Managing financial risks due to natural catastrophes

Author Robert Kast
Publisher Institut Français de Pondichéry / Centre de Sciences Humaines
Year 2011
Pages 44 p.
Series USR 3330 "Savoirs et Mondes Indiens" Working papers series n°4
Language English

About the Book

This paper was prepared for the First Journées d'Economie et Econométrie de l'Asssurance, in Rennes, October 22nd and 23rd, 2009. It's a melting pot of several papers that I have written with my co-authors, plus a very short summary of Graciella Chichilnisky enlightening results. But, before proposing partial answers to the problem of modelling catastrophes in such a way as to be able to propose how to manage them, I try and grasp what we mean by catastrophe and what are the main problems, in the introduction.


catastrophe, risk, hedging instruments, cat-bonds, ambiguity, long term