsurers examine potential benefits and costs associated with…
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We propose a model for an insurance loss index and the claims process of a single insurance…
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The Bermuda Business Development Agency’s first study into Bermuda’s ILS market includes the results of a survey…
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Often classified as hedge funds or fixed income funds, the returns of funds with a focus on…
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As the severity of natural catastrophes continues to intensify, disaster risk management is becoming increasingly important. In…
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Property-casualty (P&C) insurers are exposed to rare but severe natural disasters. This paper analyzes the relation between…
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Härdle and Cabrera (2010) show empirically that a mix of reinsurance and CAT bond provides a catastrophe…
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Developing a liquid longevity market requires reliable and well-designed nancial instruments. An index-based longevity swap and a…
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In this paper, we develop a methodology to model the risk of losses resulting from a natural…
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A fundamental function of reinsurance is to provide financial recovery from natural catastrophes. A well-functioning insurance market…
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During the past twelve months, capital has continued to flow into the reinsurance markets in the form…
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(in French) This article deals with the issue of natural disaster risk coverage. We introduce a solution…
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This paper analyzes the reasons why exchange‐traded insurance‐linked derivatives like catastrophe insurance futures and options have failed…
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Index-linked catastrophic loss instruments have become increasingly attractive for investors and play an important role in risk…
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We provide a novel explanation for the predominance of retention and reinsurance relative to securitization in the…
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The federal government has an established institutional framework for disaster preparedness, reduction, prevention, and response—mainly disaster assistance.…
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It is reasonable to expect that catastrophe insurance system will be established in China in the near…
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Although catastrophe bonds are continuing to gain importance in today’s risk transfer and capital markets, little is…
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In this paper, we present empirical evidence from the primary market for cat bonds, which provides new…
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During the last decades, a new category of assets whose return is linked to insurance claims have…
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  Risk management is crucial for optimal portfolio management. One of the fastest growing areas in empirical…
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A methodology for pricing of reinsurance contracts in the presence of a catastrophe bond is developed. An…
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Catastrophe-linked (“CAT-linked”) securities provide a mechanism for the transfer of catastrophe risks to capital markets, and may…
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One of the most significant economic developments of the past decade has been the convergence of the…
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This report gives an overview of the ILS market, its development and the investor structure. The market…
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In this paper the catastrophe bond prices, as determined by the market, are analysed. The limited published…
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This article reviews the current status of the market for catastrophic risk (CAT) bonds and other risk-linked…
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The present paper will give an introduction on the concept of capital markets, as a division of…
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The current study reviews the risk financing techniques employed in the insurance markets and looks at the…
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Catastrophe bonds feature full collateralization of the underlying risk transfer, and thus abandon the insurance principle of…
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