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Securitizing Property Catastrophe Risk, Volume 2, Issue 9

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Securitizing Property Catastrophe Risk, Volume 2, Issue 9

DATE: August 1996

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ABSTRACT: The trading of property catastrophe risk using standard financial instruments such as options and bonds enables insurance companies to hedge their exposure by transferring risk to investors, who take positions on the occurrence and cost of catastrophes. Although these property catastrophe risk instruments are relatively new products, they have already established an important link between the insurance industry and the U.S. capital market.

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Federal Reserve Bank of New York. Research and Statistics Group. "Securitizing Property Catastrophe Risk, Volume 2, Issue 9," Current Issues in Economics and Finance (August 1996). https://fraser.stlouisfed.org/title/6879/item/627866, accessed on March 28, 2023.

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