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.



Current Challenges in the Securitization of Terrorism Risk

The successful securitization of terrorism risk, pioneered in October 2003 through Golden Goal Finance Ltd., suggests that the catastrophe bond market may yet be expanded through innovation, enterprise, and industry on the part of investment bankers, lawyers, and risk analysts.


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