Large - scaledisasters and the insurance industry
AbstractWe investigate the effect of the 20 largest – in terms of insured losses – man-made or natural disasters on the insurance industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and are even outperforming the general market subsequent to great disasters.
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Bibliographic InfoPaper provided by Business and Social Statistics Department, Technische Universität Dortmund in its series Working Papers with number 4.
Length: 14 pages
Date of creation:
Date of revision: Mar 2005
Publication status: Published in Insurance and Risk Management Journal, April 2008, pages 1-19
disaster; insurance industry; event-study;
Other versions of this item:
- Krämer, Walter & Schich, Sebastian T., 2005. "Large-scale disasters and the insurance industry," Technical Reports 2005,11, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
- Walter Kraemer & Sebastian Schich, 2008. "Large-Scale Disasters and the Insurance Industry," CESifo Working Paper Series 2243, CESifo Group Munich.
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
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