Abstract
This paper explains securitization of insurance risk by describing its essential components and its economic rationale. We use examples and describe recent securitization transactions. We explore the key ideas without abstract mathematics. Insurance-based securitizations improve opportunities for all investors. Relative to traditional reinsurance, securitizations provide larger
amounts of coverage and more innovative contract terms.
Volume
30:1
Page
157-192
Year
2000
Categories
Financial and Statistical Methods
Asset and Econometric Modeling
Asset Classes
Asset-Backed Securities
Business Areas
Reinsurance
Aggregate Excess/Stop Loss
Publications
ASTIN Bulletin
