1. AFET RİSKİNİN SERMAYE PİYASALARI ARACILIŞIYLA FİNANSMANI: AFET TAHVİLLERİ.
- Author
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Anbar, Adem
- Subjects
- *
DISASTERS , *CAPITAL market , *INSURANCE policies , *MONEY market , *RISK (Insurance) , *CONTINGENT payments , *FINANCIAL futures , *FINANCIAL instruments , *INVESTORS - Abstract
An increase in the frequency and severity of natural catastrophes such as earthquake, flood, storm and hurricane has been observed in recent years. Therefore, the amount of economic losses and the amount of insured losses of catastrophes has increased. For this reason, the needs of catastrophe risk financing and catastrophe risks mitigation of insurance and reinsurance firms have appeared clearer and several financial instruments have been developed to meet the needs. One of these instruments is catastrophe bonds. Insurance and reinsurance firms finance their catastrophe risks and also they transfer their catastrophe risks to capital market investors through catastrophe bonds issuing. [ABSTRACT FROM AUTHOR]
- Published
- 2008