Catastrophic Risks and Insurance

image of Catastrophic Risks and Insurance

These proceedings, based on a conference held in November 2004 at OECD in Paris, present leading academic analysis as well as government and private sector information and experience-sharing on how governments and the financial and insurance sectors can deal with losses caused by terrorism, atmosperic perils, and other large-scale risks.



Catastrophic Risk Securitization

Moody's Perspective

Catastrophe bonds (“cat bonds”) are structured finance instruments devised to transfer catastrophe risk to the capital markets. The bonds appeal both to sponsors and investors, and provide a general economic benefit as well, in that they help to distribute some of the financial risk associated with insurance payouts on major disasters.


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