IDEAS home Printed from https://ideas.repec.org/a/wri/journl/v17y1994i2p23-44.html
   My bibliography  Save this article

An Examination of the Futures Market for Catastrophe Insurance

Author

Listed:
  • Mary Ann Boose
  • A. Steven Graham

Abstract

Although Catastrophe Insurance Futures (CATS) were created to allow insurers to hedge losses from catastrophes, trading has not been active. Possible explanations for this low daily volume are examined and the conclusion reached is that the characteristics of the CATS contract are substantially different from other futures for which successful markets have developed. If this innovative contract is to be successful, steps must be to taken to ameliorate some of the problems and some of the unique characteristics must be promoted as advantages to potential participants.

Suggested Citation

  • Mary Ann Boose & A. Steven Graham, 1994. "An Examination of the Futures Market for Catastrophe Insurance," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 17(2), pages 23-44.
  • Handle: RePEc:wri:journl:v:17:y:1994:i:2:p:23-44
    as

    Download full text from publisher

    File URL: http://www.insuranceissues.org/PDFs/X.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wri:journl:v:17:y:1994:i:2:p:23-44. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (James Barrese). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.