Catastrophe Risk: Cat Bonds And Cat Models

A sequel to the earlier book Catastrophe Insurance: Issues and Challenges, this book focuses on the latest trends in risk transfer and risk estimation in catastrophe insurance. Risk transfer has assumed a lot of importance to the insurance business ever since losses from catastrophes have increased. As a result, CAT Bonds and other mechanisms and CAT Modeling have gained in importance. Now, risk estimation is a computer model or a CAT model, which gives comprehensive risk estimations for every policy to an insurer well before a catastrophe takes place. To know more, read an exclusive interview with leading CAT modeler AIR Worldwide and know more about the hurricane Katrina