Making a Market for Acts of God P

by Paul Spee, Rebecca Bednarek, Paula Jarzabkowski

Book Overview

Reinsurance is a financial market that trades in the risk of unpredictable and devastating disasters - such as Hurricane Katrina, the Tohoku earthquake and tsunami, and the terrorist attacks on the World Trade Centre. Such disasters are increasing in both frequency and severity, with the cost of their losses mounting rapidly. Reinsurance insures insurance companies, enabling them to pay claims arising from these losses. It is thus a market mechanism...

• Format: Paperback
• Language: English
• ISBN: 0198783779
• ISBN13: 9780198783770
• Release Date: May 2017
• Publisher: Academic
• Length: 256 Pages
• Weight: 0.90 lbs.
• Dimensions: 1.6" x 6.4" x 9.3"