Large - scaledisasters and the insurance industry
We 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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|Date of creation:|
|Date of revision:||Mar 2005|
|Publication status:||Published in Insurance and Risk Management Journal, April 2008, pages 1-19|
|Contact details of provider:|| Postal: |
Phone: (0231) 755-3125
Fax: (0231) 755-5284
Web page: http://www.statistik.tu-dortmund.de/iwus.html
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- Kenneth A. Froot, 1999. "The Financing of Catastrophe Risk," NBER Books, National Bureau of Economic Research, Inc, number froo99-1.
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